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REGISTERED NUMBER: 13394423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

YOU WANT BEEF LTD

YOU WANT BEEF LTD (REGISTERED NUMBER: 13394423)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


YOU WANT BEEF LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTOR: Obaidkhaliq Bhatti





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 13394423 (England and Wales)

YOU WANT BEEF LTD (REGISTERED NUMBER: 13394423)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 21,786 27,868

CURRENT ASSETS
Inventories 1,520 5,574
Debtors 5 87,860 117,829
Cash at bank and in hand 7,316 18,232
96,696 141,635
CREDITORS
Amounts falling due within one year 6 80,463 149,472
NET CURRENT ASSETS/(LIABILITIES) 16,233 (7,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,019

20,031

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 37,919 19,931
38,019 20,031

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 15 October 2024 and were signed by:





Obaidkhaliq Bhatti - Director


YOU WANT BEEF LTD (REGISTERED NUMBER: 13394423)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

You Want Beef Ltd 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 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.

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:



Plant & Machinery20% Straight Line
Fixtures & Fittings15% Straight Line
Computer Equipments20% Straight Line

Stocks
Inventories 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.

YOU WANT BEEF LTD (REGISTERED NUMBER: 13394423)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 21,030 12,250 4,373 37,653
Additions 53 933 - 986
At 31 May 2024 21,083 13,183 4,373 38,639
DEPRECIATION
At 1 June 2023 5,406 3,314 1,065 9,785
Charge for year 4,217 1,977 874 7,068
At 31 May 2024 9,623 5,291 1,939 16,853
NET BOOK VALUE
At 31 May 2024 11,460 7,892 2,434 21,786
At 31 May 2023 15,624 8,936 3,308 27,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 110 6,846
Other debtors 87,750 22,409
Other loans - 88,574
87,860 117,829

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 5,439 7,776
Taxation and social security 28,644 13,868
Other creditors 46,380 127,828
80,463 149,472