IRIS Accounts Production v25.1.4.42 13317965 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133179652023-03-31133179652024-03-31133179652023-04-012024-03-31133179652022-03-31133179652022-04-012023-03-31133179652023-03-3113317965ns15:EnglandWales2023-04-012024-03-3113317965ns14:PoundSterling2023-04-012024-03-3113317965ns10:Director12023-04-012024-03-3113317965ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113317965ns10:SmallEntities2023-04-012024-03-3113317965ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113317965ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113317965ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113317965ns10:FullAccounts2023-04-012024-03-3113317965ns10:OrdinaryShareClass12023-04-012024-03-3113317965ns10:RegisteredOffice2023-04-012024-03-3113317965ns5:CurrentFinancialInstruments2024-03-3113317965ns5:CurrentFinancialInstruments2023-03-3113317965ns5:Non-currentFinancialInstruments2024-03-3113317965ns5:Non-currentFinancialInstruments2023-03-3113317965ns5:ShareCapital2024-03-3113317965ns5:ShareCapital2023-03-3113317965ns5:RetainedEarningsAccumulatedLosses2024-03-3113317965ns5:RetainedEarningsAccumulatedLosses2023-03-3113317965ns5:PlantMachinery2023-04-012024-03-3113317965ns5:MotorVehicles2023-04-012024-03-3113317965ns5:PlantMachinery2023-03-3113317965ns5:FurnitureFittings2023-03-3113317965ns5:MotorVehicles2023-03-3113317965ns5:FurnitureFittings2023-04-012024-03-3113317965ns5:PlantMachinery2024-03-3113317965ns5:FurnitureFittings2024-03-3113317965ns5:MotorVehicles2024-03-3113317965ns5:PlantMachinery2023-03-3113317965ns5:FurnitureFittings2023-03-3113317965ns5:MotorVehicles2023-03-3113317965ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3113317965ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3113317965ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3113317965ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3113317965ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3113317965ns10:OrdinaryShareClass12024-03-31133179651ns10:Director12023-03-31133179651ns10:Director12022-03-31133179651ns10:Director12023-04-012024-03-31133179651ns10:Director12022-04-012023-03-31133179651ns10:Director12024-03-31133179651ns10:Director12023-03-31
REGISTERED NUMBER: 13317965 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

R M MEATS & SON LTD

R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R M MEATS & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: T Marsh





REGISTERED OFFICE: Jackson House
95a Station Road
Chingford
London
E4 7BU





REGISTERED NUMBER: 13317965 (England and Wales)





ACCOUNTANTS: Barrow LLP
Chartered Accountants
Jackson House
Station Road
Chingford
London
E4 7BU

R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 22,960 27,046

CURRENT ASSETS
Stocks 500 500
Debtors 6 143,859 41,433
Cash at bank 25,083 37,149
169,442 79,082
CREDITORS
Amounts falling due within one year 7 (155,740 ) (65,813 )
NET CURRENT ASSETS 13,702 13,269
TOTAL ASSETS LESS CURRENT LIABILITIES 36,662 40,315

CREDITORS
Amounts falling due after more than one year 8 (8,994 ) (15,223 )

PROVISIONS FOR LIABILITIES (5,740 ) (5,139 )
NET ASSETS 21,928 19,953

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 21,926 19,951
SHAREHOLDERS' FUNDS 21,928 19,953

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 June 2025 and were signed by:





T Marsh - Director


R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R M Meats & Son Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the sale of meat products.

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.
Office equipment - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred upon normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.


R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Office and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,010 5,702 20,974 27,686
Additions 494 2,333 - 2,827
At 31 March 2024 1,504 8,035 20,974 30,513
DEPRECIATION
At 1 April 2023 90 550 - 640
Charge for year 258 1,412 5,243 6,913
At 31 March 2024 348 1,962 5,243 7,553
NET BOOK VALUE
At 31 March 2024 1,156 6,073 15,731 22,960
At 31 March 2023 920 5,152 20,974 27,046

R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 20,974
NET BOOK VALUE
At 31 March 2024 20,974
At 31 March 2023 20,974

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 97,251 40,431
Other debtors 46,608 1,002
143,859 41,433

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,229 5,793
Trade creditors 112,810 34,766
Taxation and social security 33,101 16,485
Other creditors 3,600 8,769
155,740 65,813

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,994 15,223

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 15,223 21,016

R M MEATS & SON LTD (REGISTERED NUMBER: 13317965)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary Shares £1 2 2

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
T Marsh
Balance outstanding at start of year - -
Amounts advanced 45,366 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,366 -