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REGISTERED NUMBER: 01035787 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

W.H.Frost (Butchers) Limited

W.H.Frost (Butchers) Limited (Registered number: 01035787)






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


W.H.Frost (Butchers) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Horsley Frost
Mrs L Horsley Frost
W Horsley Frost
N Horsley Frost
L Horsley Frost
M Horsley Frost
R Horsley Frost
Miss J E Newns





SECRETARY: J Horsley Frost





REGISTERED OFFICE: The Butchery
Brickyard Farm
Congleton Road, Marton
Macclesfield
Cheshire
SK11 9HG





REGISTERED NUMBER: 01035787 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

W.H.Frost (Butchers) Limited (Registered number: 01035787)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,285,430 1,005,381

CURRENT ASSETS
Stocks 37,123 56,152
Debtors 5 402,172 250,055
Prepayments and accrued income 3,348 -
Cash at bank 97,973 112,138
540,616 418,345
CREDITORS
Amounts falling due within one year 6 475,246 275,969
NET CURRENT ASSETS 65,370 142,376
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,350,800

1,147,757

CREDITORS
Amounts falling due after more than one year 7 (139,354 ) (161,395 )

PROVISIONS FOR LIABILITIES (26,019 ) (20,992 )
NET ASSETS 1,185,427 965,370

CAPITAL AND RESERVES
Called up share capital 4,000 4,000
Retained earnings 1,181,427 961,370
SHAREHOLDERS' FUNDS 1,185,427 965,370

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.

W.H.Frost (Butchers) Limited (Registered number: 01035787)

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 18 September 2024 and were signed on its behalf by:





J Horsley Frost - Director


W.H.Frost (Butchers) Limited (Registered number: 01035787)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

W.H.Frost (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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Interest income
Interest income is recognised in the statement of comprehensive income using the effective interest method.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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- 2% on cost
Fixtures & fittings - 10% on cost
Plant & machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment -25% 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.

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.


W.H.Frost (Butchers) Limited (Registered number: 01035787)

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.

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.

Going concern
The company's financial statements for the year ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 31 ) .

W.H.Frost (Butchers) Limited (Registered number: 01035787)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Leasehold Plant and
property improvements machinery
£    £    £   
COST
At 1 January 2023 933,021 18,800 9,515
Additions 284,058 - -
At 31 December 2023 1,217,079 18,800 9,515
DEPRECIATION
At 1 January 2023 22,330 18,799 2,066
Charge for year 14,534 - 2,379
At 31 December 2023 36,864 18,799 4,445
NET BOOK VALUE
At 31 December 2023 1,180,215 1 5,070
At 31 December 2022 910,691 1 7,449

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 142,950 242,518 6,629 1,353,433
Additions 42,108 - - 326,166
At 31 December 2023 185,058 242,518 6,629 1,679,599
DEPRECIATION
At 1 January 2023 103,605 196,290 4,962 348,052
Charge for year 10,487 17,925 792 46,117
At 31 December 2023 114,092 214,215 5,754 394,169
NET BOOK VALUE
At 31 December 2023 70,966 28,303 875 1,285,430
At 31 December 2022 39,345 46,228 1,667 1,005,381

W.H.Frost (Butchers) Limited (Registered number: 01035787)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 46,719
DEPRECIATION
At 1 January 2023 7,787
Charge for year 11,680
At 31 December 2023 19,467
NET BOOK VALUE
At 31 December 2023 27,252
At 31 December 2022 38,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 319,488 230,351
Other debtors 82,684 19,704
402,172 250,055

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,212 19,591
Hire purchase contracts 5,208 12,500
Trade creditors 271,092 200,833
Taxation and social security 109,512 24,550
Other creditors 71,222 18,495
475,246 275,969

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 139,354 156,187
Hire purchase contracts - 5,208
139,354 161,395

W.H.Frost (Butchers) Limited (Registered number: 01035787)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 66,507 77,822

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
J Horsley Frost
Balance outstanding at start of year 9,581 (9,906 )
Amounts advanced 82,822 55,488
Amounts repaid (37,300 ) (36,001 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,103 9,581

N Horsley Frost
Balance outstanding at start of year - -
Amounts advanced 2,620 -
Amounts repaid (2,370 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 250 -

W Horsley Frost
Balance outstanding at start of year - 2,033
Amounts advanced 4,000 180
Amounts repaid (394 ) (2,213 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,606 -

R Horsley Frost
Balance outstanding at start of year - 3,500
Amounts advanced - 100
Amounts repaid - (3,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

W.H.Frost (Butchers) Limited (Registered number: 01035787)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

L Horsley Frost
Balance outstanding at start of year - -
Amounts repaid (59,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (59,000 ) -