Registered number
13907169
Bromwich Family Butchers Ltd
Filleted Accounts
29 February 2024
Bromwich Family Butchers Ltd
Registered number: 13907169
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,176 23,867
Current assets
Debtors 4 2,529 6,892
Cash at bank and in hand 37,674 27,210
40,203 34,102
Creditors: amounts falling due within one year 5 (2,790) (6,374)
Net current assets 37,413 27,728
Total assets less current liabilities 66,589 51,595
Creditors: amounts falling due after more than one year 6 (47,608) (39,791)
Net assets 18,981 11,804
Capital and reserves
Called up share capital 10 10
Profit and loss account 18,971 11,794
Shareholder's funds 18,981 11,804
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr H Bromwich
Director
Approved by the board on 7 October 2024
Bromwich Family Butchers Ltd
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Fixtures & fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 22,235 7,599 - 29,834
Additions 1,698 5,702 6,695 14,095
At 29 February 2024 23,933 13,301 6,695 43,929
Depreciation
At 1 March 2023 4,447 1,520 - 5,967
Charge for the year 4,787 2,660 1,339 8,786
At 29 February 2024 9,234 4,180 1,339 14,753
Net book value
At 29 February 2024 14,699 9,121 5,356 29,176
At 28 February 2023 17,788 6,079 - 23,867
4 Debtors 2024 2023
£ £
Other debtors 2,529 6,892
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 855 937
Trade creditors 700 547
Taxation and social security costs 1,235 4,890
2,790 6,374
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 4,700 4,700
Bank loans 35,499 26,200
Other creditors 7,409 8,891
47,608 39,791
7 Other information
Bromwich Family Butchers Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26 The Village
Haxby
York
YO32 3HT
Bromwich Family Butchers Ltd 13907169 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 Mr H Bromwich No description of principal activity 13907169 2022-02-10 2023-02-28 13907169 core:WithinOneYear 2023-02-28 13907169 core:AfterOneYear 2023-02-28 13907169 core:ShareCapital 2023-02-28 13907169 core:RetainedEarningsAccumulatedLosses 2023-02-28 13907169 2023-03-01 2024-02-29 13907169 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13907169 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 13907169 bus:Director40 2023-03-01 2024-02-29 13907169 1 2023-03-01 2024-02-29 13907169 2 2023-03-01 2024-02-29 13907169 core:LandBuildings 2023-03-01 2024-02-29 13907169 core:PlantMachinery 2023-03-01 2024-02-29 13907169 core:Vehicles 2023-03-01 2024-02-29 13907169 countries:England 2023-03-01 2024-02-29 13907169 bus:FRS102 2023-03-01 2024-02-29 13907169 bus:FilletedAccounts 2023-03-01 2024-02-29 13907169 2024-02-29 13907169 core:WithinOneYear 2024-02-29 13907169 core:AfterOneYear 2024-02-29 13907169 core:ShareCapital 2024-02-29 13907169 core:RetainedEarningsAccumulatedLosses 2024-02-29 13907169 core:LandBuildings 2024-02-29 13907169 core:PlantMachinery 2024-02-29 13907169 core:Vehicles 2024-02-29 13907169 2023-02-28 13907169 core:LandBuildings 2023-02-28 13907169 core:PlantMachinery 2023-02-28 13907169 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure