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REGISTERED NUMBER: 10030901 (England and Wales)

















Melbourne Butchers and Bakery Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






Melbourne Butchers and Bakery Limited (Registered number: 10030901)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Melbourne Butchers and Bakery Limited

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTOR: Mrs G Dee





REGISTERED OFFICE: Melbourne House
Main Street
Roos
East Yorkshire
HU12 0HB





REGISTERED NUMBER: 10030901 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Melbourne Butchers and Bakery Limited (Registered number: 10030901)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 23,967 22,416
23,967 22,416

CURRENT ASSETS
Stocks 6 4,300 4,100
Debtors 7 2,703 14,527
Cash at bank and in hand 204,319 97,128
211,322 115,755
CREDITORS
Amounts falling due within one year 8 75,027 27,683
NET CURRENT ASSETS 136,295 88,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,262

110,488

PROVISIONS FOR LIABILITIES 5,273 4,259
NET ASSETS 154,989 106,229

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 154,985 106,225
154,989 106,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:




Mrs G Dee - Director


Melbourne Butchers and Bakery Limited (Registered number: 10030901)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Melbourne Butchers and Bakery 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 2016, 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

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.

Melbourne Butchers and Bakery Limited (Registered number: 10030901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 41,000
AMORTISATION
At 1 March 2023
and 29 February 2024 41,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 30,536 14,114 1,434 46,084
Additions 7,935 - - 7,935
Disposals (333 ) - - (333 )
At 29 February 2024 38,138 14,114 1,434 53,686
DEPRECIATION
At 1 March 2023 14,405 7,829 1,434 23,668
Charge for year 4,813 1,571 - 6,384
Eliminated on disposal (333 ) - - (333 )
At 29 February 2024 18,885 9,400 1,434 29,719
NET BOOK VALUE
At 29 February 2024 19,253 4,714 - 23,967
At 28 February 2023 16,131 6,285 - 22,416

6. STOCKS
2024 2023
£    £   
Stocks 4,300 4,100

Melbourne Butchers and Bakery Limited (Registered number: 10030901)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 11,896
VAT 1,483 1,780
Prepayments 1,220 851
2,703 14,527

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,345 10,222
Tax 20,183 13,111
Social security and other taxes 1,153 1,014
Other creditors 79 78
Directors' current accounts 39,848 -
Accruals 5,419 3,258
75,027 27,683

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Mrs G Dee
Balance outstanding at start of year 11,896 -
Amounts advanced - 11,896
Amounts repaid (11,896 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 11,896

The directors loan account was repaid in full on 13th March 2023.