Silverfin false false 31/10/2024 01/11/2023 31/10/2024 L E Buxton 24/10/2008 N E Buxton 24/10/2008 B J Millard 24/10/2008 10 July 2025 The principal activity of the Company during the financial year was that of retail and wholesale of butchery products. 06732208 2024-10-31 06732208 bus:Director1 2024-10-31 06732208 bus:Director2 2024-10-31 06732208 bus:Director3 2024-10-31 06732208 2023-10-31 06732208 core:CurrentFinancialInstruments 2024-10-31 06732208 core:CurrentFinancialInstruments 2023-10-31 06732208 core:Non-currentFinancialInstruments 2024-10-31 06732208 core:Non-currentFinancialInstruments 2023-10-31 06732208 core:ShareCapital 2024-10-31 06732208 core:ShareCapital 2023-10-31 06732208 core:FurtherSpecificReserve1ComponentTotalEquity 2024-10-31 06732208 core:FurtherSpecificReserve1ComponentTotalEquity 2023-10-31 06732208 core:CapitalRedemptionReserve 2024-10-31 06732208 core:CapitalRedemptionReserve 2023-10-31 06732208 core:RetainedEarningsAccumulatedLosses 2024-10-31 06732208 core:RetainedEarningsAccumulatedLosses 2023-10-31 06732208 core:Goodwill 2023-10-31 06732208 core:Goodwill 2024-10-31 06732208 core:LandBuildings 2023-10-31 06732208 core:PlantMachinery 2023-10-31 06732208 core:Vehicles 2023-10-31 06732208 core:FurnitureFittings 2023-10-31 06732208 core:OfficeEquipment 2023-10-31 06732208 core:LandBuildings 2024-10-31 06732208 core:PlantMachinery 2024-10-31 06732208 core:Vehicles 2024-10-31 06732208 core:FurnitureFittings 2024-10-31 06732208 core:OfficeEquipment 2024-10-31 06732208 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-10-31 06732208 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-10-31 06732208 core:CurrentFinancialInstruments core:Secured 2024-10-31 06732208 2023-11-01 2024-10-31 06732208 bus:FilletedAccounts 2023-11-01 2024-10-31 06732208 bus:SmallEntities 2023-11-01 2024-10-31 06732208 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 06732208 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 06732208 bus:Director1 2023-11-01 2024-10-31 06732208 bus:Director2 2023-11-01 2024-10-31 06732208 bus:Director3 2023-11-01 2024-10-31 06732208 core:Goodwill core:TopRangeValue 2023-11-01 2024-10-31 06732208 core:LandBuildings core:TopRangeValue 2023-11-01 2024-10-31 06732208 core:PlantMachinery 2023-11-01 2024-10-31 06732208 core:Vehicles 2023-11-01 2024-10-31 06732208 core:FurnitureFittings 2023-11-01 2024-10-31 06732208 core:OfficeEquipment core:TopRangeValue 2023-11-01 2024-10-31 06732208 2022-11-01 2023-10-31 06732208 core:LandBuildings 2023-11-01 2024-10-31 06732208 core:OfficeEquipment 2023-11-01 2024-10-31 06732208 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 06732208 (England and Wales)

BUXTON BUTCHERS LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

BUXTON BUTCHERS LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

BUXTON BUTCHERS LTD

BALANCE SHEET

As at 31 October 2024
BUXTON BUTCHERS LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 653,220 678,733
653,220 678,733
Current assets
Stocks 5 288,000 224,000
Debtors 6 874,260 818,606
Cash at bank and in hand 36,371 ( 39,929)
1,198,631 1,002,677
Creditors: amounts falling due within one year 7 ( 1,455,432) ( 1,206,452)
Net current liabilities (256,801) (203,775)
Total assets less current liabilities 396,419 474,958
Creditors: amounts falling due after more than one year 8 ( 152,473) ( 163,302)
Provision for liabilities 9 ( 77,133) ( 81,649)
Net assets 166,813 230,007
Capital and reserves
Called-up share capital 13 13
Fair value reserve 69,648 69,648
Capital redemption reserve 7 7
Profit and loss account 97,145 160,339
Total shareholder's funds 166,813 230,007

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Buxton Butchers Ltd (registered number: 06732208) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

N E Buxton
Director
BUXTON BUTCHERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
BUXTON BUTCHERS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buxton Butchers Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 137 Downend Road, Downend, Bristol, BS16 5DT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for butchery products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 20 % reducing balance
Vehicles 20 % reducing balance
Fixtures and fittings 15 % reducing balance
Office equipment 20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 54 43

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 7,610 7,610
At 31 October 2024 7,610 7,610
Accumulated amortisation
At 01 November 2023 7,610 7,610
At 31 October 2024 7,610 7,610
Net book value
At 31 October 2024 0 0
At 31 October 2023 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost/Valuation
At 01 November 2023 516,638 458,419 22,353 67,928 14,028 1,079,366
Additions 0 29,557 0 731 1,025 31,313
At 31 October 2024 516,638 487,976 22,353 68,659 15,053 1,110,679
Accumulated depreciation
At 01 November 2023 71,638 267,142 17,899 29,956 13,998 400,633
Charge for the financial year 8,476 41,586 891 5,772 101 56,826
At 31 October 2024 80,114 308,728 18,790 35,728 14,099 457,459
Net book value
At 31 October 2024 436,524 179,248 3,563 32,931 954 653,220
At 31 October 2023 445,000 191,277 4,454 37,972 30 678,733

5. Stocks

2024 2023
£ £
Stocks 288,000 224,000

6. Debtors

2024 2023
£ £
Trade debtors 736,446 714,825
Amounts owed by related parties 43,878 22,000
Corporation tax 0 9,941
Other debtors 93,936 71,840
874,260 818,606

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts (secured) 120,778 142,599
Trade creditors 1,247,854 1,000,326
Taxation and social security 39,937 27,281
Obligations under finance leases and hire purchase contracts (secured) 3,442 3,443
Other creditors 43,421 32,803
1,455,432 1,206,452

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 145,021 145,748
Obligations under finance leases and hire purchase contracts (secured) 7,452 10,895
Other creditors 0 6,659
152,473 163,302

Bank loans include two loans that are secured against the company's property and a Coronavirus Bounce Back Loan that is secured against the assets of the company.

The hire purchase loan is secured against the asset with a carrying value of £10,895, with £3,443 due within one year and the remaining £7,452 due after more than one year.

9. Provision for liabilities

2024 2023
£ £
Deferred tax 77,133 81,649

10. Related party transactions

Transactions with the entity's directors

N. Buxton:
At 1 November 2023 the balance owed from the directors was £32,138. During the year, the company made advances to directors amounting to £73,632 and received repayments of £59,000 leaving a balance due from the directors of £46,770.

At 1 November 2022 the balance owed from the directors was £nil. During the year, the company made advances to directors amounting to £32,138 and received repayments of £nil leaving a balance due from the directors of £32,138.

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

B Millard:
At 1 November 2023 the balance owed from the director was £5,455. During the year, the company made advances to director amounting to £17,809 and received repayments of £11,489 leaving a balance due from the director of £17,775.

At 1 November 2022 the balance owed from the director was £nil. During the year, the company made advances to director amounting to £5,455 and received repayments of £nil leaving a balance due from the director of £5,455.

The Directors loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

11. Ultimate controlling party

Parent Company:

Buxton Butchers Holdings Ltd
137 Downend Road, Bristol, BS16 5DT