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REGISTERED NUMBER: 07559789 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WILTON FAMILY BUTCHERS LIMITED
TRADING AS
PETER MORRIS BUTCHERS

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS






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


WILTON FAMILY BUTCHERS LIMITED
TRADING AS PETER MORRIS BUTCHERS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D H Wilton
K E Wilton





REGISTERED OFFICE: Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD





REGISTERED NUMBER: 07559789 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,193 66,205
31,193 66,205

CURRENT ASSETS
Stocks 4,500 3,500
Debtors 6 24,039 17,507
Cash at bank and in hand 30,702 18,147
59,241 39,154
CREDITORS
Amounts falling due within one year 7 39,853 42,435
NET CURRENT ASSETS/(LIABILITIES) 19,388 (3,281 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,581

62,924

CREDITORS
Amounts falling due after more than one
year

8

(19,521

)

(32,301

)

PROVISIONS FOR LIABILITIES (5,042 ) (3,709 )
NET ASSETS 26,018 26,914

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 25,918 26,814
SHAREHOLDERS' FUNDS 26,018 26,914

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 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.

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

BALANCE SHEET - continued
31 MARCH 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 22 November 2024 and were signed on its behalf by:




D H Wilton - Director



K E Wilton - Director


WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Wilton Family 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 represents sales of meat and related butchery products net of VAT and any trade discounts. Income is recognised when the goods are physically received by the customers.

Goodwill
Goodwill, being the amount valued in connection with the incorporation of a business in 2011, has been amortised evenly over its estimated useful life of 10 years. 10 years beings the director's estimation of useful life, based upon the business being previously built up.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipmt - Straight line over 3 years

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.


WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 80,000
AMORTISATION
At 1 April 2023
and 31 March 2024 80,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
Land machinery fittings
£    £    £   
COST
At 1 April 2023 46,685 8,318 14,045
Additions - - -
Disposals (46,685 ) - -
At 31 March 2024 - 8,318 14,045
DEPRECIATION
At 1 April 2023 - 3,213 11,561
Charge for year - 765 372
Eliminated on disposal - - -
At 31 March 2024 - 3,978 11,933
NET BOOK VALUE
At 31 March 2024 - 4,340 2,112
At 31 March 2023 46,685 5,105 2,484

Motor Office
vehicles equipmt Totals
£    £    £   
COST
At 1 April 2023 24,449 375 93,872
Additions 30,995 - 30,995
Disposals (13,250 ) - (59,935 )
At 31 March 2024 42,194 375 64,932
DEPRECIATION
At 1 April 2023 12,518 375 27,667
Charge for year 8,248 - 9,385
Eliminated on disposal (3,313 ) - (3,313 )
At 31 March 2024 17,453 375 33,739
NET BOOK VALUE
At 31 March 2024 24,741 - 31,193
At 31 March 2023 11,931 - 66,205

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,995
At 31 March 2024 30,995
DEPRECIATION
Charge for year 7,749
At 31 March 2024 7,749
NET BOOK VALUE
At 31 March 2024 23,246

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,358 11,372
Other debtors 12,681 6,135
24,039 17,507

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,000 6,802
Hire purchase contracts 2,614 -
Trade creditors 6,603 6,009
Corporation tax 149 9,925
Social security and other taxes 419 681
Other creditors 48 48
Directors' current accounts 24,400 17,702
Accrued expenses 1,620 1,268
39,853 42,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loan 5,333 32,301
Hire purchase contracts 14,188 -
19,521 32,301

WILTON FAMILY BUTCHERS LIMITED (REGISTERED NUMBER: 07559789)
TRADING AS PETER MORRIS BUTCHERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 9,333 39,103
Hire purchase contracts 16,802 -
26,135 39,103

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company paid rent of £9,000 to Mr D H Wilton and Mr K E Wilton in respect of business property owned by them personally.

11. ULTIMATE CONTROLLING PARTY

During the period, the company was controlled by Mr D H Wilton and Mr K E Wilton, by virtue of the fact that, they owned 100% of the company's issued Ordinary share capital.

12. CHARGE

A fixed and floating charge has been placed on the company's assets by NatWest bank for security on the finance obligations of the company directors.