Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Intangible assets | 3 | ||||||
Tangible assets | 4 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 5 | ||||||
Investments held as current assets | 6 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 7 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Provisions for liabilities | ( |
- | |||||
Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | |||||||
Shareholders' funds | |||||||
Mr Michael Ashton | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. |
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Intangible fixed assets - goodwill | ||||||||
Tangible fixed assets | ||||||||
Plant and machinery | 25% straight line | |||||||
Motor vehicles | 20% straight line | |||||||
Stocks | ||||||||
Debtors | ||||||||
Creditors | ||||||||
Taxation | ||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions | ||||||||
Leased assets | ||||||||
The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
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Pensions | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Intangible fixed assets | £ | ||||||
Goodwill: | ||||||||
Cost | ||||||||
At 1 April 2023 | ||||||||
At 31 March 2024 | ||||||||
Amortisation | ||||||||
At 1 April 2023 | ||||||||
Provided during the year | ||||||||
At 31 March 2024 | ||||||||
Net book value | ||||||||
At 31 March 2024 | ||||||||
At 31 March 2023 | ||||||||
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. | ||||||||
4 | Tangible fixed assets | |||||||
Plant and machinery etc | Motor vehicles | Total | ||||||
Cost | £ | £ | £ | |||||
At 1 April 2023 | ||||||||
Additions | ||||||||
Disposals | - | ( |
( |
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At 31 March 2024 | ||||||||
Depreciation | ||||||||
At 1 April 2023 | ||||||||
Charge for the year | ||||||||
On disposals | - | ( |
( |
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At 31 March 2024 | ||||||||
Net book value | ||||||||
At 31 March 2024 | ||||||||
At 31 March 2023 | ||||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Trade debtors | ||||||||
Amounts owed by group undertakings and undertakings in which the company has a participating interest | - | |||||||
Deferred tax asset | - | |||||||
Other debtors | ||||||||
6 | Investments held as current assets | 2024 | 2023 | |||||
£ | £ | |||||||
Fair value | ||||||||
Unlisted investments | 2 | 2 | ||||||
7 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Trade creditors | ||||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | ( |
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Taxation and social security costs | ||||||||
Other creditors | ||||||||
8 | Other financial commitments | 2024 | 2023 | |||||
£ | £ | |||||||
Total future minimum payments under non-cancellable operating leases | ||||||||
9 | Controlling party | |||||||
10 | Other information | |||||||
Hedges Butchers Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
2 Hinksey Court | ||||||||
Church Way | ||||||||
Oxford | ||||||||
OX2 9SX |