Company registration number 03536209 (England and Wales)
KURPAS MEATS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
KURPAS MEATS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
KURPAS MEATS LTD
BALANCE SHEET
AS AT
30 AUGUST 2024
30 August 2024
- 1 -
30 August 2024
2 September 2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
307,245
249,008
Current assets
Stocks
354,871
235,174
Debtors
4
970,795
1,010,015
Cash at bank and in hand
125,302
196,072
1,450,968
1,441,261
Creditors: amounts falling due within one year
5
(747,984)
(656,791)
Net current assets
702,984
784,470
Total assets less current liabilities
1,010,229
1,033,478
Provisions for liabilities
(68,611)
(46,978)
Net assets
941,618
986,500
Capital and reserves
Called up share capital
12,700
12,700
Profit and loss reserves
928,918
973,800
Total equity
941,618
986,500

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KURPAS MEATS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 AUGUST 2024
30 August 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
K Kurpas
Director
Company registration number 03536209 (England and Wales)
KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 AUGUST 2024
- 3 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% Straight line
Plant and equipment
15% reducing balance
Fixtures and fittings
15% reducing balance
Computers
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Company information

Kurpas Meats Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit 4 New Smithfield Market, New Smithfield Market, Openshaw, Manchester, M11 2WJ.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
21
18
KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
- 6 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 2 September 2023
-
0
842,905
842,905
Additions
32,801
114,399
147,200
Disposals
-
0
(71,809)
(71,809)
At 30 August 2024
32,801
885,495
918,296
Depreciation and impairment
At 2 September 2023
-
0
593,897
593,897
Depreciation charged in the year
-
0
72,372
72,372
Eliminated in respect of disposals
-
0
(55,218)
(55,218)
At 30 August 2024
-
0
611,051
611,051
Carrying amount
At 30 August 2024
32,801
274,444
307,245
At 1 September 2023
-
0
249,008
249,008
4
Debtors
2024
2023
as Restated
Amounts falling due within one year:
£
£
Trade debtors
883,068
862,325
Other debtors
87,727
147,690
970,795
1,010,015
KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
- 7 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
615,777
491,817
Taxation and social security
92,211
72,852
Other creditors
39,996
92,122
747,984
656,791
6
Financial commitments, guarantees and contingent liabilities

The directors' are not aware of any contingent liabilities.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
non-cancellable operating leases
40,214
23,676
8
Events after the reporting date

There have been no significant post balance sheet events.

KURPAS MEATS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 AUGUST 2024
- 8 -
9
Prior period adjustment
Reconciliation of changes in equity
3 September
1 September
2022
2023
£
£
Adjustments to prior year
Dividend Adjustment
-
14,000
Equity as previously reported
969,772
972,500
Equity as adjusted
969,772
986,500
Analysis of the effect upon equity
Profit and loss reserves
-
14,000
2024-08-302023-09-02falsefalsefalse19 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityP KurpasK KurpasN M KurpasW E JakemanP Kurpas035362092023-09-022024-08-30035362092024-08-30035362092023-09-0103536209core:LandBuildings2024-08-3003536209core:OtherPropertyPlantEquipment2024-08-3003536209core:LandBuildings2023-09-0103536209core:OtherPropertyPlantEquipment2023-09-0103536209core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3003536209core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-0103536209core:CurrentFinancialInstruments2024-08-3003536209core:CurrentFinancialInstruments2023-09-0103536209core:ShareCapital2024-08-3003536209core:ShareCapital2023-09-0103536209core:RetainedEarningsAccumulatedLosses2024-08-3003536209core:RetainedEarningsAccumulatedLosses2023-09-0103536209bus:Director12023-09-022024-08-3003536209core:LeaseholdImprovements2023-09-022024-08-3003536209core:PlantMachinery2023-09-022024-08-3003536209core:FurnitureFittings2023-09-022024-08-3003536209core:ComputerEquipment2023-09-022024-08-3003536209core:MotorVehicles2023-09-022024-08-30035362092022-09-032023-09-0103536209core:LandBuildings2023-09-0103536209core:OtherPropertyPlantEquipment2023-09-01035362092023-09-0103536209core:LandBuildings2023-09-022024-08-3003536209core:OtherPropertyPlantEquipment2023-09-022024-08-3003536209core:WithinOneYear2024-08-3003536209core:WithinOneYear2023-09-0103536209bus:PrivateLimitedCompanyLtd2023-09-022024-08-3003536209bus:SmallCompaniesRegimeForAccounts2023-09-022024-08-3003536209bus:FRS1022023-09-022024-08-3003536209bus:AuditExemptWithAccountantsReport2023-09-022024-08-3003536209bus:Director22023-09-022024-08-3003536209bus:Director32023-09-022024-08-3003536209bus:Director42023-09-022024-08-3003536209bus:CompanySecretary12023-09-022024-08-3003536209bus:FullAccounts2023-09-022024-08-30xbrli:purexbrli:sharesiso4217:GBP