Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-312023-08-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10883784 2023-08-01 2024-07-31 10883784 2022-08-01 2023-07-31 10883784 2024-07-31 10883784 2023-07-31 10883784 c:Director1 2023-08-01 2024-07-31 10883784 d:PlantMachinery 2023-08-01 2024-07-31 10883784 d:PlantMachinery 2024-07-31 10883784 d:PlantMachinery 2023-07-31 10883784 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10883784 d:MotorVehicles 2023-08-01 2024-07-31 10883784 d:MotorVehicles 2024-07-31 10883784 d:MotorVehicles 2023-07-31 10883784 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10883784 d:OfficeEquipment 2023-08-01 2024-07-31 10883784 d:OfficeEquipment 2024-07-31 10883784 d:OfficeEquipment 2023-07-31 10883784 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10883784 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 10883784 d:CurrentFinancialInstruments 2024-07-31 10883784 d:CurrentFinancialInstruments 2023-07-31 10883784 d:Non-currentFinancialInstruments 2024-07-31 10883784 d:Non-currentFinancialInstruments 2023-07-31 10883784 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 10883784 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 10883784 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 10883784 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 10883784 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-07-31 10883784 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-07-31 10883784 d:ShareCapital 2024-07-31 10883784 d:ShareCapital 2023-07-31 10883784 d:RetainedEarningsAccumulatedLosses 2024-07-31 10883784 d:RetainedEarningsAccumulatedLosses 2023-07-31 10883784 c:FRS102 2023-08-01 2024-07-31 10883784 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10883784 c:FullAccounts 2023-08-01 2024-07-31 10883784 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10883784 2 2023-08-01 2024-07-31 10883784 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 10883784










SUTTON FARM BUTCHERS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2024

 
SUTTON FARM BUTCHERS LIMITED
REGISTERED NUMBER: 10883784

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,089
23,176

  
19,089
23,176

Current assets
  

Stocks
  
11,859
39,484

Debtors: amounts falling due within one year
 5 
15,994
18,116

Cash at bank and in hand
 6 
28,774
25,103

  
56,627
82,703

Creditors: amounts falling due within one year
 7 
(22,719)
(36,002)

Net current assets
  
 
 
33,908
 
 
46,701

Total assets less current liabilities
  
52,997
69,877

Creditors: amounts falling due after more than one year
 8 
(24,097)
(30,335)

Provisions for liabilities
  

Deferred tax
  
(3,627)
(3,381)

  
 
 
(3,627)
 
 
(3,381)

Net assets
  
25,273
36,161


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
25,173
36,061

  
25,273
36,161



 
SUTTON FARM BUTCHERS LIMITED
REGISTERED NUMBER: 10883784
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 April 2025.




D Farrall
Director

The notes on  form part of these financial statements.


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Sutton Farm Butchers Limited is a private limited company, limited by shares, incorporated in England and Wales, with its registered officce at Belmont House, Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG and its principal place of business at Unit 2, Sutton Farm Shopping Precinct, Tilstock Crescent, Shrewsbury, Shropshire, SY2 6HW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Reducing Balance
Motor vehicles
-
25%
Reducing Balance
Office equipment
-
15%
Reducing Balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
42,200
48,811

Cost of defined contribution scheme
1,218
1,043

43,418
49,854


The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2023
21,885
16,900
4,878
43,663


Additions
200
-
341
541



At 31 July 2024

22,085
16,900
5,219
44,204



Depreciation


At 1 August 2023
10,322
7,394
2,771
20,487


Charge for the year on owned assets
1,882
2,377
369
4,628



At 31 July 2024

12,204
9,771
3,140
25,115



Net book value



At 31 July 2024
9,881
7,129
2,079
19,089



At 31 July 2023
11,563
9,506
2,107
23,176


 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
5,330
6,297

Other debtors
10,182
10,876

Prepayments and accrued income
482
943

15,994
18,116



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
28,774
25,103

Less: bank overdrafts
-
(777)

28,774
24,326



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
-
777

Bank loans
7,634
7,734

Trade creditors
12,189
18,697

Other taxation and social security
571
5,241

Other creditors
322
1,906

Accruals and deferred income
2,003
1,647

22,719
36,002



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
24,097
30,335

24,097
30,335



 
SUTTON FARM BUTCHERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,634
7,734


7,634
7,734


Amounts falling due 2-5 years

Bank loans
24,097
30,335


24,097
30,335


31,731
38,069