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REGISTERED NUMBER: 04338935 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

D. W. WILSON (FAMILY BUTCHERS) LTD

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. W. WILSON (FAMILY BUTCHERS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: David Ward Wilson
Andrew Hewitt
Victoria Mary Little





REGISTERED OFFICE: Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG





REGISTERED NUMBER: 04338935 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 216,415 197,196
216,415 197,196

CURRENT ASSETS
Stocks 10,857 10,475
Debtors 6 11,016 10,580
Cash at bank and in hand 104,634 105,561
126,507 126,616
CREDITORS
Amounts falling due within one year 7 144,621 153,648
NET CURRENT LIABILITIES (18,114 ) (27,032 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,301

170,164

CREDITORS
Amounts falling due after more than
one year

8

(6,536

)

(10,362

)

PROVISIONS FOR LIABILITIES (21,407 ) (12,524 )
NET ASSETS 170,358 147,278

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 170,258 147,178
SHAREHOLDERS' FUNDS 170,358 147,278

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

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

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

BALANCE SHEET - continued
31 JANUARY 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 22 October 2024 and were signed on its behalf by:





David Ward Wilson - Director


D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

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

1. STATUTORY INFORMATION

D. W. Wilson (Family Butchers) 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
Turnover is the amount derived from ordinary activities and is stated after trade discounts, other sales taxes and VAT.

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.
Freehold property - 5% on reducing balance
Fixtures, fittings & equipment - 20% on reducing balance and 15% on reducing balance
Motor vehicles - 25% 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 Profit and Loss Account, 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.

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 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.

FINANCE COST OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

INCOME RECOGNITION
Income is recognised when services and goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 7,250
AMORTISATION
At 1 February 2023
and 31 January 2024 7,250
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

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

5. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings Motor
property & equipment vehicles Totals
£    £    £    £   
COST
At 1 February 2023 147,893 180,614 41,840 370,347
Additions - 6,160 47,784 53,944
Disposals - - (21,000 ) (21,000 )
At 31 January 2024 147,893 186,774 68,624 403,291
DEPRECIATION
At 1 February 2023 16,611 130,150 26,390 173,151
Charge for year 496 10,556 11,861 22,913
Eliminated on disposal - - (9,188 ) (9,188 )
At 31 January 2024 17,107 140,706 29,063 186,876
NET BOOK VALUE
At 31 January 2024 130,786 46,068 39,561 216,415
At 31 January 2023 131,282 50,464 15,450 197,196

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,900 4,484
Social security and other taxes 4,212 6,096
Other debtors 904 -
11,016 10,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,144 4,144
Trade creditors 31,145 37,513
Corporation tax 9,692 7,346
Social security and other taxes 2,491 2,270
Other creditors 743 684
Directors' loan accounts 96,406 101,691
144,621 153,648

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,536 10,362

D. W. WILSON (FAMILY BUTCHERS) LTD (REGISTERED NUMBER: 04338935)

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

9. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the pension scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund which amounted to £16,410 (2023 £13,677). Contributions totalling £264 (2023 £246) were payable to the fund at the year end and are included in creditors.

10. OTHER FINANCIAL COMMITMENTS

The bounce bank loan is unsecured but guaranteed by the government.

11. RELATED PARTY DISCLOSURES

Creditors falling due within one year include the directors' loan owed of £96,406 (2023 £101,691).