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REGISTERED NUMBER: 04851802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Derek Jones Butchers Ltd

Derek Jones Butchers Ltd (Registered number: 04851802)






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


Derek Jones Butchers Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr D W Jones
Miss H F Jones





REGISTERED OFFICE: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 04851802 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Derek Jones Butchers Ltd (Registered number: 04851802)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,108 25,777
20,108 25,777

CURRENT ASSETS
Stocks 6 12,103 11,457
Debtors 7 2,541 4,362
Cash at bank and in hand 119,759 105,900
134,403 121,719
CREDITORS
Amounts falling due within one year 8 18,858 17,085
NET CURRENT ASSETS 115,545 104,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,653

130,411

PROVISIONS FOR LIABILITIES 9 3,820 4,898
NET ASSETS 131,833 125,513

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 131,733 125,413
SHAREHOLDERS' FUNDS 131,833 125,513

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 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.

Derek Jones Butchers Ltd (Registered number: 04851802)

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 Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mr D W Jones - Director


Derek Jones Butchers Ltd (Registered number: 04851802)

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

1. STATUTORY INFORMATION

Derek Jones 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of five 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
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant & Equipment - 25% & 33% Reducing Balance Basis
Fixtures & Fixtures - 20% Reducing Balance Basis
Motor Vehicles - 20% Reducing Balance Basis

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.


Derek Jones Butchers Ltd (Registered number: 04851802)

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

2. ACCOUNTING POLICIES - continued
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.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,000
AMORTISATION
At 1 September 2023
and 31 August 2024 10,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Derek Jones Butchers Ltd (Registered number: 04851802)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 80,502 53,867 10,754 145,123
Additions 149 - - 149
At 31 August 2024 80,651 53,867 10,754 145,272
DEPRECIATION
At 1 September 2023 67,988 41,156 10,202 119,346
Charge for year 3,166 2,542 110 5,818
At 31 August 2024 71,154 43,698 10,312 125,164
NET BOOK VALUE
At 31 August 2024 9,497 10,169 442 20,108
At 31 August 2023 12,514 12,711 552 25,777

6. STOCKS
31.8.24 31.8.23
£    £   
Stocks 12,103 11,457

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 2,541 4,362

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 6,349 6,305
Taxation and social security 10,030 7,502
Other creditors 2,479 3,278
18,858 17,085

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 3,820 4,898

Derek Jones Butchers Ltd (Registered number: 04851802)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 4,898
Credit to Income Statement during year (1,078 )
Balance at 31 August 2024 3,820

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 1 100 100

11. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £1,142 (2023: £1,676) due to Mr D W Jones and Miss H F Jones. The amounts due to the directors are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Miss H Jones, a director of the company who owns 75% share of the issued share capital.