C & S Meats (Smithfield) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05679637 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

C & S MEATS (SMITHFIELD) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mr C W Foley

Secretary:

Mr C W Foley

Registered office:

3rd Floor

86-90 Paul Street

London

EC2A 4NE

Registered number:

05679637 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

Broadwalk House, 5th Floor

5 Appold Street

Broadgate

London

EC2A 2AG

Fixed assets

Tangible assets

4

28,632

5,838

Current assets

Debtors

5

67,056

67,817

Cash at bank and in hand

66,555

57,622

133,611

125,439

Creditors

Amounts falling due within one year

6

82,896

81,320

Net current assets

50,715

44,119

Total assets less current liabilities

79,347

49,957

Creditors

Amounts falling due after more than one
year

7

(23,477

)

(13,333

)

Provisions for liabilities

9

(6,490

)

(1,109

)

Net assets

49,380

35,515

Capital and reserves

Called up share capital

10

100

Retained earnings

49,280

35,415

Shareholders' funds

49,380

35,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 9 October 2025 and were signed by:

Mr C W Foley - Director

1.	Statutory information

C & S Meats (Smithfield) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3.	Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

4.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

Cost

At 1 February 2024

-

21,495

628

22,123

Additions

39,645

-

39,645

Disposals

-

(21,495

)

-

(21,495

)

At 31 January 2025

39,645

-

628

40,273

Depreciation

At 1 February 2024

-

15,968

317

16,285

Charge for year

11,293

-

31

11,324

Eliminated on disposal

-

(15,968

)

-

(15,968

)

At 31 January 2025

11,293

-

348

11,641

Net book value

At 31 January 2025

28,352

-

280

28,632

At 31 January 2024

-

5,527

311

5,838

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

65,000

Other debtors

2,056

2,817

67,056

67,817

6.

Creditors: amounts falling due within one year

2025

2024

£

Bank loans and overdrafts

10,000

Hire purchase contracts (see note 8)

9,297

-

Trade creditors

60,180

60,210

Taxation and social security

617

7,316

Other creditors

2,802

3,794

82,896

81,320

7.

Creditors: amounts falling due after more than one year

2025

2024

£

Bank loans

3,334

13,333

Hire purchase contracts (see note 8)

20,143

-

23,477

13,333

8.	Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts

2025

2024

£

Net obligations repayable:

Within one year

9,297

10,983

Between one and five years

20,143

32,949

----------

29,440

43,932

======

9.	Provisions for liabilities

2025

2024

£

Deferred tax

6,490

1,109

Deferred tax

£

Balance at 1 February 2024

1,109

Provided during year

5,381

Balance at 31 January 2025

6,490

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

11.	Director's advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025

2024

£

Mr C W Foley

Balance outstanding at start of year

(1,740

)

(128

)

Amounts advanced

88,341

53,651

Amounts repaid

(87,350

)

(55,263

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(749

)

(1,740

)

Mr S Foley

Balance outstanding at start of year

-

(128

)

Amounts advanced

-

4,652

Amounts repaid

-

(4,524

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

Amounts advanced to the directors are interest free and repayable upon demand.