Registered number
04536608
G Thomas Family Butchers Limited
Filleted Accounts
1 February 2025
G Thomas Family Butchers Limited
Registered number: 04536608
Balance Sheet
as at 1 February 2025
Notes 2025 2023
£ £
Fixed assets
Tangible assets 3 - 672
Current assets
Stocks - 2,326
Debtors 4 11,478 665
Cash at bank and in hand 22,760 23,171
34,238 26,162
Creditors: amounts falling due within one year 5 (32,217) (10,554)
Net current assets 2,021 15,608
Total assets less current liabilities 2,021 16,280
Provisions for liabilities - (128)
Net assets 2,021 16,152
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,020 16,151
Shareholder's funds 2,021 16,152
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Thomas
Director
Approved by the board on 8 April 2025
G Thomas Family Butchers Limited
Notes to the Accounts
for the period from 1 October 2023 to 1 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks 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.
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.
2 Employees 2025 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 October 2023 9,390
Disposals (9,390)
At 1 February 2025 -
Depreciation
At 1 October 2023 8,718
On disposals (8,718)
At 1 February 2025 -
Net book value
At 1 February 2025 -
At 30 September 2023 672
4 Debtors 2025 2023
£ £
Other debtors 11,478 665
5 Creditors: amounts falling due within one year 2025 2023
£ £
Trade creditors 565 469
Directors loan account 16,081 8,410
Taxation and social security costs 952 775
Other creditors 14,619 900
32,217 10,554
6 Controlling party
The company was under the control of G Thomas throughout the current and previous year. Mr Thomas is the company's director and he holds 100% of the company's issued share capital.
7 Other information
G Thomas Family Butchers Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Stag Drive
Huntington
Cannock
Staffs
WS12 4UJ
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