IRIS Accounts Production v25.1.4.42 SC438883 director 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4388832024-02-29SC4388832025-02-28SC4388832024-03-012025-02-28SC4388832023-02-28SC4388832023-03-012024-02-29SC4388832024-02-29SC438883ns15:Scotland2024-03-012025-02-28SC438883ns14:PoundSterling2024-03-012025-02-28SC438883ns10:Director12024-03-012025-02-28SC438883ns10:PrivateLimitedCompanyLtd2024-03-012025-02-28SC438883ns10:SmallEntities2024-03-012025-02-28SC438883ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-28SC438883ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-28SC438883ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-28SC438883ns10:FullAccounts2024-03-012025-02-28SC438883ns5:CurrentFinancialInstruments2025-02-28SC438883ns5:CurrentFinancialInstruments2024-02-29SC438883ns5:ShareCapital2025-02-28SC438883ns5:ShareCapital2024-02-29SC438883ns5:RetainedEarningsAccumulatedLosses2025-02-28SC438883ns5:RetainedEarningsAccumulatedLosses2024-02-29SC438883ns5:PlantMachinery2024-03-012025-02-28SC438883ns5:PlantMachinery2024-02-29SC438883ns5:PlantMachinery2025-02-28SC438883ns5:PlantMachinery2024-02-29SC438883ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-29SC438883ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2025-02-28SC438883ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-012025-02-28SC438883ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-29SC438883ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-28SC438883ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29
REGISTERED NUMBER: SC438883 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Bryan Beveridge Quality Butchers Ltd

Bryan Beveridge Quality Butchers Ltd (Registered number: SC438883)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Balance Sheet 1

Notes to the Financial Statements 2


Bryan Beveridge Quality Butchers Ltd (Registered number: SC438883)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,236 11,717

CURRENT ASSETS
Stocks 12,157 13,039
Debtors 5 5,421 5,052
Cash at bank and in hand 29,412 14,988
46,990 33,079
CREDITORS
Amounts falling due within one year 6 (47,047 ) (41,590 )
NET CURRENT LIABILITIES (57 ) (8,511 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,179

3,206

PROVISIONS FOR LIABILITIES (4,415 ) (2,226 )
NET ASSETS 18,764 980

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,664 880
18,764 980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 16 June 2025 and were signed by:



Mr B Beveridge - Director


Bryan Beveridge Quality Butchers Ltd (Registered number: SC438883)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Bryan Beveridge Quality Butchers Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC438883. The registered office is Unit 5, Gateway Business Park, Beancross Road, Grangemouth FK3 8WX.

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 represents net invoiced sales of goods in respect of preparation and sale of butchery products, excluding value added tax. Sales are recognised at the point at which the goods are delivered.

Tangible fixed assets and depreciation
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 and machinery etc - 25% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Bryan Beveridge Quality Butchers Ltd (Registered number: SC438883)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 40,295
Additions 18,980
At 28 February 2025 59,275
DEPRECIATION
At 1 March 2024 28,578
Charge for year 7,461
At 28 February 2025 36,039
NET BOOK VALUE
At 28 February 2025 23,236
At 29 February 2024 11,717

Bryan Beveridge Quality Butchers Ltd (Registered number: SC438883)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2024 15,194
Transfer to ownership (15,194 )
At 28 February 2025 -
DEPRECIATION
At 1 March 2024 11,633
Charge for year 890
Transfer to ownership (12,523 )
At 28 February 2025 -
NET BOOK VALUE
At 28 February 2025 -
At 29 February 2024 3,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 356 101
Other debtors 5,065 4,951
5,421 5,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Hire purchase contracts - 909
Trade creditors 5,720 11,129
Taxation and social security 10,036 8,332
Other creditors 31,291 21,220
47,047 41,590

7. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Hire purchase contracts - 909

Amounts due on hire purchase are secured over the individual assets concerned.