26 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 87,000 52,200 4,350 56,550 30,450 34,800 xbrli:pure xbrli:shares iso4217:GBP 07933325 2024-04-01 2025-03-31 07933325 2025-03-31 07933325 2024-03-31 07933325 2023-04-01 2024-03-31 07933325 2024-03-31 07933325 2023-03-31 07933325 core:NetGoodwill 2024-04-01 2025-03-31 07933325 core:LandBuildings 2024-04-01 2025-03-31 07933325 core:PlantMachinery 2024-04-01 2025-03-31 07933325 core:FurnitureFittings 2024-04-01 2025-03-31 07933325 core:MotorVehicles 2024-04-01 2025-03-31 07933325 bus:Director1 2024-04-01 2025-03-31 07933325 bus:Director2 2024-04-01 2025-03-31 07933325 core:NetGoodwill 2024-03-31 07933325 core:NetGoodwill 2025-03-31 07933325 core:LandBuildings 2024-03-31 07933325 core:PlantMachinery 2024-03-31 07933325 core:FurnitureFittingsToolsEquipment 2024-03-31 07933325 core:MotorVehicles 2024-03-31 07933325 core:LandBuildings 2025-03-31 07933325 core:PlantMachinery 2025-03-31 07933325 core:FurnitureFittingsToolsEquipment 2025-03-31 07933325 core:MotorVehicles 2025-03-31 07933325 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 07933325 core:WithinOneYear 2025-03-31 07933325 core:WithinOneYear 2024-03-31 07933325 core:ShareCapital 2025-03-31 07933325 core:ShareCapital 2024-03-31 07933325 core:RetainedEarningsAccumulatedLosses 2025-03-31 07933325 core:RetainedEarningsAccumulatedLosses 2024-03-31 07933325 core:NetGoodwill 2024-03-31 07933325 core:LandBuildings 2024-03-31 07933325 core:PlantMachinery 2024-03-31 07933325 core:FurnitureFittingsToolsEquipment 2024-03-31 07933325 core:MotorVehicles 2024-03-31 07933325 bus:SmallEntities 2024-04-01 2025-03-31 07933325 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07933325 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07933325 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07933325 bus:FullAccounts 2024-04-01 2025-03-31 07933325 core:ComputerEquipment 2024-04-01 2025-03-31 07933325 core:AllAssociates 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 07933325
Archers Butchers Limited
Unaudited financial statements
31 March 2025
Archers Butchers Limited
Statement of financial position
31 March 2025
2025
2024
Note
£
£
£
£
Fixed assets
Intangible assets
5
30,450
34,800
Tangible assets
6
245,154
261,039
---------
---------
275,604
295,839
Current assets
Stocks
62,929
57,119
Debtors
7
53,890
36,595
Cash at bank and in hand
225,359
166,850
---------
---------
342,178
260,564
Creditors: Amounts falling due within one year
8
( 150,467)
( 128,279)
---------
---------
Net current assets
191,711
132,285
---------
---------
Total assets less current liabilities
467,315
428,124
Provisions
Taxation including deferred tax
( 60,674)
( 69,566)
---------
---------
Net assets
406,641
358,558
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
406,541
358,458
---------
---------
Shareholders funds
406,641
358,558
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Archers Butchers Limited
Statement of financial position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
J J O Archer
Mrs L J Archer
Director
Director
Company registration number: 07933325
Archers Butchers Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 177-179 Plumstead Road, Norwich, Norfolk, England, NR1 4AB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings and Improvements
-
10% straight line
Plant and Machinery
-
15% reducing balance
Fixture and Fittings
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Computer Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 26 (2024: 27 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
87,000
-------
Amortisation
At 1 April 2024
52,200
Charge for the year
4,350
-------
At 31 March 2025
56,550
-------
Carrying amount
At 31 March 2025
30,450
-------
At 31 March 2024
34,800
-------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
84,956
94,525
285,700
51,684
516,865
Additions
9,037
9,013
18,050
Disposals
( 1,099)
( 1,099)
-------
---------
---------
-------
---------
At 31 March 2025
84,956
103,562
293,614
51,684
533,816
-------
---------
---------
-------
---------
Depreciation
At 1 April 2024
40,011
26,378
158,668
30,769
255,826
Charge for the year
8,612
11,392
9,240
4,690
33,934
Disposals
( 1,098)
( 1,098)
-------
---------
---------
-------
---------
At 31 March 2025
48,623
37,770
166,810
35,459
288,662
-------
---------
---------
-------
---------
Carrying amount
At 31 March 2025
36,333
65,792
126,804
16,225
245,154
-------
---------
---------
-------
---------
At 31 March 2024
44,945
68,147
127,032
20,915
261,039
-------
---------
---------
-------
---------
7. Debtors
2025
2024
£
£
Trade debtors
33,237
32,432
Other debtors
20,653
4,163
-------
-------
53,890
36,595
-------
-------
8. Creditors: Amounts falling due within one year
2025
2024
£
£
Trade creditors
55,344
33,684
Social security and other taxes
77,693
56,391
Pension contributions creditor
3,813
2,311
Other creditors
13,617
35,893
---------
---------
150,467
128,279
---------
---------
9. Directors' advances, credits and guarantees
During the year, the company was provided with a loan from the directors. On 31 March 2025, the amount owed by the directors to the company was £1,560 (2024: the company owed the directors £27,177).
10. Related party transactions
The company's premises are rented from a family trust of which J J O Archer is a beneficiary.