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REGISTERED NUMBER: NI639474 (Northern Ireland)















LB BUTCHERS LTD

Unaudited Financial Statements for the Year Ended 30 September 2024






LB BUTCHERS LTD (REGISTERED NUMBER: NI639474)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LB BUTCHERS LTD

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Kevin Lowe





REGISTERED OFFICE: 15-16 The Squae
Stewartstown
Co. Tyrone
BT715HX





REGISTERED NUMBER: NI639474 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

LB BUTCHERS LTD (REGISTERED NUMBER: NI639474)

Statement of Financial Position
30 SEPTEMBER 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Tangible assets 5 986,744 690,543

CURRENT ASSETS
Stocks 44,532 40,938
Receivables: amounts falling due within
one year

6

17,078

6,951
Cash at bank and in hand 13,484 18,147
75,094 66,036
PAYABLES
Amounts falling due within one year 7 (411,086 ) (289,365 )
NET CURRENT LIABILITIES (335,992 ) (223,329 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,752

467,214

PAYABLES
Amounts falling due after more than
one year

8

(187,534

)

(50,545

)

PROVISIONS FOR LIABILITIES (16,779 ) (47,322 )
NET ASSETS 446,439 369,347

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 446,429 369,337
446,439 369,347

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

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

LB BUTCHERS LTD (REGISTERED NUMBER: NI639474)

Statement of Financial Position - continued
30 SEPTEMBER 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 10 January 2025 and were signed by:





Kevin Lowe - Director


LB BUTCHERS LTD (REGISTERED NUMBER: NI639474)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

LB Butchers Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Inventories
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

LB BUTCHERS LTD (REGISTERED NUMBER: NI639474)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 October 2023 479,737 334,308 34,707 38,162 886,914
Additions 313,480 26,947 - 13,950 354,377
At 30 September 2024 793,217 361,255 34,707 52,112 1,241,291
DEPRECIATION
At 1 October 2023 - 156,002 19,373 20,996 196,371
Charge for year - 46,829 3,834 7,513 58,176
At 30 September 2024 - 202,831 23,207 28,509 254,547
NET BOOK VALUE
At 30 September 2024 793,217 158,424 11,500 23,603 986,744
At 30 September 2023 479,737 178,306 15,334 17,166 690,543

6. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 17,078 6,951

7. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 109,457 181,102
Trade payables 211,884 78,732
Taxation and social security 18,289 21,185
Other payables 71,456 8,346
411,086 289,365

8. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 187,534 50,545