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REGISTERED NUMBER: 06916246 (England and Wales)













Financial Statements

for the Year Ended 30 June 2024

for

Spelman Butchers Limited

Spelman Butchers Limited (Registered number: 06916246)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Spelman Butchers Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr S N Spelman
Mrs L Spelman



SECRETARY: Mrs L Spelman



REGISTERED OFFICE: 5 Avenue Clamart
SCUNTHORPE
North Lincolnshire
DN15 8EQ



REGISTERED NUMBER: 06916246 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Natwest Bank Plc
119 High Street
SCUNTHORPE
North Lincolnshire
DN15 6LT

Spelman Butchers Limited (Registered number: 06916246)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 70,396 80,252
70,396 80,252

CURRENT ASSETS
Stocks 12,500 10,000
Debtors 9,559 39,389
Cash at bank and in hand 381,573 294,838
403,632 344,227
CREDITORS
Amounts falling due within one year 186,046 195,305
NET CURRENT ASSETS 217,586 148,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,982

229,174

PROVISIONS FOR LIABILITIES 13,376 15,248
NET ASSETS 274,606 213,926

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 274,506 213,826
SHAREHOLDERS' FUNDS 274,606 213,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Spelman Butchers Limited (Registered number: 06916246)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 December 2024 and were signed on its behalf by:





Mr S N Spelman - Director


Spelman Butchers Limited (Registered number: 06916246)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Spelman 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 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 2009, is being amortised evenly over its estimated useful life of ten 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.
Short leasehold - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Spelman Butchers Limited (Registered number: 06916246)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

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 - 9 ) .

Spelman Butchers Limited (Registered number: 06916246)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 34,992
AMORTISATION
At 1 July 2023
and 30 June 2024 34,992
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 222,468
Additions 4,646
At 30 June 2024 227,114
DEPRECIATION
At 1 July 2023 142,216
Charge for year 14,502
At 30 June 2024 156,718
NET BOOK VALUE
At 30 June 2024 70,396
At 30 June 2023 80,252

6. RELATED PARTY DISCLOSURES

Included within creditors is an amount owed to the directors Mr S N and Mrs L Spelman of £155,039 (2023: £164,971) this amount is unsecured and interest free.