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THE BUTCHER'S JOINT LTD         

UNAUDITED           
FINANCIAL STATEMENTS            
FOR THE YEAR ENDED 30 SEPTEMBER 2024            
Registered number: 11439123            

 
THE BUTCHER'S JOINT LTD
REGISTERED NUMBER:11439123

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
95,638
119,548

Tangible assets
 5 
9,380
8,981

  
105,018
128,529

Current assets
  

Stocks
  
6,000
6,000

Debtors: amounts falling due within one year
 6 
17,968
19,962

Cash at bank and in hand
  
47,374
52,648

  
71,342
78,610

Creditors: amounts falling due within one year
 7 
(86,364)
(86,548)

Net current liabilities
  
 
 
(15,022)
 
 
(7,938)

Total assets less current liabilities
  
89,996
120,591

Provisions for liabilities
  

Deferred tax
  
(2,084)
(2,094)

Net assets
  
87,912
118,497


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
87,812
118,397

  
87,912
118,497

Page 1

 
THE BUTCHER'S JOINT LTD
REGISTERED NUMBER:11439123

BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.





S A Wright
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE BUTCHER'S JOINT LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Butchers' Joint Ltd is a private company limited by shares, incorporated in England and Wales. The company's principal place of business is 69 Church Street, Cromer, Norfolk, NR27 9HH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the Company in respect of the sales of meat and associated products.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Taxation is only recognised in the Statement of Comprehensive Income.

The current corporation tax charge is calculated on the basis of taxation rates and laws that have been enacted or substantively enacted by the balance sheet date in the United Kingdom.

The charge for taxation takes into account taxation deferred or accelerated as a result of all material timing differences between the treatment of certain items for taxation and accounting purposes. Deferred tax assets are recognised only to the extent that they are regarded as recoverable within the foreseeable future. Deferred tax assets and liabilities are not discounted.


Page 3

 
THE BUTCHER'S JOINT LTD


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Intangible assets

Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. Goodwill is amortised on a straight line basis to the Statement of Comprehensive Income over its estimated useful economic life of ten years.
 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives. A full years depreciation charge is provided in the year of acquisition and none in the year of disposal.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance


Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value.


 
2.9

Debtors

Debtors are measured at transaction price, less any impairment for bad or doubtful debts.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Creditors are measured at the transaction price.

Page 4

 
THE BUTCHER'S JOINT LTD


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet
 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from third parties.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees



The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 5

 
THE BUTCHER'S JOINT LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
239,098



At 30 September 2024

239,098



Amortisation


At 1 October 2023
119,550


Charge for the year on owned assets
23,910



At 30 September 2024

143,460



Net book value



At 30 September 2024
95,638



At 30 September 2023
119,548



Page 6

 
THE BUTCHER'S JOINT LTD

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 October 2023
6,000
15,530
1,462
22,992


Additions
-
-
2,566
2,566



At 30 September 2024

6,000
15,530
4,028
25,558



Depreciation


At 1 October 2023
4,576
8,319
1,116
14,011


Charge for the year on owned assets
356
1,082
729
2,167



At 30 September 2024

4,932
9,401
1,845
16,178



Net book value



At 30 September 2024
1,068
6,129
2,183
9,380



At 30 September 2023
1,424
7,211
346
8,981


6.


Debtors

2024
2023
£
£


Trade debtors
10,037
10,500

Other debtors
2,433
1,878

Prepayments and accrued income
5,498
7,584

17,968
19,962



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
17,021
13,994

Corporation tax
19,457
24,931

Other creditors
45,349
43,573

Accruals and deferred income
4,537
4,050

86,364
86,548


Page 7

 
THE BUTCHER'S JOINT LTD


 Page 8