Company registration number 09607459 (England and Wales)
WEBSTER FAMILY BUTCHERS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WEBSTER FAMILY BUTCHERS LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
WEBSTER FAMILY BUTCHERS LTD
COMPANY INFORMATION
- 1 -
Directors
Mrs. C Webster
Mr. K Webster
Company number
09607459
Registered office
440 Wimborne Road
Bournemouth
Dorset
United Kingdom
BH9 2HB
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
WEBSTER FAMILY BUTCHERS LTD
BALANCE SHEET
AS AT 31 MAY 2024
31 May 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
20,001
20,001
Tangible assets
4
74,006
47,972
Current assets
Stocks
38,700
48,700
Debtors
5
18,068
10,661
Cash at bank and in hand
42,867
49,334
99,635
108,695
Creditors: amounts falling due within one year
6
(93,776)
(79,061)
Net current assets
5,859
29,634
Total assets less current liabilities
99,866
97,607
Creditors: amounts falling due after more than one year
7
(4,452)
-
0
Provisions for liabilities
(12,173)
(6,597)
Net assets
83,241
91,010
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
83,240
91,009
Total equity
83,241
91,010
WEBSTER FAMILY BUTCHERS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024
31 May 2024
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 13 February 2025 and are signed on its behalf by:
Mrs. C Webster
Director
Company Registration No. 09607459
The notes on pages 4 to 8 form part of these financial statements
WEBSTER FAMILY BUTCHERS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
1
Accounting policies
Company information

Webster Family Butchers Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 440 Wimborne Road, Bournemouth, Dorset, United Kingdom, BH9 2HB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

1.3
Intangible fixed assets - goodwill

Acquired goodwill is written down to a residual value of £20,000 in equal annual instalments over its estimated useful economic life of 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price.

WEBSTER FAMILY BUTCHERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

WEBSTER FAMILY BUTCHERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
9
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2023 and 31 May 2024
43,427
Amortisation and impairment
At 1 June 2023 and 31 May 2024
23,426
Carrying amount
At 31 May 2024
20,001
At 31 May 2023
20,001
WEBSTER FAMILY BUTCHERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 7 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 June 2023
38,642
58,525
9,750
106,917
Additions
34,521
1,201
10,138
45,860
Disposals
(8,662)
-
0
-
0
(8,662)
At 31 May 2024
64,501
59,726
19,888
144,115
Depreciation and impairment
At 1 June 2023
15,812
38,640
4,494
58,946
Depreciation charged in the year
8,757
5,074
3,848
17,679
Eliminated in respect of disposals
(6,516)
-
0
-
0
(6,516)
At 31 May 2024
18,053
43,714
8,342
70,109
Carrying amount
At 31 May 2024
46,448
16,012
11,546
74,006
At 31 May 2023
22,830
19,886
5,256
47,972
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,641
30
Corporation tax recoverable
1,803
-
0
Other debtors
10,967
10,631
Prepayments and accrued income
2,657
-
0
18,068
10,661
WEBSTER FAMILY BUTCHERS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 8 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
3,713
-
0
Trade creditors
76,432
59,438
Taxation and social security
2,739
6,292
Other creditors
9,332
11,771
Accruals and deferred income
1,560
1,560
93,776
79,061

 

 

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Obligations under finance leases
4,452
-
0

 

8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
76,933
112,501
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