0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,000 1,000 88 356 444 xbrli:pure xbrli:shares iso4217:GBP 10509974 2024-01-01 2024-12-31 10509974 2024-12-31 10509974 2023-12-31 10509974 2023-01-01 2023-12-31 10509974 2023-12-31 10509974 2022-12-31 10509974 core:MotorVehicles 2024-01-01 2024-12-31 10509974 core:NetGoodwill 2024-01-01 2024-12-31 10509974 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 10509974 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 10509974 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 10509974 bus:Director1 2024-01-01 2024-12-31 10509974 core:NetGoodwill 2024-12-31 10509974 core:PlantMachinery 2023-12-31 10509974 core:PlantMachinery 2024-12-31 10509974 core:DeferredTaxation 2024-01-01 2024-12-31 10509974 core:PlantMachinery 2024-01-01 2024-12-31 10509974 core:WithinOneYear 2024-12-31 10509974 core:WithinOneYear 2023-12-31 10509974 core:ShareCapital 2024-12-31 10509974 core:ShareCapital 2023-12-31 10509974 core:RetainedEarningsAccumulatedLosses 2024-12-31 10509974 core:RetainedEarningsAccumulatedLosses 2023-12-31 10509974 core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 10509974 core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10509974 core:PlantMachinery 2023-12-31 10509974 core:DeferredTaxation 2023-12-31 10509974 core:DeferredTaxation 2024-12-31 10509974 bus:SmallEntities 2024-01-01 2024-12-31 10509974 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 10509974 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10509974 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10509974 bus:FullAccounts 2024-01-01 2024-12-31 10509974 bus:OrdinaryShareClass1 2023-12-31 10509974 bus:OrdinaryShareClass2 2024-12-31 10509974 bus:OrdinaryShareClass3 2024-12-31 10509974 bus:AllOrdinaryShares 2024-12-31 10509974 bus:AllOrdinaryShares 2023-12-31 10509974 core:ComputerEquipment 2024-01-01 2024-12-31 10509974 core:ComputerEquipment 2024-12-31
COMPANY REGISTRATION NUMBER: 10509974
MEAT OUTDOORS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2024
MEAT OUTDOORS LTD
STATEMENT OF FINANCIAL POSITION
31 December 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
2,337
1,628
CURRENT ASSETS
Debtors
7
2,997
10,055
Cash at bank and in hand
11,547
3,700
---------
---------
14,544
13,755
CREDITORS: amounts falling due within one year
8
12,275
5,631
---------
---------
NET CURRENT ASSETS
2,269
8,124
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
4,606
9,752
PROVISIONS
Taxation including deferred tax
9
444
88
-------
-------
NET ASSETS
4,162
9,664
-------
-------
MEAT OUTDOORS LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
11
1
1
Profit and loss account
4,161
9,663
-------
-------
SHAREHOLDER FUNDS
4,162
9,664
-------
-------
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 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Miss L Matthews
Director
Company registration number: 10509974
MEAT OUTDOORS LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Nichols Way, Wetherby, West Yorkshire, LS22 6AD, England.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for catering services supplied. 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.
Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
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 years 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:
Plant and machinery
-
3 years straight line
Motor vehicles
-
25% reducing balance
Equipment
-
3 years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 January 2024 and 31 December 2024
1,000
-------
Amortisation
At 1 January 2024 and 31 December 2024
1,000
-------
Carrying amount
At 31 December 2024
-------
At 31 December 2023
-------
6. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2024
2,878
2,878
Additions
1,801
496
2,297
Disposals
( 470)
( 470)
-------
----
-------
At 31 December 2024
4,209
496
4,705
-------
----
-------
Depreciation
At 1 January 2024
1,250
1,250
Charge for the year
980
138
1,118
-------
----
-------
At 31 December 2024
2,230
138
2,368
-------
----
-------
Carrying amount
At 31 December 2024
1,979
358
2,337
-------
----
-------
At 31 December 2023
1,628
1,628
-------
----
-------
7. DEBTORS
2024
2023
£
£
Other debtors
2,997
10,055
-------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Corporation tax
3,661
1,345
Other creditors
8,614
4,286
---------
-------
12,275
5,631
---------
-------
9. PROVISIONS
Deferred tax (note 10)
£
At 1 January 2024
88
Additions
356
----
At 31 December 2024
444
----
10. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions (note 9)
444
88
----
----
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
444
88
----
----
11. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £– (2023 - £1) each
1
1
Ordinary A shares of £ 0.01 each
75
1
Ordinary B shares of £ 0.01 each
25
----
----
----
----
100
1
1
1
----
----
----
----
12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director had unsecured loans from the company. The balance owing to the company as at 1 January 2024 was £7,481. Advances of £21,464 and repayments of £29,000 were made during the year. The balance owing to the director as at 31 December 2024 was £55. This loan is repayable on demand.