Company registration number 13562720 (England and Wales)
Sandhams Quality Meats Ltd
UNAUDITED FINANCIAL STATEMENTS
for the Period ended 29 November 2023
PAGES FOR FILING WITH REGISTRAR
Sandhams Quality Meats Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Sandhams Quality Meats Ltd
Statement of financial position
as at 29 November 2023
29 November 2023
- 1 -
29 November 2023
30 August 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53,827
12,035
Current assets
Stocks
42,023
40,222
Debtors
6,647
171,296
Cash at bank and in hand
3,530
4,042
52,200
215,560
Creditors: amounts falling due within one year
(406,688)
(186,878)
Net current (liabilities)/assets
(354,488)
28,682
Total assets less current liabilities
(300,661)
40,717
Creditors: amounts falling due after more than one year
-
0
(1,470)
Provisions for liabilities
-
0
(3,009)
Net (liabilities)/assets
(300,661)
36,238
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(300,761)
36,138
Total equity
(300,661)
36,238
Sandhams Quality Meats Ltd
Statement of financial position (continued)
as at 29 November 2023
29 November 2023
- 2 -

For the financial Period ended 29 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 November 2024 and are signed on its behalf by:
M Sandham
Director
Company registration number 13562720 (England and Wales)
Sandhams Quality Meats Ltd
Notes to the financial statements
for the Period ended 29 November 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised on the supply of service to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
3 year straight line
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Sandhams Quality Meats Ltd
Notes to the financial statements (continued)
for the Period ended 29 November 2023
1
Accounting policies
(continued)
- 4 -
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2023
2022
Number
Number
Total
15
11
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 31 August 2022
12,798
292
1,610
14,700
Additions
56,968
-
0
283
57,251
At 29 November 2023
69,766
292
1,893
71,951
Depreciation and impairment
At 31 August 2022
2,207
33
425
2,665
Depreciation charged in the Period
14,631
81
747
15,459
At 29 November 2023
16,838
114
1,172
18,124
Carrying amount
At 29 November 2023
52,928
178
721
53,827
At 30 August 2022
10,591
259
1,185
12,035

Included within the net book value of £53,827 is £5,217 relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £2,371.

4
Company information

Sandhams Quality Meats Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Riby Street, Grimsby, North East Lincolnshire, United Kingdom, DN31 3HF.

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