IRIS Accounts Production v25.1.3.33 09719154 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097191542023-08-31097191542024-08-31097191542023-09-012024-08-31097191542022-08-31097191542022-09-012023-08-31097191542023-08-3109719154ns15:EnglandWales2023-09-012024-08-3109719154ns14:PoundSterling2023-09-012024-08-3109719154ns10:Director12023-09-012024-08-3109719154ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3109719154ns10:SmallEntities2023-09-012024-08-3109719154ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3109719154ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3109719154ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3109719154ns10:FullAccounts2023-09-012024-08-3109719154ns10:OrdinaryShareClass12023-09-012024-08-3109719154ns10:Director22023-09-012024-08-3109719154ns10:RegisteredOffice2023-09-012024-08-3109719154ns5:CurrentFinancialInstruments2024-08-3109719154ns5:CurrentFinancialInstruments2023-08-3109719154ns5:Non-currentFinancialInstruments2024-08-3109719154ns5:Non-currentFinancialInstruments2023-08-3109719154ns5:ShareCapital2024-08-3109719154ns5:ShareCapital2023-08-3109719154ns5:RetainedEarningsAccumulatedLosses2024-08-3109719154ns5:RetainedEarningsAccumulatedLosses2023-08-3109719154ns5:PlantMachinery2023-09-012024-08-3109719154ns5:MotorVehicles2023-09-012024-08-3109719154ns5:ComputerEquipment2023-09-012024-08-3109719154ns5:PlantMachinery2023-08-3109719154ns5:MotorVehicles2023-08-3109719154ns5:ComputerEquipment2023-08-3109719154ns5:PlantMachinery2024-08-3109719154ns5:MotorVehicles2024-08-3109719154ns5:ComputerEquipment2024-08-3109719154ns5:PlantMachinery2023-08-3109719154ns5:MotorVehicles2023-08-3109719154ns5:ComputerEquipment2023-08-3109719154ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3109719154ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-012024-08-3109719154ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-08-3109719154ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3109719154ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3109719154ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3109719154ns10:OrdinaryShareClass12024-08-31
REGISTERED NUMBER: 09719154 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Capital Meats (Wholesale) Limited

Capital Meats (Wholesale) Limited (Registered number: 09719154)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Capital Meats (Wholesale) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs S Scott
S Scott





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





BUSINESS ADDRESS: Kingslea House
Hacketts Lane
Henfield
West Sussex
BN5 9PY





REGISTERED NUMBER: 09719154 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

Capital Meats (Wholesale) Limited (Registered number: 09719154)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 20,700 35,152

CURRENT ASSETS
Stocks 55,000 55,000
Debtors 5 437,938 372,486
Cash at bank and in hand 19,505 5,257
512,443 432,743
CREDITORS
Amounts falling due within one year 6 478,539 356,764
NET CURRENT ASSETS 33,904 75,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,604

111,131

CREDITORS
Amounts falling due after more than one
year

7

6,675

15,187
NET ASSETS 47,929 95,944

CAPITAL & RESERVES
Called up share capital 8 60 60
Retained earnings 47,869 95,884
SHAREHOLDERS' FUNDS 47,929 95,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 28 May 2025 and were signed on its behalf by:





S Scott - Director


Capital Meats (Wholesale) Limited (Registered number: 09719154)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Capital Meats (Wholesale) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 20% on cost
Motor vehicles - 20% on cost
Office equipment - 20% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2023 - 5 ) .

Capital Meats (Wholesale) Limited (Registered number: 09719154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant & Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 27,957 59,495 2,485 89,937
Additions 939 - - 939
At 31 August 2024 28,896 59,495 2,485 90,876
DEPRECIATION
At 1 September 2023 21,919 31,249 1,617 54,785
Charge for year 3,082 11,899 410 15,391
At 31 August 2024 25,001 43,148 2,027 70,176
NET BOOK VALUE
At 31 August 2024 3,895 16,347 458 20,700
At 31 August 2023 6,038 28,246 868 35,152

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 41,500
DEPRECIATION
At 1 September 2023 27,650
Charge for year 8,300
At 31 August 2024 35,950
NET BOOK VALUE
At 31 August 2024 5,550
At 31 August 2023 13,850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 392,398 354,461
Other debtors 33,739 15,802
Deferred tax asset 11,801 592
Prepayments - 1,631
437,938 372,486

Capital Meats (Wholesale) Limited (Registered number: 09719154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,512 8,744
Trade creditors 409,622 308,562
Social security & other taxes 1,480 4,043
Other creditors 42,480 20,470
Directors' current accounts 10,945 10,945
Accrued expenses 5,500 4,000
478,539 356,764

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,675 15,187

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
60 Ordinary £1 60 60

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Scott.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Capital Meats (Wholesale) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Capital Meats (Wholesale) Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Capital Meats (Wholesale) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Capital Meats (Wholesale) Limited and state those matters that we have agreed to state to the Board of Directors of Capital Meats (Wholesale) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Capital Meats (Wholesale) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Capital Meats (Wholesale) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Capital Meats (Wholesale) Limited. You consider that Capital Meats (Wholesale) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Capital Meats (Wholesale) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


28 May 2025