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Registration number: 14482988

Slatters Butchers Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Slatters Butchers Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Slatters Butchers Limited

(Registration number: 14482988)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

13,960

15,705

Tangible assets

5

11,265

14,780

 

25,225

30,485

Current assets

 

Stocks

2,750

-

Debtors

6

3,117

7,728

Cash at bank and in hand

 

3,478

5,325

 

9,345

13,053

Creditors: Amounts falling due within one year

7

(30,283)

(43,095)

Net current liabilities

 

(20,938)

(30,042)

Total assets less current liabilities

 

4,287

443

Creditors: Amounts falling due after more than one year

7

(8,000)

(17,000)

Net liabilities

 

(3,713)

(16,557)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(3,813)

(16,657)

Shareholders' deficit

 

(3,713)

(16,557)

 

Slatters Butchers Limited

(Registration number: 14482988)
Balance Sheet as at 30 November 2024

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

Director's 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 director acknowledges his 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.

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 director on 12 June 2025
 

.........................................
Mr T O Gratton
Director

 

Slatters Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

The principal place of business is:
22 Greenfields
South Marston
Swindon
Wiltshire
SN3 4SQ

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 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 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.

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.

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

Plant and equipment

20% straight line

 

Slatters Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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

Goodwill

over 10 years

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.

Debtors

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 5).

 

Slatters Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2023

17,450

17,450

At 30 November 2024

17,450

17,450

Amortisation

At 1 December 2023

1,745

1,745

Amortisation charge

1,745

1,745

At 30 November 2024

3,490

3,490

Carrying amount

At 30 November 2024

13,960

13,960

At 30 November 2023

15,705

15,705

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2023

18,475

18,475

Additions

300

300

Disposals

(200)

(200)

At 30 November 2024

18,575

18,575

Depreciation

At 1 December 2023

3,695

3,695

Charge for the year

3,655

3,655

Eliminated on disposal

(40)

(40)

At 30 November 2024

7,310

7,310

Carrying amount

At 30 November 2024

11,265

11,265

At 30 November 2023

14,780

14,780

 

Slatters Butchers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,361

2,176

Other debtors

756

5,552

 

3,117

7,728

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

18,938

31,944

Taxation and social security

595

401

Other creditors

10,750

10,750

30,283

43,095

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

8,000

17,000

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

8,000

17,000

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £29,700 (2023 - £39,600).

The company has a rental lease expiring in November 2026 at an annual rental of £9,900.