Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseprocessing and preserving of meat3833falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01459278 2023-01-01 2023-12-31 01459278 2022-01-01 2022-12-31 01459278 2023-12-31 01459278 2022-12-31 01459278 c:Director1 2023-01-01 2023-12-31 01459278 d:Buildings 2023-01-01 2023-12-31 01459278 d:Buildings 2023-12-31 01459278 d:Buildings 2022-12-31 01459278 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01459278 d:Buildings d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01459278 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 01459278 d:PlantMachinery 2023-01-01 2023-12-31 01459278 d:PlantMachinery 2023-12-31 01459278 d:PlantMachinery 2022-12-31 01459278 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01459278 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01459278 d:MotorVehicles 2023-01-01 2023-12-31 01459278 d:MotorVehicles 2023-12-31 01459278 d:MotorVehicles 2022-12-31 01459278 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01459278 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01459278 d:OfficeEquipment 2023-01-01 2023-12-31 01459278 d:OfficeEquipment 2023-12-31 01459278 d:OfficeEquipment 2022-12-31 01459278 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01459278 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01459278 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01459278 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 01459278 d:ComputerSoftware 2023-12-31 01459278 d:ComputerSoftware 2022-12-31 01459278 d:CurrentFinancialInstruments 2023-12-31 01459278 d:CurrentFinancialInstruments 2022-12-31 01459278 d:Non-currentFinancialInstruments 2023-12-31 01459278 d:Non-currentFinancialInstruments 2022-12-31 01459278 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01459278 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01459278 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01459278 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01459278 d:ShareCapital 2023-12-31 01459278 d:ShareCapital 2022-12-31 01459278 d:RetainedEarningsAccumulatedLosses 2023-12-31 01459278 d:RetainedEarningsAccumulatedLosses 2022-12-31 01459278 c:OrdinaryShareClass1 2023-01-01 2023-12-31 01459278 c:OrdinaryShareClass1 2023-12-31 01459278 c:OrdinaryShareClass1 2022-12-31 01459278 c:OrdinaryShareClass2 2023-01-01 2023-12-31 01459278 c:OrdinaryShareClass2 2023-12-31 01459278 c:OrdinaryShareClass2 2022-12-31 01459278 c:OrdinaryShareClass3 2023-01-01 2023-12-31 01459278 c:OrdinaryShareClass3 2023-12-31 01459278 c:OrdinaryShareClass3 2022-12-31 01459278 c:FRS102 2023-01-01 2023-12-31 01459278 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 01459278 c:FullAccounts 2023-01-01 2023-12-31 01459278 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 01459278 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-01-01 2023-12-31 01459278 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 01459278 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-31 01459278 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 01459278 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01459278










BROADLAND HAMS (NORFOLK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BROADLAND HAMS (NORFOLK) LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 10


 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROADLAND HAMS (NORFOLK) LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Broadland Hams (Norfolk) Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Broadland Hams (Norfolk) Limited, as a body, in accordance with the terms of our engagement letter dated 11 August 2023Our work has been undertaken solely to prepare for your approval the financial statements of Broadland Hams (Norfolk) Limited and state those matters that we have agreed to state to the Board of Directors of Broadland Hams (Norfolk) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Broadland Hams (Norfolk) Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Broadland Hams (Norfolk) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Broadland Hams (Norfolk) Limited. You consider that Broadland Hams (Norfolk) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Broadland Hams (Norfolk) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



M+A Partners LLP
 
7, The Close
Norwich
Norfolk
NR1 4DJ
19 September 2024
Page 1

 
BROADLAND HAMS (NORFOLK) LIMITED
REGISTERED NUMBER: 01459278

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
  
150
298

Tangible assets
 5 
389,381
361,261

  
389,531
361,559

Current assets
  

Stocks
  
216,461
175,100

Debtors: amounts falling due within one year
 6 
919,309
715,295

Cash at bank and in hand
  
528,950
692,707

  
1,664,720
1,583,102

Creditors: amounts falling due within one year
 7 
(938,948)
(839,695)

Net current assets
  
 
 
725,772
 
 
743,407

Total assets less current liabilities
  
1,115,303
1,104,966

Creditors: amounts falling due after more than one year
 8 
(61,253)
(28,333)

Provisions for liabilities
  

Deferred tax
  
(93,586)
(87,941)

  
 
 
(93,586)
 
 
(87,941)

Net assets
  
960,464
988,692


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Profit and loss account
  
959,464
987,692

  
960,464
988,692


Page 2

 
BROADLAND HAMS (NORFOLK) LIMITED
REGISTERED NUMBER: 01459278
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 September 2024.




Mr Edward John Porter
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The address of its registered office is Little Melton Food Park, Little Melton Road, Beckhithe, Little Melton, Norwich, Norfolk, NR9 3NP.
The company's principal activity is that of the processing and preserving of meat. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 4

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Improvements to leasehold property
-
20% or 6.7% on cost
Plant and machinery
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Office equipment
-
25% on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost includes all costs of purchase and other costs incurred in bringing stock to its present location and condition.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 38 (2022 - 33).

Page 6

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
742



At 31 December 2023

742



Amortisation


At 1 January 2023
444


Charge for the year on owned assets
148



At 31 December 2023

592



Net book value



At 31 December 2023
150



At 31 December 2022
298



Page 7

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Improv to leasehold property
Plant, fixtures & equipment
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
85,679
812,287
141,923
35,164
1,075,053


Additions
23,375
105,105
-
1,439
129,919



At 31 December 2023

109,054
917,392
141,923
36,603
1,204,972



Depreciation


At 1 January 2023
52,809
551,331
84,531
25,121
713,792


Charge for the year on owned assets
12,187
55,815
11,479
4,918
84,399


Charge for the year on financed assets
-
17,400
-
-
17,400



At 31 December 2023

64,996
624,546
96,010
30,039
815,591



Net book value



At 31 December 2023
44,058
292,846
45,913
6,564
389,381



At 31 December 2022
32,870
260,956
57,392
10,043
361,261

Page 8

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
865,927
663,498

Other debtors
40,322
33,565

Prepayments and accrued income
13,060
18,232

919,309
715,295



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
652,467
408,128

Other taxation and social security
102,951
67,509

Obligations under finance lease and hire purchase contracts
13,920
11,295

Other creditors
103,443
274,827

Accruals and deferred income
56,167
67,936

938,948
839,695


Secured loans
Hire purchase arrangements are secured on the asset.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
18,333
28,333

Net obligations under finance leases and hire purchase contracts
42,920
-

61,253
28,333


Secured loans
Hire purchase arrangements are secured on the asset. 

Page 9

 
BROADLAND HAMS (NORFOLK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



240 (2022 - 240) Ordinary A shares of £1.00 each
240
240
520 (2022 - 520) Ordinary B shares of £1.00 each
520
520
240 (2022 - 240) Ordinary C shares of £1.00 each
240
240

1,000

1,000



10.


Pension commitments

Contributions totalling £1,890 (2022: £1,471) were payable to the fund at the balance sheet date and are
included in other creditors.


11.


Commitments, guarantees and contingencies

The company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounting to £54,029 (2022: £54,029).


12.


Transactions with directors

As at 31 December 2023, the company owed the directors £103,443 (2022 - £274,827). This loan is included in other creditors due within one year in note 7 to the financial statements and is repayable on demand. This loan is interest free.

 
Page 10