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REGISTERED NUMBER: 02848266 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BEEF IMPROVEMENT GROUPING LIMITED

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEEF IMPROVEMENT GROUPING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Lord Middleton
L L Leachman
D T Watson
W P Okane
D B Burling
E W Rook





REGISTERED OFFICE: Southburn Offices
Southburn
Driffield
East Yorkshire
YO25 9ED





REGISTERED NUMBER: 02848266 (England and Wales)





ACCOUNTANTS: Bradbury & Co
Chartered Tax Advisers and Accountants
Driffield

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 28,099 12,825

CURRENT ASSETS
Stocks 70,435 193,092
Debtors 5 306,226 268,264
Cash at bank 201,181 136,379
577,842 597,735
CREDITORS
Amounts falling due within one year 6 (205,620 ) (193,347 )
NET CURRENT ASSETS 372,222 404,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,321

417,213

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 21,931 21,931
Retained earnings 377,890 394,782
SHAREHOLDERS' FUNDS 400,321 417,213

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

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

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:




D T Watson - Director Lord Middleton - Director




E W Rook - Director


BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

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


1. STATUTORY INFORMATION

Beef Improvement Grouping 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 the total amount, excluding value added tax, receivable by the company for goods and other services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles 25%
Plant &
machinery

20%


Stocks
Stocks are valued at the lower of cost or net realisable value.

Government grants
Government grants receivable in respect of expenditure charged to the revenue account during the year have been credited in the profit and loss account.

Government grants receivable in respect of capital are treated as deferred income, which is credited to the profit and loss account by instalments over the expected useful life of the related asset, on a basis consistent with the depreciation policy.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

BEEF IMPROVEMENT GROUPING LIMITED (REGISTERED NUMBER: 02848266)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 90,868 80,219 171,087
Additions - 25,990 25,990
Disposals - (45,989 ) (45,989 )
At 31 December 2024 90,868 60,220 151,088
DEPRECIATION
At 1 January 2024 90,868 67,394 158,262
Charge for year - 10,716 10,716
Eliminated on disposal - (45,989 ) (45,989 )
At 31 December 2024 90,868 32,121 122,989
NET BOOK VALUE
At 31 December 2024 - 28,099 28,099
At 31 December 2023 - 12,825 12,825

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,226 268,264

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 177,953 165,392
Taxation and social security 27,667 27,955
205,620 193,347