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REGISTERED NUMBER: 06160410 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Charters Butchers Limited

Charters Butchers Limited (Registered number: 06160410)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Charters Butchers Limited

Company Information
for the Year Ended 31 March 2024







Director: Ms S L Charter





Registered office: 5 South Street
Leven
Beverley
East Yorkshire
HU17 5NX





Registered number: 06160410 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

Charters Butchers Limited (Registered number: 06160410)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 256,785 236,764
256,785 236,764

CURRENT ASSETS
Stocks 8,000 9,676
Debtors 6 2,472 16,702
Cash at bank and in hand 8,918 1,572
19,390 27,950
CREDITORS
Amounts falling due within one year 7 59,600 60,012
NET CURRENT LIABILITIES (40,210 ) (32,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,575

204,702

CREDITORS
Amounts falling due after more than one
year

8

(189,363

)

(189,272

)

PROVISIONS FOR LIABILITIES 9 (10,359 ) (6,555 )
NET ASSETS 16,853 8,875

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 16,753 8,775
SHAREHOLDERS' FUNDS 16,853 8,875

Charters Butchers Limited (Registered number: 06160410)

Balance Sheet - continued
31 March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 November 2024 and were signed by:





Ms S L Charter - Director


Charters Butchers Limited (Registered number: 06160410)

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

1. STATUTORY INFORMATION

Charters 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 2006, 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 each asset over its estimated useful life.
Freehold property - No depreciation charged
Equipment - 25% on cost, 10% on cost and 10% 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 Statement of Income and Retained Earnings, 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.


Charters Butchers Limited (Registered number: 06160410)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 96,408
AMORTISATION
At 1 April 2023
and 31 March 2024 96,408
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Charters Butchers Limited (Registered number: 06160410)

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

5. TANGIBLE FIXED ASSETS
Freehold
property Equipment Totals
£    £    £   
COST
At 1 April 2023 202,264 137,658 339,922
Additions - 28,461 28,461
At 31 March 2024 202,264 166,119 368,383
DEPRECIATION
At 1 April 2023 - 103,158 103,158
Charge for year - 8,440 8,440
At 31 March 2024 - 111,598 111,598
NET BOOK VALUE
At 31 March 2024 202,264 54,521 256,785
At 31 March 2023 202,264 34,500 236,764

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,363 13,035
VAT 1,109 3,667
2,472 16,702

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,933 14,869
Hire purchase contracts 2,200 -
Trade creditors 20,422 26,218
Corporation tax 413 1,708
Social security and other taxes 2,086 1,741
Other creditors 4,105 794
Directors' current accounts 10,066 12,682
Accrued expenses 2,375 2,000
59,600 60,012

Charters Butchers Limited (Registered number: 06160410)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 17,892 14,869
Bank loans - 2-5 years 26,176 27,749
Bank loans due after more than 5 years 63,645 86,654
Hire purchase contracts 1,650 -
Directors' loan accounts 80,000 60,000
189,363 189,272

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than 5 years 63,645 86,654

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,359 6,555

Deferred
tax
£   
Balance at 1 April 2023 6,555
Provided during year 3,804
Balance at 31 March 2024 10,359

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100