REGISTERED NUMBER: 07559789 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WILTON FAMILY BUTCHERS LIMITED

TRADING AS

PETER MORRIS BUTCHERS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D H Wilton

K E Wilton

REGISTERED OFFICE:

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

REGISTERED NUMBER:

07559789 (England and Wales)

ACCOUNTANTS:

Whitakers

Chartered Accountants

Bryndon House

5/7 Berry Road

Newquay

Cornwall

TR7 1AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,418

31,193

36,418

31,193

CURRENT ASSETS

Stocks

6,300

4,500

Debtors

6

17,733

24,039

Cash at bank and in hand

17,401

30,702

41,434

59,241

CREDITORS

Amounts falling due within one year

7

46,211

39,853

NET CURRENT (LIABILITIES)/ASSETS

(4,777

)

19,388

TOTAL ASSETS LESS CURRENT LIABILITIES

31,641

50,581

CREDITORS

Amounts falling due after more than one year

8

(21,866

)

(19,521

)

PROVISIONS FOR LIABILITIES

(6,088

)

(5,042

)

NET ASSETS

3,687

26,018

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,587

25,918

SHAREHOLDERS' FUNDS

3,687

26,018

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

D H Wilton - Director

1.	STATUTORY INFORMATION

Wilton Family Butchers 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.

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 represents sales of meat and related butchery products net of VAT and any trade discounts. Income is recognised when the goods are physically received by the customers.

Goodwill

Goodwill, being the amount valued in connection with the incorporation of a business in 2011, has been amortised evenly over its estimated useful life of 10 years. 10 years beings the director's estimation of useful life, based upon the business being previously built up.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipmt

-

Straight line over 3 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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 element 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

80,000

AMORTISATION

At 1 April 2024

and 31 March 2025

80,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Office

machinery

fittings

vehicles

equipmt

Totals

£

£

£

£

£

COST

At 1 April 2024

8,318

14,045

42,194

375

64,932

Additions

-

-

17,999

-

17,999

Disposals

-

-

(11,199

)

-

(11,199

)

At 31 March 2025

8,318

14,045

48,994

375

71,732

DEPRECIATION

At 1 April 2024

3,978

11,933

17,453

375

33,739

Charge for year

651

317

10,311

-

11,279

Eliminated on disposal

-

-

(9,704

)

-

(9,704

)

At 31 March 2025

4,629

12,250

18,060

375

35,314

NET BOOK VALUE

At 31 March 2025

3,689

1,795

30,934

-

36,418

At 31 March 2024

4,340

2,112

24,741

-

31,193

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

30,995

Additions

17,999

At 31 March 2025

48,994

DEPRECIATION

At 1 April 2024

7,749

Charge for year

10,311

At 31 March 2025

18,060

NET BOOK VALUE

At 31 March 2025

30,934

At 31 March 2024

23,246

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

7,147

11,358

Other debtors

7,061

12,681

Directors' current accounts

3,525

-

17,733

24,039

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

4,000

4,000

Hire purchase contracts

6,096

2,614

Trade creditors

4,159

6,603

Corporation tax

-

149

Social security and other taxes

1,134

419

Other creditors

48

48

Directors' current accounts

29,083

24,400

Accrued expenses

1,691

1,620

46,211

39,853

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loan

1,333

5,333

Hire purchase contracts

20,533

14,188

21,866

19,521

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

5,333

9,333

Hire purchase contracts

26,629

16,802

31,962

26,135

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

D H Wilton

Balance outstanding at start of year

-

-

Amounts advanced

3,525

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,525

-

The amount advanced by the company to it's director Mr D H Wilton was repaid to the company on 8 December 2025.

The company paid rent of £9,000 to Mr D H Wilton and Mr K E Wilton in respect of business property owned by them personally.

11.	ULTIMATE CONTROLLING PARTY

During the period, the company was controlled by Mr D H Wilton by virtue of the fact that he owns 60% of the company's issued Ordinary share capital.

12.

CHARGE

A fixed and floating charge has been placed on the company's assets by NatWest bank for security on the finance obligations of the company directors.