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REGISTERED NUMBER: 02763487 (England and Wales)















L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED (REGISTERED NUMBER: 02763487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs P M Brown
R J L Brown





SECRETARY: Mrs P M Brown





REGISTERED OFFICE: Maple Tree House
Belchford
Horncastle
Lincolnshire
LN9 6LL





REGISTERED NUMBER: 02763487 (England and Wales)

L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED (REGISTERED NUMBER: 02763487)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,295 16,059

CURRENT ASSETS
Stocks 4,012 4,935
Debtors 5 173,765 133,376
Cash at bank 809,366 779,844
987,143 918,155
CREDITORS
Amounts falling due within one year 6 298,842 229,267
NET CURRENT ASSETS 688,301 688,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

709,596

704,947

PROVISIONS FOR LIABILITIES 3,470 2,348
NET ASSETS 706,126 702,599

CAPITAL AND RESERVES
Called up share capital 3 3
Capital redemption reserve 1 1
Retained earnings 706,122 702,595
SHAREHOLDERS' FUNDS 706,126 702,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED (REGISTERED NUMBER: 02763487)

BALANCE SHEET - continued
31ST 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 24th September 2024 and were signed on its behalf by:





Mrs P M Brown - Director


L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED (REGISTERED NUMBER: 02763487)

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

1. STATUTORY INFORMATION

L. Brown & Son (Wholesale 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - 2% on cost
Plant and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

L. BROWN & SON (WHOLESALE BUTCHERS)
LIMITED (REGISTERED NUMBER: 02763487)

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

4. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Office
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 10,578 110,635 64,800 10,084 196,097
Additions - - 7,500 - 7,500
At 31st December 2023 10,578 110,635 72,300 10,084 203,597
DEPRECIATION
At 1st January 2023 5,505 101,202 63,888 9,443 180,038
Charge for year 211 1,416 541 96 2,264
At 31st December 2023 5,716 102,618 64,429 9,539 182,302
NET BOOK VALUE
At 31st December 2023 4,862 8,017 7,871 545 21,295
At 31st December 2022 5,073 9,433 912 641 16,059

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 150,019 106,878
Other debtors 23,746 26,498
173,765 133,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 180,304 117,187
Taxation and social security 3,329 3,524
Other creditors 115,209 108,556
298,842 229,267

7. ULTIMATE CONTROLLING PARTY

The company was under the control of Mrs P M Brown, throughout this and the previous year.