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Company No: 04710963 (England and Wales)

# CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2025
CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 11,773 |  | 40,029
Tangible assets | 4 | 345,393 |  | 369,265
|  | 357,166 |  | 409,294
Current assets |  |  |  |
Stocks |  | 34,908 |  | 36,551
Debtors | 5 | 139,373 |  | 121,348
Cash at bank and in hand |  | 162,119 |  | 254,542
|  | 336,400 |  | 412,441
Creditors: amounts falling due within one year | 6 | ( 157,239) |  | ( 285,915)
Net current assets |  | 179,161 |  | 126,526
Total assets less current liabilities |  | 536,327 |  | 535,820
Creditors: amounts falling due after more than one year | 7 | ( 29,917) |  | ( 54,454)
Provision for liabilities | 8 | ( 17,219) |  | ( 21,956)
Net assets |  | 489,191 |  | 459,410
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 489,091 |  | 459,310
Total shareholders' funds |  | 489,191 |  | 459,410

For the financial year ending 31 March 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Clarkes Quality Meats (Hevingham) Limited (registered number: 04710963) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Alexander Martin Long Director |

24 November 2025

CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
CLARKES QUALITY MEATS (HEVINGHAM) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Clarkes Quality Meats (Hevingham) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bywater 16 Holt Road, Felthorpe, Norwich, NR10 4DB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

###### Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Leasehold improvements | 10 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Income Statement over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 20 |  | 21

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 181,309 |  | 181,309
At 31 March 2025 | 181,309 |  | 181,309
Accumulated amortisation |  |  |
At 01 April 2024 | 141,280 |  | 141,280
Charge for the financial year | 28,256 |  | 28,256
At 31 March 2025 | 169,536 |  | 169,536
Net book value |  |  |
At 31 March 2025 | 11,773 |  | 11,773
At 31 March 2024 | 40,029 |  | 40,029

#### 4. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 215,779 |  | 28,557 |  | 162,615 |  | 164,307 |  | 5,857 |  | 577,115
Additions | 0 |  | 0 |  | 9,165 |  | 12,011 |  | 0 |  | 21,176
At 31 March 2025 | 215,779 |  | 28,557 |  | 171,780 |  | 176,318 |  | 5,857 |  | 598,291
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 April 2024 | 0 |  | 27,281 |  | 73,055 |  | 105,099 |  | 2,415 |  | 207,850
Charge for the financial year | 0 |  | 1,077 |  | 25,886 |  | 16,363 |  | 1,722 |  | 45,048
At 31 March 2025 | 0 |  | 28,358 |  | 98,941 |  | 121,462 |  | 4,137 |  | 252,898
Net book value |  |  |  |  |  |  |  |  |  |  |
At 31 March 2025 | 215,779 |  | 199 |  | 72,839 |  | 54,856 |  | 1,720 |  | 345,393
At 31 March 2024 | 215,779 |  | 1,276 |  | 89,560 |  | 59,208 |  | 3,442 |  | 369,265

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 112,540 |  | 91,482
Prepayments | 874 |  | 1,358
VAT recoverable | 8,775 |  | 11,324
Other debtors | 17,184 |  | 17,184
| 139,373 |  | 121,348

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,463 |  | 10,205
Trade creditors | 62,805 |  | 165,685
Amounts owed to directors | 20,057 |  | 23,794
Accruals | 6,867 |  | 10,105
Taxation and social security | 34,456 |  | 53,904
Obligations under finance leases and hire purchase contracts (secured) | 14,084 |  | 14,085
Other creditors | 8,507 |  | 8,137
| 157,239 |  | 285,915

Hire purchase contracts are secured on the assets to which they relate.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 1,748 |  | 12,201
Obligations under finance leases and hire purchase contracts (secured) | 28,169 |  | 42,253
| 29,917 |  | 54,454

Hire purchase contracts are secured on the assets to which they relate.

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 21,956) |  | ( 21,672)
Credited/(charged) to the Income Statement | 4,737 |  | ( 284)
At the end of financial year | ( 17,219) |  | ( 21,956)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Accelerated capital allowances | ( 17,379) |  | ( 22,122)
Other timing differences | 160 |  | 166
| ( 17,219) |  | ( 21,956)

#### 9. Financial commitments

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 1,496 |  | 1,310

The pension cost charge represents contributions payable by the Company to the fund and amounted to £8,648 (2024: £7,989).