NORTHCOTE MEATS LTD

Company Registration Number:
13906926 (England and Wales)

Unaudited statutory accounts for the year ended 28 February 2024

Period of accounts

Start date: 1 March 2023

End date: 28 February 2024

NORTHCOTE MEATS LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

NORTHCOTE MEATS LTD

Directors' report period ended 28 February 2024

The directors present their report with the financial statements of the company for the period ended 28 February 2024

Principal activities of the company

The company is primarily concerned with the processing of meat products



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 28 February 2024

Richard Bostock


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
7 November 2024

And signed on behalf of the board by:
Name: Richard Bostock
Status: Director

NORTHCOTE MEATS LTD

Profit And Loss Account

for the Period Ended 28 February 2024

2024 13 months to 28 February 2023


£

£
Turnover: 3,823,584 1,361,099
Cost of sales: ( 2,740,825 ) ( 1,063,741 )
Gross profit(or loss): 1,082,759 297,358
Distribution costs: ( 71,501 ) ( 21,904 )
Administrative expenses: ( 908,389 ) ( 264,881 )
Operating profit(or loss): 102,869 10,573
Profit(or loss) before tax: 102,869 10,573
Tax: ( 17,662 ) ( 822 )
Profit(or loss) for the financial year: 85,207 9,751

NORTHCOTE MEATS LTD

Balance sheet

As at 28 February 2024

Notes 2024 13 months to 28 February 2023


£

£
Fixed assets
Tangible assets: 3 4,951,665 3,147,442
Total fixed assets: 4,951,665 3,147,442
Current assets
Stocks: 4 373,047 225,020
Debtors: 5 90,141 31,831
Cash at bank and in hand: 185,449 149,913
Total current assets: 648,637 406,764
Prepayments and accrued income: 27,547 11,370
Creditors: amounts falling due within one year: 6 ( 247,623 ) ( 162,471 )
Net current assets (liabilities): 428,561 255,663
Total assets less current liabilities: 5,380,226 3,403,105
Creditors: amounts falling due after more than one year: 7 ( 1,750,000 ) ( 875,035 )
Accruals and deferred income: ( 135,277 ) ( 63,329 )
Total net assets (liabilities): 3,494,949 2,464,741
Capital and reserves
Called up share capital: 1 1
Share premium account: 3,400,000 2,454,999
Profit and loss account: 94,948 9,741
Total Shareholders' funds: 3,494,949 2,464,741

The notes form part of these financial statements

NORTHCOTE MEATS LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 7 November 2024
and signed on behalf of the board by:

Name: Richard Bostock
Status: Director

The notes form part of these financial statements

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

  • 2. Employees

    2024 13 months to 28 February 2023
    Average number of employees during the period 9 4

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 2,917,000 189,512 35,270 3,968 13,900 3,159,650
Additions 1,105,450 834,212 31,040 37,840 2,008,542
Disposals
Revaluations
Transfers 1,238,000 808,200 429,800 0
At 28 February 2024 1,679,000 2,103,162 1,299,282 35,008 51,740 5,168,192
Depreciation
At 1 March 2023 5,565 4,409 496 1,738 12,208
Charge for year 122,245 63,445 8,628 10,001 204,319
On disposals
Other adjustments
At 28 February 2024 127,810 67,854 9,124 11,739 216,527
Net book value
At 28 February 2024 1,679,000 1,975,352 1,231,428 25,884 40,001 4,951,665
At 28 February 2023 2,917,000 183,947 30,861 3,472 12,162 3,147,442

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Stocks

2024 13 months to 28 February 2023
£ £
Stocks 373,047 225,020
Total 373,047 225,020

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Debtors

2024 13 months to 28 February 2023
£ £
Trade debtors 90,141 31,831
Total 90,141 31,831

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Creditors: amounts falling due within one year note

2024 13 months to 28 February 2023
£ £
Amounts due under finance leases and hire purchase contracts 30,200 58,000
Trade creditors 199,761 103,649
Taxation and social security 17,662 822
Total 247,623 162,471

NORTHCOTE MEATS LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Creditors: amounts falling due after more than one year note

2024 13 months to 28 February 2023
£ £
Other creditors 1,750,000 875,035
Total 1,750,000 875,035