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REGISTERED NUMBER: 13746311 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Ascot Butchers Ltd

Ascot Butchers Ltd (Registered number: 13746311)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ascot Butchers Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: C Mingoia





SECRETARY: Mrs K Mingoia





REGISTERED OFFICE: The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL





REGISTERED NUMBER: 13746311 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Ascot Butchers Ltd (Registered number: 13746311)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,667 21,667
Tangible assets 5 45,717 48,017
57,384 69,684

CURRENT ASSETS
Stocks 6 6,000 10,250
Debtors 7 24,088 27,077
Cash at bank 88,867 84,367
118,955 121,694
CREDITORS
Amounts falling due within one year 8 75,055 100,092
NET CURRENT ASSETS 43,900 21,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,284

91,286

CREDITORS
Amounts falling due after more than one
year

9

-

39,420
NET ASSETS 101,284 51,866

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 101,184 51,766
SHAREHOLDERS' FUNDS 101,284 51,866

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

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

Ascot Butchers Ltd (Registered number: 13746311)

Balance Sheet - continued
31 August 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 19 February 2025 and were signed by:





C Mingoia - Director


Ascot Butchers Ltd (Registered number: 13746311)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ascot Butchers Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 16.67% on cost
Plant and machinery - 15% on cost
Motor vehicles - 20% on cost

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.

Ascot Butchers Ltd (Registered number: 13746311)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 5 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 30,000
AMORTISATION
At 1 September 2023 8,333
Amortisation for year 10,000
At 31 August 2024 18,333
NET BOOK VALUE
At 31 August 2024 11,667
At 31 August 2023 21,667

5. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2023 30,900 12,000 10,800 53,700
Additions - 3,111 13,600 16,711
Disposals - - (10,800 ) (10,800 )
At 31 August 2024 30,900 15,111 13,600 59,611
DEPRECIATION
At 1 September 2023 3,433 1,350 900 5,683
Charge for year 5,150 2,148 2,893 10,191
Eliminated on disposal - - (1,980 ) (1,980 )
At 31 August 2024 8,583 3,498 1,813 13,894
NET BOOK VALUE
At 31 August 2024 22,317 11,613 11,787 45,717
At 31 August 2023 27,467 10,650 9,900 48,017

Ascot Butchers Ltd (Registered number: 13746311)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 6,000 10,250

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 20,400 21,320
VAT 1,414 3,589
Prepayments 2,274 2,168
24,088 27,077

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 11,297 3,479
Tax 35,647 18,879
Social security and other taxes 1,023 1,038
Other creditors 438 50,196
Directors' current accounts 24,137 24,000
Accrued expenses 2,513 2,500
75,055 100,092

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Directors' loan accounts - 39,420

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
C Mingoia
Balance outstanding at start of year 63,420 -
Amounts advanced 717 80,000
Amounts repaid (40,000 ) (16,580 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,137 63,420