COUTTS MEAT PROCESSING LTD

Company Registration Number:
13633105 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

COUTTS MEAT PROCESSING LTD

Contents of the Financial Statements

for the Period Ended 30 September 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

COUTTS MEAT PROCESSING LTD

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 802,282 601,095
Cost of sales: ( 285,934 ) ( 252,280 )
Gross profit(or loss): 516,348 348,815
Distribution costs: ( 134,237 ) ( 107,175 )
Administrative expenses: ( 230,951 ) ( 204,147 )
Other operating income: 92,869 50,307
Operating profit(or loss): 244,029 87,800
Interest receivable and similar income: 966 808
Interest payable and similar charges: ( 5,903 ) ( 5,110 )
Profit(or loss) before tax: 239,092 83,498
Tax: ( 4,381 ) ( 3,824 )
Profit(or loss) for the financial year: 234,711 79,674

COUTTS MEAT PROCESSING LTD

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 27,104 22,272
Tangible assets: 4 405,207 120,316
Total fixed assets: 432,311 142,588
Current assets
Stocks: 5 486,849 83,488
Debtors: 6 938,187 88,346
Cash at bank and in hand: 325,143 40,333
Total current assets: 1,750,179 212,167
Prepayments and accrued income: 92,870 50,307
Creditors: amounts falling due within one year: 7 ( 238,778 ) ( 27,332 )
Net current assets (liabilities): 1,604,271 235,142
Total assets less current liabilities: 2,036,582 377,730
Creditors: amounts falling due after more than one year: 8 ( 110,781 ) ( 3,056 )
Total net assets (liabilities): 1,925,801 374,674
Capital and reserves
Called up share capital: 1,691,090 295,000
Profit and loss account: 234,711 79,674
Total Shareholders' funds: 1,925,801 374,674

The notes form part of these financial statements

COUTTS MEAT PROCESSING LTD

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 October 2024
and signed on behalf of the board by:

Name: Edgar Moncada
Status: Director

The notes form part of these financial statements

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 28 10

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2023 24,119 8,362 32,481
Additions 6,444 1,312 7,756
Disposals
Revaluations
Transfers
At 30 September 2024 30,563 9,674 40,237
Amortisation
At 1 October 2023 8,597 1,612 10,209
Charge for year 2,649 275 2,924
On disposals
Other adjustments
At 30 September 2024 11,246 1,887 13,133
Net book value
At 30 September 2024 19,317 7,787 27,104
At 30 September 2023 15,522 6,750 22,272

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 31,038 15,670 29,113 21,872 45,426 143,119
Additions 58,831 30,461 56,336 46,910 96,855 289,393
Disposals
Revaluations
Transfers
At 30 September 2024 89,869 46,131 85,449 68,782 142,281 432,512
Depreciation
At 1 October 2023 7,035 3,133 5,627 2,224 4,784 22,803
Charge for year 1,995 775 725 387 620 4,502
On disposals
Other adjustments
At 30 September 2024 9,030 3,908 6,352 2,611 5,404 27,305
Net book value
At 30 September 2024 80,839 42,223 79,097 66,171 136,877 405,207
At 30 September 2023 24,003 12,537 23,486 19,648 40,642 120,316

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Stocks

2024 2023
£ £
Stocks 453,084 73,244
Payments on account 33,765 10,244
Total 486,849 83,488

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

6. Debtors

2024 2023
£ £
Trade debtors 77,197 77,197
Prepayments and accrued income 53,195 5,910
Other debtors 807,795 5,239
Total 938,187 88,346

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 18,644 2,001
Amounts due under finance leases and hire purchase contracts 20,289 2,214
Trade creditors 159,034 16,938
Taxation and social security 15,625 1,561
Accruals and deferred income 17,997 1,927
Other creditors 7,189 2,691
Total 238,778 27,332

COUTTS MEAT PROCESSING LTD

Notes to the Financial Statements

for the Period Ended 30 September 2024

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

2024 2023
£ £
Bank loans and overdrafts 20,102 1,203
Amounts due under finance leases and hire purchase contracts 14,139 380
Other creditors 76,540 1,473
Total 110,781 3,056