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Registration number: 08717946

SJ & KK Limited

trading as Butchers

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 October 2024

 

SJ & KK Limited

trading as Butchers

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 10

 

SJ & KK Limited

trading as Butchers

Company Information

Directors

Mrs Susannah Richardson

Ms Katie Knox

Registered office

Units 5a+B
Rosewood Building
Cremer Street
London
E2 8GX

Accountants

SJ Accounts Solutions Limited
Steven Anderson FMAAT & AAT Licenced Accountant
Unit 11
Aylsham Business Park
Richard Oakes Road
Aylsham
Norwich
NR11 6FD

 

SJ & KK Limited

trading as Butchers

(Registration number: 08717946)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

36

Tangible assets

5

114,859

150,443

 

114,859

150,479

Current assets

 

Stocks

6

11,000

8,500

Debtors

7

240,761

273,457

Cash at bank and in hand

 

7,588

3,452

 

259,349

285,409

Prepayments and accrued income

 

4,905

9,071

Creditors: Amounts falling due within one year

(180,409)

(154,663)

Net current assets

 

83,845

139,817

Total assets less current liabilities

 

198,704

290,296

Creditors: Amounts falling due after more than one year

(169,617)

(227,186)

Accruals and deferred income

 

(12,110)

(32,302)

Net assets

 

16,977

30,808

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

16,877

30,708

Shareholders' funds

 

16,977

30,808

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

Directors' 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 directors acknowledge their 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

SJ & KK Limited

trading as Butchers

(Registration number: 08717946)
Abridged Balance Sheet as at 31 October 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................
Mrs Susannah Richardson
Director

.........................................
Ms Katie Knox
Director

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Units 5a+B
Rosewood Building
Cremer Street
London
E2 8GX
England

The principal place of business is:
Units 5a+B
Rosewood Building
Cremer Street
London
E2 8GX
England

These financial statements were authorised for issue by the Board on 27 March 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 abridged 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 abridged 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.

Going concern

The financial statements have been prepared on a going concern basis.

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

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.

Tax

The tax expense for the period comprises current 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.

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

Equipment and Fixtures

25% Reducing Balance

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

Lease Premium

Straight Line over 10 years

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2023 - 16).

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

4

Intangible assets

Total
£

Cost or valuation

At 1 November 2023

25,000

At 31 October 2024

25,000

Amortisation

At 1 November 2023

25,000

At 31 October 2024

25,000

Carrying amount

At 31 October 2024

-

At 31 October 2023

36

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

153,199

46,376

2,631

202,206

Additions

10,301

1,193

-

11,494

At 31 October 2024

163,500

47,569

2,631

213,700

Depreciation

At 1 November 2023

29,185

19,947

2,631

51,763

Charge for the year

26,107

20,971

-

47,078

At 31 October 2024

55,292

40,918

2,631

98,841

Carrying amount

At 31 October 2024

108,208

6,651

-

114,859

At 31 October 2023

124,014

26,429

-

150,443

Included within the net book value of land and buildings above is £108,208 (2023 - £124,015) in respect of short leasehold land and buildings.
 

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

6

Stocks

2024
£

2023
£

Other inventories

11,000

8,500

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Dividends

2024

2023

£

£

Interim dividend of £370.00 (2023 - £200.00) per ordinary share

37,000

20,000

 

 

10

Related party transactions

 

SJ & KK Limited

trading as Butchers

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 October 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

36,000

36,000