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Company Registration No. 08465119 (England and Wales)
Steakout Meat Company Limited Unaudited accounts for the year ended 31 March 2024
Steakout Meat Company Limited Unaudited accounts Contents
Page
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Steakout Meat Company Limited Company Information for the year ended 31 March 2024
Director
Kaysor Ali
Secretary
Nazmon Nahar
Company Number
08465119 (England and Wales)
Registered Office
1443b London Road London London SW16 4AQ England
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Steakout Meat Company Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
716,189 
600,311 
Investments
278,523 
278,523 
994,712 
878,834 
Current assets
Inventories
60,334 
56,768 
Debtors
421,046 
400,820 
Cash at bank and in hand
15,512 
10,154 
496,892 
467,742 
Creditors: amounts falling due within one year
(229,089)
(205,495)
Net current assets
267,803 
262,247 
Total assets less current liabilities
1,262,515 
1,141,081 
Creditors: amounts falling due after more than one year
(151,787)
(36,580)
Provisions for liabilities
Deferred tax
(64,054)
(64,054)
Net assets
1,046,674 
1,040,447 
Capital and reserves
Called up share capital
1,033 
1,033 
Share premium
164,967 
164,967 
Profit and loss account
880,674 
874,447 
Shareholders' funds
1,046,674 
1,040,447 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 December 2024 and were signed on its behalf by
Kaysor Ali Director Company Registration No. 08465119
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Steakout Meat Company Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Steakout Meat Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08465119. The registered office is 1443b London Road, London, London, SW16 4AQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over the lease term
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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Steakout Meat Company Limited Notes to the Accounts for the year ended 31 March 2024
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Steakout Meat Company Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
28,500 
624,094 
193,237 
845,831 
Additions
- 
- 
171,968 
171,968 
At 31 March 2024
28,500 
624,094 
365,205 
1,017,799 
Depreciation
At 1 April 2023
27,328 
164,334 
53,858 
245,520 
Charge for the year
461 
32,402 
23,227 
56,090 
At 31 March 2024
27,789 
196,736 
77,085 
301,610 
Net book value
At 31 March 2024
711 
427,358 
288,120 
716,189 
At 31 March 2023
1,172 
459,760 
139,379 
600,311 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2023
278,523 
Valuation at 31 March 2024
278,523 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
14,581 
- 
Trade debtors
110,665 
140,363 
Other debtors
295,800 
260,457 
421,046 
400,820 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,000 
35,633 
Obligations under finance leases and hire purchase contracts
25,381 
10,338 
Trade creditors
111,484 
107,092 
Taxes and social security
43,469 
15,774 
Other creditors
43,755 
36,658 
229,089 
205,495 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
26,189 
36,580 
Obligations under finance leases and hire purchase contracts
125,598 
- 
151,787 
36,580 
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Steakout Meat Company Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 7 (2023: 6).
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