H&M Best Meat Ltd - Filleted accounts

Registered number

08517891

H&M Best Meat Ltd

Report and Accounts

31 March 2025

H&M Best Meat Ltd
Registered number:		08517891
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		140,249			96,730

Current assets
Stocks		58,501			45,000
Debtors	4	958,100			1,111,549
Cash at bank and in hand		25,682			351,750
		1,042,283			1,508,299

Creditors: amounts falling due within one year	5	(283,410)			(858,268)

Net current assets			758,873			650,031

Total assets less current liabilities			899,122			746,761

Creditors: amounts falling due after more than one year	6		(82,304)			(42,542)

Provisions for liabilities			(22,004)			(24,751)


Net assets			794,814			679,468

Capital and reserves
Called up share capital			100			100
Profit and loss account			794,714			679,368

Shareholder's funds			794,814			679,468

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Abdullah Altunatmaz
Director
Approved by the board on 2 December 2025

H&M Best Meat Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures & Fitting	20% on reducing balance
	Plant and machinery	25% on reducing balance
	Motor Vehicle	25% on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			32		32


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	41,643		195,180		236,823
	Additions	-		79,500		79,500
	At 31 March 2025	41,643		274,680		316,323

	Depreciation
	At 1 April 2024	10,922		129,171		140,093
	Charge for the year	6,229		29,752		35,981
	At 31 March 2025	17,151		158,923		176,074

	Net book value
	At 31 March 2025	24,492		115,757		140,249
	At 31 March 2024	30,721		66,009		96,730


4	Debtors			2025		2024
£					£

	Trade debtors			950,654		912,000
	Other debtors			7,446		199,549
				958,100		1,111,549


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			5,216		5,573
	Trade creditors			173,316		698,136
	Taxation and social security costs			59,714		127,669
	Other creditors			45,164		26,890
				283,410		858,268


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Other creditors			82,304		42,542


7	Other information

	H&M Best Meat Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	500 White Hart Lane
	London
	N17 7NA