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REGISTERED NUMBER: 06929402 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Hamlets Butchers Ltd

Hamlets Butchers Ltd (Registered number: 06929402)

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


Hamlets Butchers Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: H J Hamlet
G W Hamlet





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 06929402 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Hamlets Butchers Ltd (Registered number: 06929402)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 84,499 95,547
84,499 95,547

CURRENT ASSETS
Stocks 24,188 15,000
Debtors 6 44,126 46,441
Cash at bank and in hand 118,995 82,704
187,309 144,145
CREDITORS
Amounts falling due within one year 7 128,906 107,261
NET CURRENT ASSETS 58,403 36,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,902

132,431

CREDITORS
Amounts falling due after more than
one year

8

(15,682

)

(22,171

)

PROVISIONS FOR LIABILITIES 10 (5,145 ) (7,170 )
NET ASSETS 122,075 103,090

Hamlets Butchers Ltd (Registered number: 06929402)

Balance Sheet - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 121,975 102,990
SHAREHOLDERS' FUNDS 122,075 103,090

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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





H J Hamlet - Director


Hamlets Butchers Ltd (Registered number: 06929402)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Hamlets Butchers Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Hamlets Butchers Ltd (Registered number: 06929402)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued
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
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. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 50,000
AMORTISATION
At 1 September 2023
and 31 August 2024 50,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Hamlets Butchers Ltd (Registered number: 06929402)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 158,963 106,353 1,943 267,259
Additions 12,234 - - 12,234
Disposals (6,850 ) - - (6,850 )
At 31 August 2024 164,347 106,353 1,943 272,643
DEPRECIATION
At 1 September 2023 121,428 49,638 646 171,712
Charge for year 7,289 14,179 649 22,117
Eliminated on disposal (5,685 ) - - (5,685 )
At 31 August 2024 123,032 63,817 1,295 188,144
NET BOOK VALUE
At 31 August 2024 41,315 42,536 648 84,499
At 31 August 2023 37,535 56,715 1,297 95,547

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 62,934
DEPRECIATION
At 1 September 2023 15,733
Charge for year 11,800
At 31 August 2024 27,533
NET BOOK VALUE
At 31 August 2024 35,401
At 31 August 2023 47,201

Hamlets Butchers Ltd (Registered number: 06929402)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 37,571 43,026
Bad debt provision (2,195 ) -
Other debtors 1,656 -
VAT 3,106 -
Prepayments 3,988 3,415
44,126 46,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 6,489 6,489
Trade creditors 75,362 66,396
Corporation tax 20,106 12,470
Social security and other taxes 1,515 5,400
VAT - 9,526
Directors' current accounts 20,748 1,791
Accrued expenses 4,686 5,189
128,906 107,261

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts 15,682 22,171

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 22,171 28,660

The hire purchase obligations are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 5,145 7,170

Hamlets Butchers Ltd (Registered number: 06929402)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 7,170
Credit to Statement of Income and Retained Earnings during
year

(2,025

)
Balance at 31 August 2024 5,145

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

12. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.