Caseware UK (AP4) 2023.0.135 2023.0.135 2023-02-01truefalse23No description of principal activity21falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12435791 2023-02-01 2024-01-31 12435791 2022-02-01 2023-01-31 12435791 2024-01-31 12435791 2023-01-31 12435791 c:Director1 2023-02-01 2024-01-31 12435791 d:PlantMachinery 2023-02-01 2024-01-31 12435791 d:PlantMachinery 2024-01-31 12435791 d:PlantMachinery 2023-01-31 12435791 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435791 d:MotorVehicles 2023-02-01 2024-01-31 12435791 d:MotorVehicles 2024-01-31 12435791 d:MotorVehicles 2023-01-31 12435791 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435791 d:FurnitureFittings 2023-02-01 2024-01-31 12435791 d:FurnitureFittings 2024-01-31 12435791 d:FurnitureFittings 2023-01-31 12435791 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435791 d:OfficeEquipment 2023-02-01 2024-01-31 12435791 d:OfficeEquipment 2024-01-31 12435791 d:OfficeEquipment 2023-01-31 12435791 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435791 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 12435791 d:Goodwill 2023-02-01 2024-01-31 12435791 d:Goodwill 2024-01-31 12435791 d:Goodwill 2023-01-31 12435791 d:CurrentFinancialInstruments 2024-01-31 12435791 d:CurrentFinancialInstruments 2023-01-31 12435791 d:Non-currentFinancialInstruments 2024-01-31 12435791 d:Non-currentFinancialInstruments 2023-01-31 12435791 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12435791 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12435791 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 12435791 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 12435791 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 12435791 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 12435791 d:ShareCapital 2024-01-31 12435791 d:ShareCapital 2023-01-31 12435791 d:RetainedEarningsAccumulatedLosses 2024-01-31 12435791 d:RetainedEarningsAccumulatedLosses 2023-01-31 12435791 c:FRS102 2023-02-01 2024-01-31 12435791 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12435791 c:FullAccounts 2023-02-01 2024-01-31 12435791 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12435791 2 2023-02-01 2024-01-31 12435791 d:Goodwill d:OwnedIntangibleAssets 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12435791










RM MEATS LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 January 2024

 
RM MEATS LTD
Registered number: 12435791

Balance sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
8,600
12,900

Tangible assets
 5 
228,214
232,564

  
236,814
245,464

Current assets
  

Stocks
  
22,500
12,000

Debtors: amounts falling due within one year
 6 
684,278
576,182

Cash at bank and in hand
 7 
98,793
42,253

  
805,571
630,435

Creditors: amounts falling due within one year
 8 
(314,026)
(292,135)

Net current assets
  
 
 
491,545
 
 
338,300

Total assets less current liabilities
  
728,359
583,764

Creditors: amounts falling due after more than one year
 9 
(16,212)
(23,415)

  

Net assets
  
712,147
560,349


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
712,143
560,345

  
712,147
560,349


Page 1

 
RM MEATS LTD
Registered number: 12435791
    
Balance sheet (continued)
As at 31 January 2024

The director considers 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 director acknowledges his 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 comprehensive income 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 28 October 2024.




Mr M Moskowits
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
RM MEATS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

1.


General information

RM Meats Ltd is a private company limited by shares and registered in England and Wales. The registered address is at 166 Stamford Hill, London, N16 6QX.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
RM MEATS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Statement of comprehensive income over its useful economic life.

Other 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.

 
2.7

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 a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Motor vehicles
-
25%
Fixtures and fittings
-
15%
Office equipment
-
33%

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.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
RM MEATS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 23).


4.


Intangible assets



Goodwill

£



Cost


At 1 February 2023
25,800



At 31 January 2024

25,800



Amortisation


At 1 February 2023
12,900


Charge for the year on owned assets
4,300



At 31 January 2024

17,200



Net book value



At 31 January 2024
8,600



Page 5

 
RM MEATS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
304,439
-
55,214
1,147
360,800


Additions
8,408
8,333
-
-
16,741



At 31 January 2024

312,847
8,333
55,214
1,147
377,541



Depreciation


At 1 February 2023
106,787
-
20,648
801
128,236


Charge for the year on owned assets
13,709
2,083
5,185
114
21,091



At 31 January 2024

120,496
2,083
25,833
915
149,327



Net book value



At 31 January 2024
192,351
6,250
29,381
232
228,214


6.


Debtors

2024
2023
£
£


Trade debtors
222,402
258,763

Other debtors
461,876
317,419

684,278
576,182



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
98,794
42,253

98,794
42,253


Page 6

 
RM MEATS LTD
 
 
 
Notes to the financial statements
For the Year Ended 31 January 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,635
10,068

Trade creditors
227,425
189,084

Corporation tax
49,642
74,376

Other taxation and social security
7,462
2,554

Other creditors
18,962
14,153

Accruals and deferred income
1,900
1,900

314,026
292,135



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
16,212
23,415

16,212
23,415



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,635
10,068


8,635
10,068


Amounts falling due 2-5 years

Bank loans
16,212
23,415


16,212
23,415


24,847
33,483


 
Page 7