Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 04507420 Mr Fraser Payne Mrs Jan Payne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04507420 2023-08-31 04507420 2024-08-31 04507420 2023-09-01 2024-08-31 04507420 frs-core:CurrentFinancialInstruments 2024-08-31 04507420 frs-core:ComputerEquipment 2024-08-31 04507420 frs-core:ComputerEquipment 2023-09-01 2024-08-31 04507420 frs-core:ComputerEquipment 2023-08-31 04507420 frs-core:MotorVehicles 2024-08-31 04507420 frs-core:MotorVehicles 2023-09-01 2024-08-31 04507420 frs-core:MotorVehicles 2023-08-31 04507420 frs-core:PlantMachinery 2024-08-31 04507420 frs-core:PlantMachinery 2023-09-01 2024-08-31 04507420 frs-core:PlantMachinery 2023-08-31 04507420 frs-core:ShareCapital 2024-08-31 04507420 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 04507420 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04507420 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 04507420 frs-bus:SmallEntities 2023-09-01 2024-08-31 04507420 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04507420 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 04507420 frs-bus:Director1 2023-09-01 2024-08-31 04507420 frs-bus:Director2 2023-09-01 2024-08-31 04507420 frs-countries:EnglandWales 2023-09-01 2024-08-31 04507420 2022-08-31 04507420 2023-08-31 04507420 2022-09-01 2023-08-31 04507420 frs-core:CurrentFinancialInstruments 2023-08-31 04507420 frs-core:ShareCapital 2023-08-31 04507420 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 04507420
Frasers Quality Wholesale Meats Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
Bowyer Pounds & Co
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 04507420
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,714 10,404
7,714 10,404
CURRENT ASSETS
Debtors 5 147,116 142,494
Cash at bank and in hand 280,249 338,880
427,365 481,374
Creditors: Amounts Falling Due Within One Year 6 (160,832 ) (174,092 )
NET CURRENT ASSETS (LIABILITIES) 266,533 307,282
TOTAL ASSETS LESS CURRENT LIABILITIES 274,247 317,686
NET ASSETS 274,247 317,686
CAPITAL AND RESERVES
Called up share capital 7 10 10
Income Statement 274,237 317,676
SHAREHOLDERS' FUNDS 274,247 317,686
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Fraser Payne
Director
31/05/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Frasers Quality Wholesale Meats Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04507420 . The registered office is 76 Glebe Lane, Barming, Maidstone, Kent, ME16 9BD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Computer Equipment 33% straight line basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 2,882 36,871 1,172 40,925
As at 31 August 2024 2,882 36,871 1,172 40,925
Depreciation
As at 1 September 2023 2,109 28,122 290 30,521
Provided during the period 116 2,187 387 2,690
As at 31 August 2024 2,225 30,309 677 33,211
Net Book Value
As at 31 August 2024 657 6,562 495 7,714
As at 1 September 2023 773 8,749 882 10,404
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 146,828 142,059
Other debtors 288 435
147,116 142,494
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 90,017 112,293
Other creditors 67,653 43,894
Taxation and social security 3,162 17,905
160,832 174,092
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 3