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REGISTERED NUMBER: 03744219 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SUSMANS BEST BEEF BILTONG CO. LTD

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUSMANS BEST BEEF BILTONG CO. LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L R Susman
Mrs J A Susman





SECRETARY: Mrs J A Susman





REGISTERED OFFICE: 100 Church Street
Brighton
East Sussex
BN1 1UJ





REGISTERED NUMBER: 03744219 (England and Wales)





ACCOUNTANTS: Paddenburg & Co Limited
100 Church Street
Brighton
East Sussex
BN1 1UJ

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 58,735 71,715

CURRENT ASSETS
Stocks 5 73,085 65,430
Debtors 6 29,977 16,871
Cash at bank and in hand 150 15,452
103,212 97,753
CREDITORS
Amounts falling due within one year 7 162,830 138,462
NET CURRENT LIABILITIES (59,618 ) (40,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(883

)

31,006

CREDITORS
Amounts falling due after more than one
year

8

(14,235

)

(21,594

)

PROVISIONS FOR LIABILITIES 9 (9,730 ) (9,304 )
NET (LIABILITIES)/ASSETS (24,848 ) 108

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,948 ) 8
SHAREHOLDERS' FUNDS (24,848 ) 108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Balance Sheet - continued
31 July 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 22 April 2025 and were signed on its behalf by:





L R Susman - Director


SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

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

1. STATUTORY INFORMATION

Susmans Best Beef Biltong Co. Ltd 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 comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on reducing balance
Plant and machinery - 33% on reducing balance and 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 22,962 127,947 24,482
Additions - 6,250 -
Disposals - - -
At 31 July 2024 22,962 134,197 24,482
DEPRECIATION
At 1 August 2023 15,312 75,212 18,827
Charge for year 1,915 12,340 1,130
Eliminated on disposal - - -
At 31 July 2024 17,227 87,552 19,957
NET BOOK VALUE
At 31 July 2024 5,735 46,645 4,525
At 31 July 2023 7,650 52,735 5,655

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 32,300 9,521 217,212
Additions - - 6,250
Disposals (32,300 ) - (32,300 )
At 31 July 2024 - 9,521 191,162
DEPRECIATION
At 1 August 2023 29,375 6,771 145,497
Charge for year 730 920 17,035
Eliminated on disposal (30,105 ) - (30,105 )
At 31 July 2024 - 7,691 132,427
NET BOOK VALUE
At 31 July 2024 - 1,830 58,735
At 31 July 2023 2,925 2,750 71,715

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 August 2023 53,661
Additions 6,250
Transfer to ownership (53,661 )
At 31 July 2024 6,250
DEPRECIATION
At 1 August 2023 21,876
Charge for year 95
Transfer to ownership (21,876 )
At 31 July 2024 95
NET BOOK VALUE
At 31 July 2024 6,155
At 31 July 2023 31,785

5. STOCKS
2024 2023
£    £   
Stocks 73,085 65,430

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,446 4,970
Tax 6,280 -
Prepayments 15,251 11,901
29,977 16,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,432 9,973
Hire purchase contracts 3,125 8,292
Trade creditors 87,317 89,895
Tax - 6,411
Social security and other taxes 2,252 1,532
VAT 1,493 2,237
Other creditors 31,440 -
Directors' loan accounts 2,971 15,322
Accrued expenses 4,800 4,800
162,830 138,462

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,225 10,225
Bank loans - 2-5 years 885 11,369
Hire purchase contracts 3,125 -
14,235 21,594

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 9,730 9,304

Deferred
tax
£   
Balance at 1 August 2023 9,304
Accelerated capital allowances 426
Balance at 31 July 2024 9,730

10. OTHER FINANCIAL COMMITMENTS

OPERATING LEASES

The company has obligations under operating leases of £19,904 payable within one year.

SUSMANS BEST BEEF BILTONG CO. LTD (REGISTERED NUMBER: 03744219)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party as both directors have equal share holding in the company.