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REGISTERED NUMBER: SC271965 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

JOHN HENDERSON (MEAT SPECIALISTS) LTD

JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN HENDERSON (MEAT SPECIALISTS) LTD

COMPANY INFORMATION
for the year ended 31 August 2024







DIRECTORS: D P Smith
A Smith



REGISTERED OFFICE: Unit 8, Fife Food Park
Faraday Road
Glenrothes
Fife
KY6 2RU



REGISTERED NUMBER: SC271965 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: Bank of Scotland
PO BOX 10
Kirkcaldy
Fife
KY1 3PA

JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,500
Tangible assets 5 139,491 159,568
139,491 178,068

CURRENT ASSETS
Stocks 6 87,484 87,989
Debtors 7 545,226 550,037
Cash in hand 1,104,726 885,501
1,737,436 1,523,527
CREDITORS
Amounts falling due within one year 8 537,108 413,617
NET CURRENT ASSETS 1,200,328 1,109,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,339,819

1,287,978

PROVISIONS FOR LIABILITIES 34,872 40,606
NET ASSETS 1,304,947 1,247,372

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,304,847 1,247,272
SHAREHOLDERS' FUNDS 1,304,947 1,247,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

BALANCE SHEET - continued
31 August 2024


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

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 2 December 2024 and were signed on its behalf by:




D P Smith - Director



A Smith - Director


JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 August 2024


1. STATUTORY INFORMATION

John Henderson (Meat Specialists) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £.

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 2004, is being amortised evenly over its useful life of twenty years, as determined by the directors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 20% on cost
Fixtures & equipment - 20% on reducing balance
Motor vehicles - 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 material 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives, or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of future payments as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


2. ACCOUNTING POLICIES - continued

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 27 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 370,000
AMORTISATION
At 1 September 2023 351,500
Amortisation for year 18,500
At 31 August 2024 370,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 18,500

5. TANGIBLE FIXED ASSETS
Leasehold Fixtures Motor
improvements & equipment vehicles Totals
£    £    £    £   
COST
At 1 September 2023 22,067 175,484 170,682 368,233
Additions - 8,163 20,155 28,318
Disposals - (17,599 ) - (17,599 )
At 31 August 2024 22,067 166,048 190,837 378,952
DEPRECIATION
At 1 September 2023 22,067 101,740 84,858 208,665
Charge for year - 15,024 26,495 41,519
Eliminated on disposal - (10,723 ) - (10,723 )
At 31 August 2024 22,067 106,041 111,353 239,461
NET BOOK VALUE
At 31 August 2024 - 60,007 79,484 139,491
At 31 August 2023 - 73,744 85,824 159,568

6. STOCKS
2024 2023
£    £   
Stocks 87,484 87,989

JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 August 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 523,308 529,201
Other debtors 21,918 20,836
545,226 550,037

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 68,947 33,464
Taxation and social security 105,468 112,936
Other creditors 362,693 267,217
537,108 413,617

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,000 22,000
Between one and five years - 22,000
22,000 44,000