Sargents Butchers Limited 05742978 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Retail sale of meat and meat products in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true 05742978 2023-05-01 2024-04-30 05742978 2024-04-30 05742978 bus:Director3 1 2024-04-30 05742978 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-30 05742978 core:CurrentFinancialInstruments 2024-04-30 05742978 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05742978 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 05742978 core:FurnitureFittingsToolsEquipment 2024-04-30 05742978 bus:SmallEntities 2023-05-01 2024-04-30 05742978 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05742978 bus:FilletedAccounts 2023-05-01 2024-04-30 05742978 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05742978 bus:RegisteredOffice 2023-05-01 2024-04-30 05742978 bus:Director3 2023-05-01 2024-04-30 05742978 bus:Director3 1 2023-05-01 2024-04-30 05742978 bus:Director4 2023-05-01 2024-04-30 05742978 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-05-01 2024-04-30 05742978 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05742978 bus:Agent1 2023-05-01 2024-04-30 05742978 core:ComputerEquipment 2023-05-01 2024-04-30 05742978 core:FurnitureFittings 2023-05-01 2024-04-30 05742978 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 05742978 core:MotorVehicles 2023-05-01 2024-04-30 05742978 core:PlantMachinery 2023-05-01 2024-04-30 05742978 countries:AllCountries 2023-05-01 2024-04-30 05742978 2023-04-30 05742978 bus:Director3 1 2023-04-30 05742978 core:FurnitureFittingsToolsEquipment 2023-04-30 05742978 2022-05-01 2023-04-30 05742978 2023-04-30 05742978 bus:Director3 1 2023-04-30 05742978 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-30 05742978 core:CurrentFinancialInstruments 2023-04-30 05742978 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05742978 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 05742978 core:FurnitureFittingsToolsEquipment 2023-04-30 05742978 bus:Director3 1 2022-05-01 2023-04-30 05742978 bus:Director3 1 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05742978

Sargents Butchers Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Sargents Butchers Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Sargents Butchers Limited

Company Information




 

Directors

Mr Jonty Erik Larkin

Miss Kiera Blanche Smith



 

Registered office

2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ

 

Accountants

Magenta Accounts Limited
2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sargents Butchers Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sargents Butchers Limited for the year ended 30 April 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Sargents Butchers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sargents Butchers Limited and state those matters that we have agreed to state to the Board of Directors of Sargents Butchers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sargents Butchers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sargents Butchers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sargents Butchers Limited. You consider that Sargents Butchers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sargents Butchers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Magenta Accounts Limited
2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ



 

30 January 2025

 

Sargents Butchers Limited

(Registration number: 05742978)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

1,965

 

2,620

Current assets

   

 

Stocks

5

3,624

 

2,343

 

Debtors

6

73,793

 

82,816

 

Cash at bank and in hand

 

3,558

 

3,140

 

 

80,975

 

88,299

 

Creditors: Amounts falling due within one year

7

(60,747)

 

(89,052)

 

Net current assets/(liabilities)

   

20,228

 

(753)

Total assets less current liabilities

   

22,193

 

1,867

Creditors: Amounts falling due after more than one year

7

 

(16,204)

 

-

Provisions for liabilities

 

-

 

(1,853)

Net assets

   

5,989

 

14

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Retained earnings

5,889

 

(86)

 

Shareholders' funds

   

5,989

 

14

 

Sargents Butchers Limited

(Registration number: 05742978)
Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr Jonty Erik Larkin
Director

 

Sargents Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2a Poles Copse, Poles Lane
Otterbourne
Winchester
Hampshire
SO21 2DZ

The principal place of business is:
6 Merriemeade Parade
Beaulieu Road
Dibden Purlieu
Southampton
SO45 4PY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax, and other sales taxes.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sargents Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% reducing balance

Computer Equipment

33% Straight line

Motor Vehicles

25% reducing balance

Furniture & Fittings

25% 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.

Defined contribution pension obligation

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

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Sargents Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

23,047

23,047

At 30 April 2024

23,047

23,047

Depreciation

At 1 May 2023

20,427

20,427

Charge for the year

655

655

At 30 April 2024

21,082

21,082

Carrying amount

At 30 April 2024

1,965

1,965

At 30 April 2023

2,620

2,620

5

Stocks

2024
£

2023
£

Other inventories

3,624

2,343

 

Sargents Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

2024
£

2023
£

Trade debtors

1,541

1,541

Prepayments

-

1,208

Other debtors

72,252

80,067

73,793

82,816

Details of non-current trade and other debtors

£17,292 (2023 -£17,292) of Section 455 Tax is classified as non current.

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

28,422

36,736

Taxation and social security

9,337

17,468

Accruals and deferred income

1,241

1,241

Other creditors

21,747

33,607

60,747

89,052

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

16,204

-

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       
 

Sargents Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

9

Related party transactions

Interest has been charged on the overdrawn directors loan account at the official rate.

Transactions with directors

2024

At 1 May 2023
£

Repayments by director
£

At 30 April 2024
£

Mr Jonty Erik Larkin

58,035

(6,035)

52,000

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Mr Jonty Erik Larkin

2,676

55,359

58,035