Caseware UK (AP4) 2023.0.135 2023.0.135 2024-10-312024-10-3152023-11-01false6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10563697 2023-11-01 2024-10-31 10563697 2022-11-01 2023-10-31 10563697 2024-10-31 10563697 2023-10-31 10563697 c:Director1 2023-11-01 2024-10-31 10563697 c:Director2 2023-11-01 2024-10-31 10563697 c:Director3 2023-11-01 2024-10-31 10563697 d:Buildings d:ShortLeaseholdAssets 2023-11-01 2024-10-31 10563697 d:Buildings d:ShortLeaseholdAssets 2024-10-31 10563697 d:Buildings d:ShortLeaseholdAssets 2023-10-31 10563697 d:PlantMachinery 2023-11-01 2024-10-31 10563697 d:PlantMachinery 2024-10-31 10563697 d:PlantMachinery 2023-10-31 10563697 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10563697 d:MotorVehicles 2023-11-01 2024-10-31 10563697 d:FurnitureFittings 2023-11-01 2024-10-31 10563697 d:FurnitureFittings 2024-10-31 10563697 d:FurnitureFittings 2023-10-31 10563697 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10563697 d:OfficeEquipment 2023-11-01 2024-10-31 10563697 d:OfficeEquipment 2024-10-31 10563697 d:OfficeEquipment 2023-10-31 10563697 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10563697 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 10563697 d:CurrentFinancialInstruments 2024-10-31 10563697 d:CurrentFinancialInstruments 2023-10-31 10563697 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 10563697 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 10563697 d:ShareCapital 2024-10-31 10563697 d:ShareCapital 2023-10-31 10563697 d:RetainedEarningsAccumulatedLosses 2024-10-31 10563697 d:RetainedEarningsAccumulatedLosses 2023-10-31 10563697 c:FRS102 2023-11-01 2024-10-31 10563697 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10563697 c:FullAccounts 2023-11-01 2024-10-31 10563697 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 10563697










LMT MEATS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
LMT MEATS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6

 
LMT MEATS LIMITED
REGISTERED NUMBER: 10563697

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
508
657

Current assets
  

Stocks
  
30,445
23,334

Debtors: amounts falling due within one year
 5 
8,411
12,468

Cash at bank and in hand
  
107,937
92,433

  
146,793
128,235

Creditors: amounts falling due within one year
 6 
(144,070)
(113,572)

Net current assets
  
 
 
2,723
 
 
14,663

Total assets less current liabilities
  
3,231
15,320

Provisions for liabilities
  

Deferred tax
  
(200)
(200)

Net assets
  
3,031
15,120


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
3,028
15,117

  
3,031
15,120

Page 1

 
LMT MEATS LIMITED
REGISTERED NUMBER: 10563697
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 January 2025.


A.W. Whelan
M.J. Coyne
Director
Director

L.P. Jones
Director


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
LMT MEATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

LMT Meats Limited (the company) is a private company limited by shares, incorporated and domiciled in England. The registered office is 85 Stafford Street, Willenhall, West Midlands, WV13 1RT. The principal place of business is 1192a Aldridge Road, Great Barr, Birmingham, B44 8PE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Sterling (£).

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is measured as the fair value of the consideration received net of VAT. Turnover from the
sale of goods is recognised on supply of those goods.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
written off in equal instalments over the unexpired period of the lease
Plant and machinery
-
10%
on a straight line basis
Motor vehicles
-
20%
on a straight line basis
Fixtures and fittings
-
10%
on a straight line basis
Office equipment
-
33%
on a straight line basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
LMT MEATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.9

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
LMT MEATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 5).


4.


Tangible fixed assets





Leasehold property improve-ments
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost 


At 1 November 2023
36,262
56,746
26,092
3,033
122,133



At 31 October 2024

36,262
56,746
26,092
3,033
122,133



Depreciation


At 1 November 2023
36,262
56,108
26,073
3,033
121,476


Charge for the year on owned assets
-
130
19
-
149



At 31 October 2024

36,262
56,238
26,092
3,033
121,625



Net book value



At 31 October 2024
-
508
-
-
508



At 31 October 2023
-
638
19
-
657


5.


Debtors

2024
2023
£
£


Other debtors
5,188
5,650

Prepayments and accrued income
3,223
6,818

8,411
12,468


Page 5

 
LMT MEATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
59,048
35,870

Corporation tax
46,269
45,828

Other taxation and social security
1,301
824

Other creditors
403
233

Accruals and deferred income
37,049
30,817

144,070
113,572



7.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £33,063 (2023: £1,053). Contributions totalling £230 (2023: £95) were payable to the fund at the balance sheet date and are included in creditors.

Page 6