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REGISTERED NUMBER: 02848266 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BEEF IMPROVEMENT GROUPING LIMITED

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEF IMPROVEMENT GROUPING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: T S Rymer
R C Rook
L L Leachman
D T Watson
W P Okane
D B Burling





REGISTERED OFFICE: Southburn Offices
Southburn
Driffield
East Yorkshire
YO25 9ED





REGISTERED NUMBER: 02848266 (England and Wales)





ACCOUNTANTS: Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,825 24,916

CURRENT ASSETS
Stocks 193,092 144,884
Debtors 5 268,264 357,307
Cash at bank 136,379 129,383
597,735 631,574
CREDITORS
Amounts falling due within one year 6 (193,347 ) (207,622 )
NET CURRENT ASSETS 404,388 423,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

417,213

448,868

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 21,931 21,931
Retained earnings 394,782 426,437
SHAREHOLDERS' FUNDS 417,213 448,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2024 and were signed on its behalf by:




R C Rook - Director



T S Rymer - Director


BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Beef Improvement Grouping Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the total amount, excluding value added tax, receivable by the company for goods and other services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles 25%
Plant &
machinery

20%


Stocks
Stocks are valued at the lower of cost or net realisable value.

Government grants
Government grants receivable in respect of expenditure charged to the revenue account during the year have been credited in the profit and loss account.

Government grants receivable in respect of capital are treated as deferred income, which is credited to the profit and loss account by instalments over the expected useful life of the related asset, on a basis consistent with the depreciation policy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 90,868 80,219 171,087
DEPRECIATION
At 1 January 2023 90,868 55,303 146,171
Charge for year - 12,091 12,091
At 31 December 2023 90,868 67,394 158,262
NET BOOK VALUE
At 31 December 2023 - 12,825 12,825
At 31 December 2022 - 24,916 24,916

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268,264 357,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 165,392 176,845
Taxation and social security 27,955 30,777
193,347 207,622