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Registration number: 13458369

J & S Meats Ltd
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

J & S Meats Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

J & S Meats Ltd

Company Information

Directors | A M Findlay R V Creech

Registered office | Unit 5a Bridgewater Close Reading Berkshire RG30 1JT

J & S Meats Ltd

(Registration number: 13458369)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 38,750 | 69,750
Tangible assets | 5 | 72,274 | 70,717
|  | 111,024 | 140,467
Current assets |  |  |
Stocks |  | 22,946 | 26,251
Debtors | 6 | 349,859 | 281,436
Cash at bank and in hand |  | 3,287 | 44,979
|  | 376,092 | 352,666
Creditors: Amounts falling due within one year | 7 | (461,779) | (400,568)
Net current liabilities |  | (85,687) | (47,902)
Total assets less current liabilities |  | 25,337 | 92,565
Creditors: Amounts falling due after more than one year | 7 | (24,341) | (66,898)
Provisions for liabilities |  | - | (1,660)
Net assets |  | 996 | 24,007
Capital and reserves |  |  |
Called up share capital | 9 | 1,000 | 1,000
Retained earnings |  | (4) | 23,007
Shareholders' funds |  | 996 | 24,007

J & S Meats Ltd

(Registration number: 13458369)
Balance Sheet as at 30 April 2025 (continued)

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

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2025 and signed on its behalf by:

......................................... A M Findlay Director

J & S Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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 Unit 5a Bridgewater Close, Reading, Berkshire, RG30 1JT

2 | Accounting policies

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 presented in Sterling (£), which is also the functional currency of the company, rounded to the nearest £.

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Revenue recognition

Sales revenue (described as turnover) is measured at the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised on delivery of goods for trade sales and at the point of sale for retail sales.

Tax

Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.
Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

J & S Meats Ltd

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

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

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
Plant and machinery | Straight line over 4 years
Commercial vehicles | Straight line over 4 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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
Goodwill | Straight line over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

J & S Meats Ltd

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

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital flement of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are authorised.

Defined contribution pension obligation

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.

J & S Meats Ltd

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 9).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 155,000 | 155,000
At 30 April 2025 | 155,000 | 155,000
Amortisation
At 1 May 2024 | 85,250 | 85,250
Amortisation charge | 31,000 | 31,000
At 30 April 2025 | 116,250 | 116,250
Carrying amount
At 30 April 2025 | 38,750 | 38,750
At 30 April 2024 | 69,750 | 69,750

5 | Tangible assets

| Plant and machinery £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 24,595 | 84,565 | 109,160
Additions | 1,119 | 24,000 | 25,119
At 30 April 2025 | 25,714 | 108,565 | 134,279
Depreciation
At 1 May 2024 | 11,197 | 27,246 | 38,443
Charge for the year | 6,233 | 17,329 | 23,562
At 30 April 2025 | 17,430 | 44,575 | 62,005
Carrying amount
At 30 April 2025 | 8,284 | 63,990 | 72,274
At 30 April 2024 | 13,398 | 57,319 | 70,717

J & S Meats Ltd

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

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 311,873 | 260,757
Other debtors | 37,986 | 20,679
| 349,859 | 281,436

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 114,766 | 117,153
Trade creditors |  | 288,227 | 202,364
Taxation and social security |  | 21,897 | 21,089
Other creditors |  | 36,889 | 59,962
|  | 461,779 | 400,568

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 24,341 | 66,898

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 72,127 | 54,492
Hire purchase contracts | 30,139 | 25,161
Other borrowings | 12,500 | 37,500
| 114,766 | 117,153

Non-current loans and borrowings

J & S Meats Ltd

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

8 | Loans and borrowings (continued)

| 2025 £ | 2024 £
Hire purchase contracts | 24,341 | 34,398
Other borrowings | - | 32,500
| 24,341 | 66,898

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A shares of £1 each | 500 | 500 | 500 | 500
Ordinary B shares of £1 each | 500 | 500 | 500 | 500
| 1,000 | 1,000 | 1,000 | 1,000

10 | Obligations under leases

Operating leases

The total of future minimum lease payments is as follows:

| 2025 £ | 2024 £
Not later than one year | 3,600 | 14,400
Later than one year and not later than five years | - | 3,600
| 3,600 | 18,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £14,400 (2024 - £14,400).