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REGISTERED NUMBER: 04544534 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)






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


MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M J Maloney
A L Mellors





SECRETARY: A L Mellors





REGISTERED OFFICE: 44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL





REGISTERED NUMBER: 04544534 (England and Wales)





ACCOUNTANTS: Beeley Hawley & Co. Ltd
Chartered Accountants
42-44 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BL

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 270,707 341,357
270,707 341,357

CURRENT ASSETS
Stocks 206,789 175,232
Debtors 6 438,336 453,050
Cash at bank and in hand 42,397 49,751
687,522 678,033
CREDITORS
Amounts falling due within one year 7 704,720 629,248
NET CURRENT (LIABILITIES)/ASSETS (17,198 ) 48,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,509

390,142

CREDITORS
Amounts falling due after more than one year 8 (38,673 ) (95,986 )

PROVISIONS FOR LIABILITIES (48,374 ) (45,431 )
NET ASSETS 166,462 248,725

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 166,262 248,525
SHAREHOLDERS' FUNDS 166,462 248,725

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.

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





A L Mellors - Director


MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mike Maloney Country Butchers and Bakers 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 amounts paid in connection with the acquisition of the businesses less the value of assets acquired is amortised evenly over their estimated useful economic lives as follows:-

Business acquired in 2003 10 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.
Improvements to property - 25% on cost, 20% on cost, 15% on cost, 10% on cost and Straight line over life of lease
Plant and machinery - 25% on cost, 20% on cost, 15% on cost and 10% on cost
Fixtures and fittings - 33% on cost, 15% on cost and 10% on cost
Motor vehicles - 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 62 (2022 - 62 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 90,000
AMORTISATION
At 1 January 2023
and 31 December 2023 90,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,517,906
Additions 7,594
At 31 December 2023 1,525,500
DEPRECIATION
At 1 January 2023 1,176,549
Charge for year 78,244
At 31 December 2023 1,254,793
NET BOOK VALUE
At 31 December 2023 270,707
At 31 December 2022 341,357

Assets held under hire purchase and finance lease contracts are included in the above at a net book value of £112,775 (2022: £142,582).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 306,311 279,929
Amounts owed by group undertakings 92,129 121,074
Other debtors 39,896 52,047
438,336 453,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 223,486 166,946
Hire purchase contracts (see note 9) 46,588 62,058
Trade creditors 341,302 324,081
Tax 463 -
Social security and other taxes 18,846 11,813
Other creditors 11,253 9,069
Directors' loan accounts 16,201 15,237
Accrued expenses 46,581 40,044
704,720 629,248

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2 - 5 years 17,265 27,187
Hire purchase contracts (see note 9) 21,408 68,799
38,673 95,986

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 46,588 62,058
Between one and five years 21,408 68,799
67,996 130,857

Non-cancellable operating leases
2023 2022
£    £   
Within one year 24,000 30,797
Between one and five years 96,000 97,699
In more than five years - 24,000
120,000 152,496

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 213,463 156,821
Bank loans 27,288 37,312
Hire purchase contracts 67,996 130,857
308,747 324,990

Included within bank overdrafts is £213,463 (2022: £156,821) in respect of an invoice discounting facility.

MIKE MALONEY COUNTRY BUTCHERS AND BAKERS
LIMITED (REGISTERED NUMBER: 04544534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Creditors includes £16,200 (2022 : £15,236) relating to a directors' loan account balance with Mr M Maloney. During the year £26,936 was advanced by the company and £27,900 was repaid in respect of this loan.
Debtors includes £19,306 (2022 : £10,977) relating to a directors' loan account balance with Mrs A Mellors. During the year £48,829 was advanced by the company and £40,500 was repaid in respect of this loan. All stated amounts are aggregates. The loans were interest free and repayable under no specific terms.

The directors have each provided a personal guarantee of £20,000 in support of an invoice discounting facility.

12. RELATED PARTY DISCLOSURES

At the year end £92,129 (2022 : £121,074) was owed to the company by the parent company.