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Registration number: 13491809

A.Moss Family Butchers Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

A.Moss Family Butchers Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

A.Moss Family Butchers Ltd

Company Information

Director

Mr A J Moss

Registered office

5 Burton Road
Repton
Derby
DE65 6FL

Accountants

Coates and Partners Limited
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

A.Moss Family Butchers Ltd

(Registration number: 13491809)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

18,125

20,625

Tangible assets

5

74,118

53,500

 

92,243

74,125

Current assets

 

Stocks

6

5,702

8,062

Debtors

7

9,641

12,606

Cash at bank and in hand

 

154,974

113,373

 

170,317

134,041

Creditors: Amounts falling due within one year

8

(24,530)

(21,068)

Net current assets

 

145,787

112,973

Total assets less current liabilities

 

238,030

187,098

Creditors: Amounts falling due after more than one year

8

(109,352)

(102,860)

Provisions for liabilities

(11,675)

(6,904)

Net assets

 

117,003

77,334

Capital and reserves

 

Called up share capital

1

1

Retained earnings

117,002

77,333

Shareholders' funds

 

117,003

77,334

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

A.Moss Family Butchers Ltd

(Registration number: 13491809)
Balance Sheet as at 31 July 2024 (continued)

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 17 April 2025
 

.........................................
Mr A J Moss
Director

   
     
 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 13491809.

The address of its registered office is:
5 Burton Road
Repton
Derby
DE65 6FL
England

These financial statements were authorised for issue by the director on 17 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line basis

Land and buildings

17.91% straight line basis

Furniture, fittings and equipment

15% reducing balance

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

25,000

25,000

At 31 July 2024

25,000

25,000

Amortisation

At 1 August 2023

4,375

4,375

Amortisation charge

2,500

2,500

At 31 July 2024

6,875

6,875

Carrying amount

At 31 July 2024

18,125

18,125

At 31 July 2023

20,625

20,625

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

25,000

37,853

4,600

67,453

Additions

-

4,033

33,940

37,973

Disposals

-

-

(4,600)

(4,600)

At 31 July 2024

25,000

41,886

33,940

100,826

Depreciation

At 1 August 2023

7,836

4,840

1,277

13,953

Charge for the year

4,477

5,312

4,243

14,032

Eliminated on disposal

-

-

(1,277)

(1,277)

At 31 July 2024

12,313

10,152

4,243

26,708

Carrying amount

At 31 July 2024

12,687

31,734

29,697

74,118

At 31 July 2023

17,164

33,013

3,323

53,500

Included within the net book value of land and buildings above is £12,687 (2023 - £17,164) in respect of short leasehold land and buildings.
 

6

Stocks

2024
£

2023
£

Stock

5,702

8,062

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

7

Debtors

Current

2024
£

2023
£

Trade debtors

4,297

4,049

Prepayments

1,898

1,091

Other debtors

3,446

7,466

 

9,641

12,606

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

11,959

10,357

Taxation and social security

8,951

8,641

Accruals and deferred income

3,323

1,780

Other creditors

297

290

24,530

21,068

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other creditors

109,352

102,860

 

A.Moss Family Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £32,583 (2023 - £44,083). The financial commitments relate to operating lease payments due with £11,500 (2023: £11,500) due within one year and £21,083 (2023: £32,583) due after one year.