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REGISTERED NUMBER: SC278967 (Scotland)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRUCE CLARK (BUTCHERS) LIMITED

BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

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


BRUCE CLARK (BUTCHERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B F Clark
Mrs L V Burley



REGISTERED OFFICE: 5a Leopold Street
Nairn
IV12 4BE



REGISTERED NUMBER: SC278967 (Scotland)



ACCOUNTANTS: Ross + Co Accountancy Limited
31 Strathspey Avenue
Aviemore
PH22 1SN



BANKERS: Bank of Scotland
12 Queen Street
Lossiemouth
IV31 6NU

BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,500 3,000
Tangible assets 5 125,363 32,716
126,863 35,716

CURRENT ASSETS
Stocks 6,500 6,500
Debtors 6 43,763 26,884
Cash at bank and in hand 97,436 122,920
147,699 156,304
CREDITORS
Amounts falling due within one year 7 99,345 75,498
NET CURRENT ASSETS 48,354 80,806
TOTAL ASSETS LESS CURRENT LIABILITIES 175,217 116,522

PROVISIONS FOR LIABILITIES 8 6,768 6,102
NET ASSETS 168,449 110,420

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 9 1 1
Profit and loss account -
distributable 168,448 110,419
SHAREHOLDERS' FUNDS 168,449 110,420

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 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.

BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





Mr B F Clark - Director


BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

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


1. STATUTORY INFORMATION

Bruce Clark (Butchers) Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared under the going concern basis as in the opinion of the director there is adequate finance available to the company in order to continue in operation for the foreseeable future.

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 in 2005, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 25% on reducing balance and 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
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

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


2. ACCOUNTING POLICIES - continued

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.

DEBTORS AND CREDITORS RECEIVABLE/PAYABLE WITHIN ONE YEAR
Debtors and creditors with no stated interest and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 30,000
AMORTISATION
At 1 April 2023 27,000
Charge for year 1,500
At 31 March 2024 28,500
NET BOOK VALUE
At 31 March 2024 1,500
At 31 March 2023 3,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 - 121,865 121,865
Additions 97,800 - 97,800
At 31 March 2024 97,800 121,865 219,665
DEPRECIATION
At 1 April 2023 - 89,149 89,149
Charge for year - 5,153 5,153
At 31 March 2024 - 94,302 94,302
NET BOOK VALUE
At 31 March 2024 97,800 27,563 125,363
At 31 March 2023 - 32,716 32,716

BRUCE CLARK (BUTCHERS) LIMITED (REGISTERED NUMBER: SC278967)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,156 19,774
Other debtors 6,607 7,110
43,763 26,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,880 32,659
Taxation and social security 33,540 13,892
Other creditors 34,925 28,947
99,345 75,498

Included in other creditors is a loan from the director, Mr B F Clark. At the balance sheet date this loan amounted to £32,091 (2023: £24,066). The loan is granted free of interest and is repayable as and when the company has the funds available to do so.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,768 6,102

Deferred
tax
£   
Balance at 1 April 2023 6,102
Provided during year 666
Balance at 31 March 2024 6,768

9. ALLOTTED, CALLED UP AND FULLY
PAID SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr B F Clark, by virtue of his 100% ownership of the issued Ordinary Share Capital.