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REGISTERED NUMBER: 11224331 (England and Wales)















Financial Statements for the Year Ended 31 January 2024

for

ADM Meats Ltd

ADM Meats Ltd (Registered number: 11224331)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ADM Meats Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A T Owens





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 11224331 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

ADM Meats Ltd (Registered number: 11224331)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,856 30,552

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 5 12,989 39,772
Cash at bank and in hand 35,991 15,104
68,980 74,876
CREDITORS
Amounts falling due within one year 6 106,934 79,202
NET CURRENT LIABILITIES (37,954 ) (4,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,902

26,226

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(24,998

)

PROVISIONS FOR LIABILITIES (8,642 ) -
NET (LIABILITIES)/ASSETS (18,740 ) 1,228

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings (18,745 ) 1,223
(18,740 ) 1,228

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

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

ADM Meats Ltd (Registered number: 11224331)

Balance Sheet - continued
31 January 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 director and authorised for issue on 30 January 2025 and were signed by:





A T Owens - Director


ADM Meats Ltd (Registered number: 11224331)

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

1. STATUTORY INFORMATION

ADM Meats 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on a going concern basis despite reduced sales at various times since the beginning of the pandemic. The director is confident that sales will increase after the pandemic is over.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is the fair value of consideration received or receivable from the retail sale of meat excluding discounts, vat and rebates. Turnover is recognised when goods are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

Financial instruments
Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


ADM Meats Ltd (Registered number: 11224331)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 44,755
Additions 19,205
Disposals (1,667 )
At 31 January 2024 62,293
DEPRECIATION
At 1 February 2023 14,203
Charge for year 5,954
Eliminated on disposal (720 )
At 31 January 2024 19,437
NET BOOK VALUE
At 31 January 2024 42,856
At 31 January 2023 30,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,542 28,446
Other debtors 4,447 11,326
12,989 39,772

ADM Meats Ltd (Registered number: 11224331)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 78,901 55,391
Taxation and social security 2,326 1,899
Other creditors 15,707 11,912
106,934 79,202

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 15,000 24,998

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 28,470 11,795
Between one and five years 5,852 11,795
In more than five years 645 10,369
34,967 33,959