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REGISTERED NUMBER: 04908841 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

T.H.E. BEST BUTCHERS LTD

T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T.H.E. BEST BUTCHERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Boddy





SECRETARY: Ms T L Boddy





REGISTERED OFFICE: 2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN





REGISTERED NUMBER: 04908841 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 67,748 78,573

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 4 101,730 116,775
Cash at bank 193,626 113,326
298,856 233,601
CREDITORS
Amounts falling due within one year 5 123,812 125,321
NET CURRENT ASSETS 175,044 108,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

242,792

186,853

PROVISIONS FOR LIABILITIES 16,432 7,618
NET ASSETS 226,360 179,235

CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Retained earnings 225,360 178,235
SHAREHOLDERS' FUNDS 226,360 179,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 14 September 2024 and were signed by:





Mr S Boddy - Director


T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. 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 has been fully amortised in the current year.

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.
Long leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

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.

T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


1. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 April 2023
and 31 March 2024 17,245 175,803 16,039
DEPRECIATION
At 1 April 2023 17,124 127,613 12,031
Charge for year 30 3,229 1,002
At 31 March 2024 17,154 130,842 13,033
NET BOOK VALUE
At 31 March 2024 91 44,961 3,006
At 31 March 2023 121 48,190 4,008

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 33,713 27,734 270,534
DEPRECIATION
At 1 April 2023 19,036 16,157 191,961
Charge for year 3,669 2,895 10,825
At 31 March 2024 22,705 19,052 202,786
NET BOOK VALUE
At 31 March 2024 11,008 8,682 67,748
At 31 March 2023 14,677 11,577 78,573

T.H.E. BEST BUTCHERS LTD (REGISTERED NUMBER: 04908841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 86,319 75,836
Other debtors 15,411 40,939
101,730 116,775

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 13 582
Trade creditors 77,307 65,972
Taxation and social security 36,548 19,940
Other creditors 9,944 38,827
123,812 125,321

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Called up and fully paid of £1
each 1 1,000 1,000

7. RELATED PARTY DISCLOSURES

Included within Other Debtors is £10,000 (2023: £10,487) receivable from J Boddy, son of the director.