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REGISTERED NUMBER: 01966677 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Frank Parker (Butchers) Limited

Frank Parker (Butchers) Limited (Registered number: 01966677)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frank Parker (Butchers) Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: F G Parker
Mrs P C Parker
J Parker
T F Parker
B F Parker
Miss H A Parker
G W Parker





SECRETARY: Mrs P C Parker





REGISTERED OFFICE: 33 Abbey Green
Nuneaton
Warwickshire
CV11 5DT





REGISTERED NUMBER: 01966677 (England and Wales)





ACCOUNTANTS: Gopsall Services Limited
4 HRFC Business Centre
Leicester Road
Hinckley
Leicestershire
LE10 3DR

Frank Parker (Butchers) Limited (Registered number: 01966677)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 526,716 543,727
526,716 543,727

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 6 127,308 8,640
Cash at bank and in hand 88,918 77,441
221,226 91,081
CREDITORS
Amounts falling due within one year 7 195,783 151,331
NET CURRENT ASSETS/(LIABILITIES) 25,443 (60,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,159

483,477

PROVISIONS FOR LIABILITIES 35,169 43,018
NET ASSETS 516,990 440,459

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 516,790 440,259
SHAREHOLDERS' FUNDS 516,990 440,459

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

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

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 14 August 2024 and were signed on its behalf by:



F G Parker - Director


Frank Parker (Butchers) Limited (Registered number: 01966677)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Frank Parker (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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Fixtures and fittings - 15% on reducing balance and 4% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

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.

Frank Parker (Butchers) Limited (Registered number: 01966677)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. The goodwill is considered to have a finite useful life which has expired and it has therefore been written off to the profit an loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 500
AMORTISATION
At 1 June 2023
and 31 May 2024 500
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 466,541 650,429 38,800 2,473 1,158,243
Additions - 64,099 - - 64,099
Disposals - (153,764 ) - (1,488 ) (155,252 )
At 31 May 2024 466,541 560,764 38,800 985 1,067,090
DEPRECIATION
At 1 June 2023 126,864 458,808 26,809 2,035 614,516
Charge for year 16,424 26,008 2,998 88 45,518
Eliminated on disposal - (118,172 ) - (1,488 ) (119,660 )
At 31 May 2024 143,288 366,644 29,807 635 540,374
NET BOOK VALUE
At 31 May 2024 323,253 194,120 8,993 350 526,716
At 31 May 2023 339,677 191,621 11,991 438 543,727

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 127,308 8,640

Frank Parker (Butchers) Limited (Registered number: 01966677)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 182,939 127,212
Other creditors 12,844 24,119
195,783 151,331

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary (B) 1 100 100
100 Ordinary (C-I) 1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 June 2023 440,259
Profit for the year 522,181
Dividends (445,650 )
At 31 May 2024 516,790

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J Parker
Balance outstanding at start of year (1,066 ) (1,068 )
Amounts advanced 168,393 131,847
Amounts repaid (107,350 ) (131,845 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,977 (1,066 )

T F Parker
Balance outstanding at start of year (4,219 ) (4,221 )
Amounts advanced 148,394 131,847
Amounts repaid (107,350 ) (131,845 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 36,825 (4,219 )

Frank Parker (Butchers) Limited (Registered number: 01966677)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

G W Parker
Balance outstanding at start of year (1,507 ) (1,509 )
Amounts advanced 89,131 66,779
Amounts repaid (68,650 ) (66,777 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,974 (1,507 )