REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
FOR |
A C COUGHTREY & SON LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
FOR |
A C COUGHTREY & SON LIMITED |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
A C COUGHTREY & SON LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Grange House |
Grange Road |
Midhurst |
West Sussex |
GU29 9LS |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
STATEMENT OF FINANCIAL POSITION |
27 JULY 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
STATEMENT OF FINANCIAL POSITION - continued |
27 JULY 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
1. | STATUTORY INFORMATION |
A C Coughtrey & Son Limited is a |
The presentational currency of the financial statements is in Pound Sterling (£) which is rounded to the nearest pound (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover, relating to the preparation and sale of meat products, comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown as net sales including any rebates and discounts. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Land and Buildings are not depreciated as the residual value is at least equal to cost. Land and Buildings are stated at original cost and reviewed for impairment. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Financial instruments are classified by the director as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost.The company has no advanced financial instruments. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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. |
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. |
Employee benefits |
The costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
Going concern |
At the time of approving the financial statements, the directors have confirmed that the company ceased it's main butcher's trade on 25 March 2025. The company continues to be operational with respect to it's other operating rental income. Taking into consideration the period of trading post year end and the continuing operations of the business, the directors consider it appropriate for the company's financial statements to be prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
Additions |
At 27 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for period |
At 27 July 2024 |
NET BOOK VALUE |
At 27 July 2024 |
At 31 July 2023 |
A C COUGHTREY & SON LIMITED (REGISTERED NUMBER: 09278008) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2023 TO 27 JULY 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year the directors were advanced £79,857. At the end of the financial year the directors owed £43,835 (2023 : £Nil). Interest has been charged on the loan at 2.25% and there are no fixed terms for repayment. |
The company has a rent free licence with the directors to occupy the land and buildings and to rent it out as they see fit. |
8. | POST BALANCE SHEET EVENTS |
As disclosed in the going concern accounting policy, the company ceased it's main trade on 25 March 2025 on the grounds that the directors no longer wished to continue operating the butcher's shop. The company will continue to be operational with regard to it's rental operating income. |