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REGISTERED NUMBER: 10660340 (England and Wales)
















BUTCH ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

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


BUTCH ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: S L Rickwood
J L Rickwood





SECRETARY: J L Rickwood





REGISTERED OFFICE: 2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL





REGISTERED NUMBER: 10660340 (England and Wales)





ACCOUNTANTS: Lakeview Southern Limited
Chartered Accountants
2 Lakeview Stables
Lower St. Clere
Kemsing
Sevenoaks
Kent
TN15 6NL

BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 74,034 83,018

CURRENT ASSETS
Stocks 16,474 20,460
Debtors 5 57,699 34,350
Cash at bank and in hand 26,136 71,270
100,309 126,080
CREDITORS
Amounts falling due within one year 6 144,560 160,382
NET CURRENT LIABILITIES (44,251 ) (34,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,783

48,716

CREDITORS
Amounts falling due after more than one year 7 (9,168 ) (19,574 )

PROVISIONS FOR LIABILITIES (14,188 ) (15,773 )
NET ASSETS 6,427 13,369

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,426 13,368
6,427 13,369

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.

BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

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 12 February 2025 and were signed on its behalf by:




J L Rickwood - Director



S L Rickwood - Director


BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Butch Associates Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 10 years
Plant and machinery etc - 25% on reducing balance and 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

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 25 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 54,087 139,461 193,548
Additions - 16,182 16,182
Disposals - (2,700 ) (2,700 )
At 31 July 2024 54,087 152,943 207,030
DEPRECIATION
At 1 August 2023 32,453 78,077 110,530
Charge for year 5,409 18,903 24,312
Eliminated on disposal - (1,846 ) (1,846 )
At 31 July 2024 37,862 95,134 132,996
NET BOOK VALUE
At 31 July 2024 16,225 57,809 74,034
At 31 July 2023 21,634 61,384 83,018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 57,699 34,350

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 16,393 14,510
Taxation and social security 24,392 32,459
Other creditors 93,775 103,413
144,560 160,382

BUTCH ASSOCIATES LIMITED (REGISTERED NUMBER: 10660340)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 9,168 19,574

8. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed the directors £90,091 (2023: £110,034).

Also at the balance sheet date the company was owed £59,049 (2023: £25,500) by BB Associates Ltd, a company in which the directors have a common interest.