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REGISTERED NUMBER: 04663561 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 29 February 2024

for

Williamsons Family Butchers Limited

Williamsons Family Butchers Limited (Registered number: 04663561)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Williamsons Family Butchers Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: S Williamson





REGISTERED OFFICE: 129 St. Johns Road
Waterloo
Liverpool
Merseyside
L22 9QE





REGISTERED NUMBER: 04663561 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Williamsons Family Butchers Limited (Registered number: 04663561)

Report of the Director
for the Year Ended 29 February 2024

The director presents his report with the financial statements of the company for the year ended 29 February 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a butcher.

DIRECTOR
S Williamson held office during the whole of the period from 1 March 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S Williamson - Director


25 November 2024

Williamsons Family Butchers Limited (Registered number: 04663561)

Income Statement
for the Year Ended 29 February 2024

29.2.24 28.2.23
Notes £    £   

TURNOVER 713,613 613,558

Cost of sales 562,881 527,498
GROSS PROFIT 150,732 86,060

Administrative expenses 131,435 110,918
19,297 (24,858 )

Other operating income 7,075 7,445
Gain/loss on revaluation of tangible assets - (12,962 )
OPERATING PROFIT/(LOSS) 4 26,372 (30,375 )

Interest receivable and similar income 18 14
26,390 (30,361 )

Interest payable and similar expenses 8,429 4,961
PROFIT/(LOSS) BEFORE TAXATION 17,961 (35,322 )

Tax on profit/(loss) 1,348 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

16,613

(35,322

)

Williamsons Family Butchers Limited (Registered number: 04663561)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 229,738 239,277

CURRENT ASSETS
Stocks 7,500 7,800
Debtors 6 35,449 29,598
Cash at bank and in hand 13,475 7,492
56,424 44,890
CREDITORS
Amounts falling due within one year 7 121,484 138,032
NET CURRENT LIABILITIES (65,060 ) (93,142 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,678

146,135

CREDITORS
Amounts falling due after more than one
year

8

109,630

91,200
NET ASSETS 55,048 54,935

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,948 54,835
SHAREHOLDERS' FUNDS 55,048 54,935

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 his 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.

Williamsons Family Butchers Limited (Registered number: 04663561)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





S Williamson - Director


Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Williamsons 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% 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 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.

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 9 (2023 - 7 ) .

Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging:

29.2.24 28.2.23
£    £   
Depreciation - owned assets 9,913 13,093

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 200,000 82,597 282,597
Additions - 374 374
At 29 February 2024 200,000 82,971 282,971
DEPRECIATION
At 1 March 2023 - 43,320 43,320
Charge for year - 9,913 9,913
At 29 February 2024 - 53,233 53,233
NET BOOK VALUE
At 29 February 2024 200,000 29,738 229,738
At 28 February 2023 200,000 39,277 239,277

Cost or valuation at 29 February 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 36,364 - 36,364
Valuation in 2021 37,500 - 37,500
Valuation in 2022 1,837 - 1,837
Valuation in 2023 (12,962 ) - (12,962 )
Cost 137,261 82,971 220,232
200,000 82,971 282,971

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 137,261 137,261

Freehold land and buildings were valued on an open market basis on 29 February 2024 by S Williamson (Director) .

Williamsons Family Butchers Limited (Registered number: 04663561)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 32,380 27,483
Other debtors 3,069 2,115
35,449 29,598

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 13,509 24,656
Hire purchase contracts 3,457 3,457
Trade creditors 66,835 59,952
Taxation and social security 1,552 663
Other creditors 36,131 49,304
121,484 138,032

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 102,140 80,253
Hire purchase contracts 7,490 10,947
109,630 91,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 85,549 56,460