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Registration number: 03375389

D J Haggett Butchers Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 June 2025

D J Haggett Butchers Ltd

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 7

D J Haggett Butchers Ltd

(Registration number: 03375389)
Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 2,935 | 3,669
Tangible assets | 5 | 19,241 | 18,817
|  | 22,176 | 22,486
Current assets |  |  |
Stocks |  | 300 | 100
Debtors | 6 | 473 | 5,340
Cash at bank and in hand |  | 43,806 | 32,599
|  | 44,579 | 38,039
Creditors: Amounts falling due within one year | 7 | (27,345) | (34,220)
Net current assets |  | 17,234 | 3,819
Net assets |  | 39,410 | 26,305
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 39,310 | 26,205
Shareholders' funds |  | 39,410 | 26,305

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 4 October 2025

D Haggett Director

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Redgate Farm
Bickleigh
Tiverton
Devon
EX16 8HF

Principal activity

The principal activity of the company is a hog roast business.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

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.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fittings, fixtures and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance
Computer equipment | 25% straight line
Property improvements | No depreciation

Impairment

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.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Other tangible assets | 10% straight line

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

2 | Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 5).

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

4 | Intangible assets

| Other intangible assets £ | Total £
Cost or valuation
At 1 July 2024 | 7,338 | 7,338
At 30 June 2025 | 7,338 | 7,338
Amortisation
At 1 July 2024 | 3,669 | 3,669
Amortisation charge | 734 | 734
At 30 June 2025 | 4,403 | 4,403
Carrying amount
At 30 June 2025 | 2,935 | 2,935
At 30 June 2024 | 3,669 | 3,669

5 | Tangible assets

| Property improvements £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 July 2024 | 16,020 | 6,069 | 1,134 | 27,833 | 51,056
Additions | - | - | 1,499 | - | 1,499
Disposals | - | - | (1,028) | - | (1,028)
At 30 June 2025 | 16,020 | 6,069 | 1,605 | 27,833 | 51,527
Depreciation
At 1 July 2024 | - | 5,494 | 1,134 | 25,611 | 32,239
Charge for the year | - | 144 | 375 | 556 | 1,075
Eliminated on disposal | - | - | (1,028) | - | (1,028)
At 30 June 2025 | - | 5,638 | 481 | 26,167 | 32,286
Carrying amount
At 30 June 2025 | 16,020 | 431 | 1,124 | 1,666 | 19,241
At 30 June 2024 | 16,020 | 575 | - | 2,222 | 18,817

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | - | 1,795
Other debtors | 37 | 3,277
Prepayments | 436 | 268
| 473 | 5,340

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 24,085 | 30,720
Taxation and social security | 17 | -
Accruals and deferred income | 2,568 | 3,500
Other creditors | 675 | -
| 27,345 | 34,220

8 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.

9 | Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | - | 2,500
| - | 2,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £Nil (2024 - £6,000).

D J Haggett Butchers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025 (continued)

10 | Related party transactions

Transactions with the director

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | At 30 June 2025 £
| 1,677 | 18,959 | (20,599) | 37

2024 | At 1 July 2023 £ | Advances to director £ | Repayments by director £ | At 30 June 2024 £
| (3,227) | 5,003 | (99) | 1,677