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REGISTERED NUMBER: 10115887 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

BUTTS NEWS FOOD & WINE LIMITED

BUTTS NEWS FOOD & WINE LIMITED (REGISTERED NUMBER: 10115887)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BUTTS NEWS FOOD & WINE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: K Pararasalingam





REGISTERED OFFICE: 1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB





REGISTERED NUMBER: 10115887 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB

BUTTS NEWS FOOD & WINE LIMITED (REGISTERED NUMBER: 10115887)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 32,500 39,000
Tangible assets 5 30,251 35,501
62,751 74,501

CURRENT ASSETS
Stocks 178,900 179,900
Debtors 302,716 284,054
Cash at bank and in hand 142,233 62,956
623,849 526,910
CREDITORS
Amounts falling due within one year 123,553 74,805
NET CURRENT ASSETS 500,296 452,105
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,047

526,606

CREDITORS
Amounts falling due after more than one year 23,609 33,017
NET ASSETS 539,438 493,589

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 539,338 493,489
SHAREHOLDERS' FUNDS 539,438 493,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BUTTS NEWS FOOD & WINE LIMITED (REGISTERED NUMBER: 10115887)

ABRIDGED BALANCE SHEET - continued
30 APRIL 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 April 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 director and authorised for issue on 29 January 2025 and were signed by:





K Pararasalingam - Director


BUTTS NEWS FOOD & WINE LIMITED (REGISTERED NUMBER: 10115887)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Butts News Food & Wine 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 2019, 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.
Fixtures and fittings - 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

BUTTS NEWS FOOD & WINE LIMITED (REGISTERED NUMBER: 10115887)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 65,000
AMORTISATION
At 1 May 2023 26,000
Amortisation for year 6,500
At 30 April 2024 32,500
NET BOOK VALUE

At 30 April 2024 32,500
At 30 April 2023 39,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 113,360
DEPRECIATION
At 1 May 2023 77,859
Charge for year 5,250
At 30 April 2024 83,109
NET BOOK VALUE
At 30 April 2024 30,251
At 30 April 2023 35,501

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,960 (2023 - £47,301) were paid to the director .