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REGISTERED NUMBER: 11253760 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Medstead Meats Ltd

Medstead Meats Ltd (Registered number: 11253760)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Medstead Meats Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs J Sole
Mrs E L Voice





REGISTERED OFFICE: The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA





REGISTERED NUMBER: 11253760 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
The Old Stables
Sutton Manor Farm
Bishops Sutton
Alresford
Hampshire
SO24 0AA

Medstead Meats Ltd (Registered number: 11253760)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,568 35,076
48,568 35,076

CURRENT ASSETS
Stocks 7,828 8,163
Debtors 6 27,828 18,346
Cash at bank and in hand 25,718 84,594
61,374 111,103
CREDITORS
Amounts falling due within one year 7 47,796 76,309
NET CURRENT ASSETS 13,578 34,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,146

69,870

CREDITORS
Amounts falling due after more than one
year

8

(9,839

)

(29,900

)

PROVISIONS FOR LIABILITIES (9,228 ) -
NET ASSETS 43,079 39,970

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 43,069 39,960
43,079 39,970

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Medstead Meats Ltd (Registered number: 11253760)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:





Mrs J Sole - Director


Medstead Meats Ltd (Registered number: 11253760)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Medstead Meats 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 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 2019, is being amortised evenly over its estimated useful life of five 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 each asset over its estimated useful life.
Plant and machinery - 25% reducing balance basis
Computer equipment - 25% reducing balance basis

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.

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.

Medstead Meats Ltd (Registered number: 11253760)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 84,735
AMORTISATION
At 1 July 2023
and 30 June 2024 84,735
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 84,622 4,250 5,280 94,152
Additions 26,000 2,933 749 29,682
At 30 June 2024 110,622 7,183 6,029 123,834
DEPRECIATION
At 1 July 2023 52,412 3,056 3,608 59,076
Charge for year 14,553 1,032 605 16,190
At 30 June 2024 66,965 4,088 4,213 75,266
NET BOOK VALUE
At 30 June 2024 43,657 3,095 1,816 48,568
At 30 June 2023 32,210 1,194 1,672 35,076

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,754 14,748
VAT 5,074 3,598
27,828 18,346

Medstead Meats Ltd (Registered number: 11253760)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,048 -
Trade creditors 3,839 7,151
Tax 5,593 15,453
Social security and other taxes 1,740 2,218
Other creditors 501 575
Directors' current accounts 24,100 49,100
Accrued expenses 1,975 1,812
47,796 76,309

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,839 29,900