IRIS Accounts Production v24.2.0.383 04145806 director 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041458062023-01-31041458062024-01-31041458062023-02-012024-01-31041458062022-01-31041458062022-02-012023-01-31041458062023-01-3104145806ns15:EnglandWales2023-02-012024-01-3104145806ns14:PoundSterling2023-02-012024-01-3104145806ns10:Director12023-02-012024-01-3104145806ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104145806ns10:SmallEntities2023-02-012024-01-3104145806ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104145806ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104145806ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104145806ns10:FullAccounts2023-02-012024-01-310414580612023-02-012024-01-3104145806ns10:RegisteredOffice2023-02-012024-01-3104145806ns5:CurrentFinancialInstruments2024-01-3104145806ns5:CurrentFinancialInstruments2023-01-3104145806ns5:Non-currentFinancialInstruments2024-01-3104145806ns5:Non-currentFinancialInstruments2023-01-3104145806ns5:ShareCapital2024-01-3104145806ns5:ShareCapital2023-01-3104145806ns5:RetainedEarningsAccumulatedLosses2024-01-3104145806ns5:RetainedEarningsAccumulatedLosses2023-01-3104145806ns5:NetGoodwill2023-02-012024-01-3104145806ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3104145806ns5:PlantMachinery2023-02-012024-01-3104145806ns5:NetGoodwill2023-01-3104145806ns5:NetGoodwill2024-01-3104145806ns5:NetGoodwill2023-01-3104145806ns5:LandBuildings2023-01-3104145806ns5:PlantMachinery2023-01-3104145806ns5:LandBuildings2023-02-012024-01-3104145806ns5:LandBuildings2024-01-3104145806ns5:PlantMachinery2024-01-3104145806ns5:LandBuildings2023-01-3104145806ns5:PlantMachinery2023-01-3104145806ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3104145806ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-02-012024-01-3104145806ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-01-3104145806ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-3104145806ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3104145806ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3104145806ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3104145806ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-01-3104145806ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-3104145806ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-01-3104145806ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3104145806ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3104145806ns5:Secured2024-01-3104145806ns5:Secured2023-01-31
REGISTERED NUMBER: 04145806 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

MIKE WILSON BUTCHERS LIMITED

MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


MIKE WILSON BUTCHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: M Wilson





REGISTERED OFFICE: 1 Market Place
Patrington
Hull
E. Yorks
HU12 0RA





REGISTERED NUMBER: 04145806 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 148,243 153,806
148,243 153,806

CURRENT ASSETS
Stocks 4,123 4,171
Debtors 6 2,796 1,279
Cash at bank 25,815 30,854
32,734 36,304
CREDITORS
Amounts falling due within one year 7 46,266 55,351
NET CURRENT LIABILITIES (13,532 ) (19,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,711

134,759

CREDITORS
Amounts falling due after more than
one year

8

(66,439

)

(69,111

)

PROVISIONS FOR LIABILITIES (2,031 ) (3,075 )
NET ASSETS 66,241 62,573

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,141 62,473
SHAREHOLDERS' FUNDS 66,241 62,573

MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

BALANCE SHEET - continued
31 JANUARY 2024


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 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 27 October 2024 and were signed by:





M Wilson - Director


MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

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

1. STATUTORY INFORMATION

Mike Wilson Butchers Limited 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 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 2001, is being amortised evenly over its estimated useful life of ten 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost and 20% on cost

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 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.


MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 24,000
AMORTISATION
At 1 February 2023
and 31 January 2024 24,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 136,366 45,551 181,917
Disposals - (13,600 ) (13,600 )
At 31 January 2024 136,366 31,951 168,317
DEPRECIATION
At 1 February 2023 - 28,111 28,111
Charge for year - 5,563 5,563
Eliminated on disposal - (13,600 ) (13,600 )
At 31 January 2024 - 20,074 20,074
NET BOOK VALUE
At 31 January 2024 136,366 11,877 148,243
At 31 January 2023 136,366 17,440 153,806

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machiner
etc
£   
COST
At 1 February 2023
and 31 January 2024 11,500
DEPRECIATION
At 1 February 2023 2,492
Charge for year 2,300
At 31 January 2024 4,792
NET BOOK VALUE
At 31 January 2024 6,708
At 31 January 2023 9,008

MIKE WILSON BUTCHERS LIMITED (REGISTERED NUMBER: 04145806)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
PAYE 637 -
VAT 1,288 922
Prepayments and accrued income 871 357
2,796 1,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,330
Hire purchase contracts 3,424 6,152
Trade creditors 1,076 1,040
Tax 4,717 4,858
Social security and other taxes 80 461
Other creditors - 2
Director's current account 33,383 38,985
Accruals and deferred income 586 523
46,266 55,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 3,000 3,497
Bank loans - 2-5 years 9,000 11,579
Bank loans more 5 yr by instal 54,439 54,035
66,439 69,111

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 54,439 54,035

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 69,439 72,441

The bank loan is secured with a fixed and floating charge over all property of the company.