01 November 2023 31 October 2024 No principle activity is included 14418308 2023-11-01 14418308 2024-10-31 14418308 2023-11-01 2024-10-31 14418308 2023-10-31 14418308 2022-11-01 2023-10-31 14418308 uk-core:WithinOneYear 2024-10-31 14418308 uk-core:WithinOneYear 2023-10-31 14418308 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 14418308 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 14418308 uk-bus:RegisteredOffice 2023-11-01 2024-10-31 14418308 uk-curr:PoundSterling 2023-11-01 2024-10-31 14418308 uk-core:WithinOneYear 2023-11-01 2024-10-31 14418308 uk-bus:FRS102 2023-11-01 2024-10-31 14418308 uk-bus:FullAccounts 2023-11-01 2024-10-31 14418308 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14418308 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  BUTLER LEAF LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 OCTOBER 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  BUTLER LEAF LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
       
  DIRECTOR
  Mrs K Hunt
       
       
       
  REGISTERED OFFICE
       
  21 Thw Paddocks
Herne Bay
CT6 6QX
       
       
  COMPANY REGISTERED NUMBER
       
  14418308
       
       
  BANKERS
       
  Nastional Westminster Bank plc
       
       
  ACCOUNTANTS
       
  L D Bradley International Accountants
  Intertnational Accountants
  21 The Paddocks, Beltinge, Herne Bay, Kent. CT6 6QX
       
       
  CONTENTS
       
  Pages
       
  2-3 Abridged Statement of Financial Position  
       
  4-7 Notes to the Financial Statements  
       
     
  page 1
  BUTLER LEAF LTD
  Company registered number: 14418308
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 October 2024
           
    Note 2024 2023
      £ £ £
  CURRENT ASSETS
  Debtors   11,967 -
  Cash at bank and in hand   47,495 133,163
      59,462 133,163
  CREDITORS: Amounts falling due within one year 3 3,967 38,850
  NET CURRENT ASSETS   55,495 94,313
  NET ASSETS   £55,495 £94,313
       
  CAPITAL AND RESERVES
  Retained earnings   55,495 94,313
  SHAREHOLDERS' FUNDS   £55,495 £94,313
       
  page 2
  BUTLER LEAF LTD
  Company registered number: 14418308
  ABRIDGED STATEMENT OF FINANCIAL POSITION AT 31 October 2024 (CONT.)
           
       
       
  In approving these financial statements as director of the company I hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
       
  These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies
       
  All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 October 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 and authorised for issue by the board of directors on 06 January 2025
 
  Signed on behalf of the board of directors
 
 
       
  Mrs K Hunt, Director
       
       
  page 3
  BUTLER LEAF LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Butler Leaf Ltd is a Limited incorporated in the UK.
         
  Registered office:
  21 Thw Paddocks
Herne Bay
CT6 6QX
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 November 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
  page 4
  BUTLER LEAF LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
         
1k. Foreign currencies
         
  Transactions in foreign currencies are initially recorded in the entity’s functional currency by applying the spot exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
         
  page 5
  BUTLER LEAF LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1l. Employee benefits
         
  The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.
         
         
1m. Discontinued operations
         
  A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.
         
         
1n. Provisions
         
  Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
         
         
1o. Judgements and key sources of estimation uncertainty
         
  In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
         
 
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
    No. No.
    2 2
   
  page 6
  BUTLER LEAF LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 OCTOBER 2024
       
       
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Corporation tax - 26,921
  Other taxes and social security - 2,464
  Other creditors 3,967 9,465
    £3,967 £38,850
   
  The company has granted a floating charge on all its assets to secure bank overdrafts of £100,000 (2023 -£75,000).
  page 7