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REGISTERED NUMBER: 05995690 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

K D CATERING BUTCHERS LIMITED

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)






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


K D CATERING BUTCHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: K Delves





REGISTERED OFFICE: Bay Tree Farm
Bay Tree Lane
Polegate
East Sussex
BN26 6QN





REGISTERED NUMBER: 05995690 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 134,965 80,197
134,965 80,197

CURRENT ASSETS
Stocks 12,750 11,506
Debtors 6 445,830 462,885
Cash at bank and in hand 10,582 29,110
469,162 503,501
CREDITORS
Amounts falling due within one year 7 (368,821 ) (353,016 )
NET CURRENT ASSETS 100,341 150,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,306

230,682

CREDITORS
Amounts falling due after more than one
year

8

(84,204

)

(30,285

)

PROVISIONS FOR LIABILITIES (29,865 ) (15,805 )
NET ASSETS 121,237 184,592

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 121,137 184,492
SHAREHOLDERS' FUNDS 121,237 184,592

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 director acknowledges his 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.

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





K Delves - Director


K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

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

1. STATUTORY INFORMATION

K D Catering Butchers 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 46,000
AMORTISATION
At 1 January 2023
and 31 December 2023 46,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 198,280 71,111 136,518 31,638 437,547
Additions - 490 88,385 3,394 92,269
At 31 December 2023 198,280 71,601 224,903 35,032 529,816
DEPRECIATION
At 1 January 2023 155,800 54,199 116,990 30,361 357,350
Charge for year 6,372 2,180 26,978 1,971 37,501
At 31 December 2023 162,172 56,379 143,968 32,332 394,851
NET BOOK VALUE
At 31 December 2023 36,108 15,222 80,935 2,700 134,965
At 31 December 2022 42,480 16,912 19,528 1,277 80,197

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 88,385
At 31 December 2023 88,385
DEPRECIATION
Charge for year 22,096
At 31 December 2023 22,096
NET BOOK VALUE
At 31 December 2023 66,289

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 266,271 273,620
Amounts owed by group undertakings 156,542 157,298
Other debtors 23,017 31,967
445,830 462,885

K D CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 05995690)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,134 11,141
Hire purchase contracts 14,150 -
Trade creditors 323,504 316,722
Taxation and social security 14,425 20,415
Other creditors 6,608 4,738
368,821 353,016

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,127 30,285
Hire purchase contracts 64,077 -
84,204 30,285

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 30,840 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100