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REGISTERED NUMBER: 03562600 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

E & P CATERING BUTCHERS LIMITED

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E & P CATERING BUTCHERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: P Young
E Curley
Mrs N Curley
Mrs J L Young





SECRETARY: P Young





REGISTERED OFFICE: Barlow House
Barlow Road
Coventry
West Midlands
CV2 2LD





REGISTERED NUMBER: 03562600 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 612,073 633,723

CURRENT ASSETS
Stocks 5 96,921 86,895
Debtors 6 510,796 587,191
Cash at bank and in hand 125,648 107,001
733,365 781,087
CREDITORS
Amounts falling due within one year 7 633,609 580,791
NET CURRENT ASSETS 99,756 200,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

711,829

834,019

CREDITORS
Amounts falling due after more than one
year

8

(165,227

)

(302,547

)

PROVISIONS FOR LIABILITIES (77,206 ) (64,211 )
NET ASSETS 469,396 467,261

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 10 469,292 467,157
SHAREHOLDERS' FUNDS 469,396 467,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

BALANCE SHEET - continued
30 JUNE 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 5 February 2025 and were signed on its behalf by:




P Young - Director



E Curley - Director


E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

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

1. STATUTORY INFORMATION

E & P Catering Butchers 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.

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.

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

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.
Freehold property - not provided
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

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

2. ACCOUNTING POLICIES - continued

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 36 (2023 - 39 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 125,499 163,402 580,171
Additions - - 72,844
At 30 June 2024 125,499 163,402 653,015
DEPRECIATION
At 1 July 2023 - - 352,513
Charge for year - - 73,311
At 30 June 2024 - - 425,824
NET BOOK VALUE
At 30 June 2024 125,499 163,402 227,191
At 30 June 2023 125,499 163,402 227,658

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 51,222 222,150 32,809 1,175,253
Additions 536 9,275 2,193 84,848
At 30 June 2024 51,758 231,425 35,002 1,260,101
DEPRECIATION
At 1 July 2023 45,940 118,912 24,165 541,530
Charge for year 1,849 28,128 3,210 106,498
At 30 June 2024 47,789 147,040 27,375 648,028
NET BOOK VALUE
At 30 June 2024 3,969 84,385 7,627 612,073
At 30 June 2023 5,282 103,238 8,644 633,723

Included within the net book value of motor vehicles is £75,413 (2023 £98,145) and Plant & Machinery is £7,652 (2023 £20,770), in respect of assets held under hire purchase agreements.

5. STOCKS
2024 2023
£    £   
Stocks 96,921 86,895

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 481,418 538,894
Other debtors 3,275 27,900
VAT 25,562 20,052
Prepayments 541 345
510,796 587,191

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,308 32,585
Hire purchase contracts 30,384 35,849
Trade creditors 413,953 416,543
Corporation tax 55,780 -
Social security and other taxes 22,191 23,467
Pensions 4,013 3,583
Credit card 4,657 2,157
Directors' current accounts 66,049 49,993
Accrued expenses 15,274 16,614
633,609 580,791

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 31,783 59,337
Bank loans - 2-5 years 80,763 160,145
Hire purchase contracts 52,681 83,065
165,227 302,547

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 133,854 252,067

Lloyds Bank Plc holds fixed and floating charge dated 29th May 2013 over tangible and intangible assets of the Company.

Lloyds Bank Plc holds fixed and floating charge dated 30th October 2013 over the property known as Barlow House, Barlow Road, Aldermans Green Industrial Estate Coventry CV2 2LD registered at the Land Registry under the title number WM527663.

10. RESERVES
Retained
earnings
£   

At 1 July 2023 467,157
Profit for the year 220,535
Dividends (218,400 )
At 30 June 2024 469,292

E & P CATERING BUTCHERS LIMITED (REGISTERED NUMBER: 03562600)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have signified that their director current accounts have always been kept in credit and they will not charge any interest on the monies held in their director current accounts.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Curley (Director) and Mr Young (Director) who hold majority of ordinary issued share capital.