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REGISTERED NUMBER: 06818363 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

BEEF FARMERS DIRECT LIMITED

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEF FARMERS DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: J A Lloyd
J T Lloyd
E C Lloyd





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 06818363 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,922,650 5,100,326

CURRENT ASSETS
Stocks 151,066 55,880
Debtors 5 2,337,558 2,010,776
Cash at bank 21,727 26,313
2,510,351 2,092,969
CREDITORS
Amounts falling due within one year 6 448,955 453,988
NET CURRENT ASSETS 2,061,396 1,638,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,984,046

6,739,307

CREDITORS
Amounts falling due after more than one
year

7

(3,027,148

)

(3,453,541

)

PROVISIONS FOR LIABILITIES (80,737 ) (27,834 )
NET ASSETS 3,876,161 3,257,932

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,876,061 3,257,832
SHAREHOLDERS' FUNDS 3,876,161 3,257,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

BALANCE SHEET - continued
30TH JUNE 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 27th March 2025 and were signed on its behalf by:




J A Lloyd - Director J T Lloyd - Director




E C Lloyd - Director


BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Beef Farmers Direct 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.

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.
Land and buildings - 2% on cost and Land - no depreciation charged
Plant and machinery etc - 20% on cost, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 1 ) .

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. TANGIBLE FIXED ASSETS
Freehold Property Plant and
property improvements machinery Totals
£    £    £    £   
COST
At 1st July 2023 5,032,047 452,899 562,804 6,047,750
Additions 78,567 - 343,000 421,567
Disposals (409,366 ) - (134,000 ) (543,366 )
At 30th June 2024 4,701,248 452,899 771,804 5,925,951
DEPRECIATION
At 1st July 2023 106,087 436,982 404,355 947,424
Charge for year 20,007 9,218 79,140 108,365
Eliminated on disposal (6,616 ) - (45,872 ) (52,488 )
At 30th June 2024 119,478 446,200 437,623 1,003,301
NET BOOK VALUE
At 30th June 2024 4,581,770 6,699 334,181 4,922,650
At 30th June 2023 4,925,960 15,917 158,449 5,100,326

The company held three assets under a hire purchase agreement during the year, however one asset was sold during the period. At the year end the net book value of the financed assets was £242,400 (2023: £48,128) and the depreciation charge relating to the assets was £60,600 (2023: £12,032).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,337,458 2,010,676
Other debtors 100 100
2,337,558 2,010,776

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,385 69,768
Hire purchase contracts 43,250 22,776
Trade creditors 156,799 21,164
Taxation and social security 178,105 298,904
Other creditors 41,416 41,376
448,955 453,988

BEEF FARMERS DIRECT LIMITED (REGISTERED NUMBER: 06818363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,930,648 3,433,501
Hire purchase contracts 86,500 -
Other creditors 10,000 20,040
3,027,148 3,453,541