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REGISTERED NUMBER: 02731246 (England and Wales)






















R & S Wholesale Butchers Limited

Unaudited Financial Statements for the Year Ended 31st July 2024






R & S Wholesale Butchers Limited (Registered number: 02731246)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & S Wholesale Butchers Limited

Company Information
for the year ended 31st July 2024







DIRECTORS: A K Rawson
B Silvester





SECRETARY: A K Rawson





REGISTERED OFFICE: 4 Strickland Street
Hessle Road
Hull
East Yorkshire
HU3 4AQ





REGISTERED NUMBER: 02731246 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA

R & S Wholesale Butchers Limited (Registered number: 02731246)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 382,907 356,583
Investments 6 6,958 6,958
Investment property 7 254,092 204,870
643,957 568,411

CURRENT ASSETS
Stocks 25,454 19,206
Debtors 8 414,112 384,209
Cash at bank and in hand 196,283 184,961
635,849 588,376
CREDITORS
Amounts falling due within one year 9 263,903 298,384
NET CURRENT ASSETS 371,946 289,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,015,903

858,403

PROVISIONS FOR LIABILITIES (49,257 ) (24,462 )

ACCRUALS AND DEFERRED INCOME (1,203 ) (1,255 )
NET ASSETS 965,443 832,686

CAPITAL AND RESERVES
Called up share capital 10 15,000 15,000
Revaluation reserve 11 52,391 52,391
Retained earnings 898,052 765,295
SHAREHOLDERS' FUNDS 965,443 832,686

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

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

R & S Wholesale Butchers Limited (Registered number: 02731246)

Balance Sheet - continued
31st July 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 24th January 2025 and were signed on its behalf by:




A K Rawson - Director



B Silvester - Director


R & S Wholesale Butchers Limited (Registered number: 02731246)

Notes to the Financial Statements
for the year ended 31st July 2024

1. STATUTORY INFORMATION

R & S Wholesale 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. 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 statement have been prepared on a going concern basis under the historical cost convention modified to include certain items at fair value.

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.
Land and buildings - Straight line over 48 years and Straight line over 49 years
Plant and machinery etc - straight line over 10 years and Straight line over 5 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

R & S Wholesale Butchers Limited (Registered number: 02731246)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st August 2023 277,938 552,242 830,180
Additions - 167,166 167,166
Disposals - (134,547 ) (134,547 )
At 31st July 2024 277,938 584,861 862,799
DEPRECIATION
At 1st August 2023 111,404 362,193 473,597
Charge for year 5,767 56,927 62,694
Eliminated on disposal - (56,399 ) (56,399 )
At 31st July 2024 117,171 362,721 479,892
NET BOOK VALUE
At 31st July 2024 160,767 222,140 382,907
At 31st July 2023 166,534 190,049 356,583

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023
and 31st July 2024 6,958
NET BOOK VALUE
At 31st July 2024 6,958
At 31st July 2023 6,958

R & S Wholesale Butchers Limited (Registered number: 02731246)

Notes to the Financial Statements - continued
for the year ended 31st July 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 204,870
Additions 49,222
At 31st July 2024 254,092
NET BOOK VALUE
At 31st July 2024 254,092
At 31st July 2023 204,870

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 367,115 354,278
Other debtors 46,997 29,931
414,112 384,209

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 142,250 200,640
Taxation and social security 57,448 42,508
Other creditors 64,205 55,236
263,903 298,384

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
15,000 Ordinary £1 15,000 15,000

11. RESERVES
Revaluation
reserve
£   
At 1st August 2023
and 31st July 2024 52,391

12. PENSION COMMITMENTS

During the year the company paid pension contributions of £36,142 (2023 £15,789). There were no contributions (2023 £nil) outstanding at the year end.

13. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors by virtue of them holding 100% of the issued share capital of the company.