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REGISTERED NUMBER: 07400471 (England and Wales)















INSTITUTE OF MEAT

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






INSTITUTE OF MEAT (REGISTERED NUMBER: 07400471)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSTITUTE OF MEAT

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: K D Fisher
W J Jermey





REGISTERED OFFICE: 4100 Park Approach
Thorpe Park
Leeds
LS15 8GB





REGISTERED NUMBER: 07400471 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

INSTITUTE OF MEAT (REGISTERED NUMBER: 07400471)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 459 472

CURRENT ASSETS
Debtors 5 23,575 6,367
Prepayments and accrued income 9,592 5,322
Cash at bank 55,007 83,455
88,174 95,144
CREDITORS
Amounts falling due within one year 6 58,023 76,644
NET CURRENT ASSETS 30,151 18,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,610

18,972

ACCRUALS AND DEFERRED INCOME 20,725 14,971
NET ASSETS 9,885 4,001

RESERVES
Income and expenditure account 9,885 4,001
9,885 4,001

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 27 February 2025 and were signed on its behalf by:





W J Jermey - Director


INSTITUTE OF MEAT (REGISTERED NUMBER: 07400471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Institute Of Meat is a private company, limited by guarantee , 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INSTITUTE OF MEAT (REGISTERED NUMBER: 07400471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 9,648
Additions 580
Disposals (1,022 )
At 31 August 2024 9,206
DEPRECIATION
At 1 September 2023 9,176
Charge for year 593
Eliminated on disposal (1,022 )
At 31 August 2024 8,747
NET BOOK VALUE
At 31 August 2024 459
At 31 August 2023 472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,094 2,514
Amounts owed by group undertakings 20,481 3,853
23,575 6,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 689 2,618
Amounts owed to group undertakings 55,951 73,672
Taxation and social security 1,383 354
58,023 76,644

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham French FCA (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd

INSTITUTE OF MEAT (REGISTERED NUMBER: 07400471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. ULTIMATE CONTROLLING PARTY

Under the terms of its Memorandum and Articles of Association, the company is under the ultimate control of The Food and Drink Training and Education Council Limited (formerly Meat Training Council Limited), a company incorporated in the UK. The company is limited by guarantee and no one controls it. The company is included in group accounts produced by The Food and Drink Training and Education Council Limited (formerly Meat Training Council Limited) and these are available from its registered office and principal place of business; Icon Business Centres (Leeds) Ltd, 4100 Park Approach, Thorpe Park, Leeds, LS15 8GB.