REGISTERED NUMBER: 04811448 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

IRVINGS BUTCHERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J Turner

REGISTERED OFFICE:

45 Market Street

Ulverston

Cumbria

LA12 7LS

REGISTERED NUMBER:

04811448 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow in Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

476,841

465,803

476,841

465,803

CURRENT ASSETS

Stocks

7,400

15,000

Debtors

283,088

264,142

Cash in hand

369

2,305

290,857

281,447

CREDITORS

Amounts falling due within one year

187,222

199,576

NET CURRENT ASSETS

103,635

81,871

TOTAL ASSETS LESS CURRENT LIABILITIES

580,476

547,674

CREDITORS

Amounts falling due after more than one year

43,637

27,923

NET ASSETS

536,839

519,751

CAPITAL AND RESERVES

Called up share capital

8

27

27

Capital redemption reserve

6

6

Retained earnings

536,806

519,718

SHAREHOLDERS' FUNDS

536,839

519,751

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2025 and were signed by:

Mr J Turner - Director

1.	STATUTORY INFORMATION

Irvings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 net invoiced sales of goods and services, excluding VAT

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Goodwill is initially measured at cost. After initial recognition, goodwill is 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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

33% on cost

Depreciation of freehold property was introduced on 1st April 2021.

Stocks

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

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 18 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

680,895

Additions

51,041

Disposals

(2,600

)

At 31 March 2025

729,336

DEPRECIATION

At 1 April 2024

215,092

Charge for year

38,400

Eliminated on disposal

(997

)

At 31 March 2025

252,495

NET BOOK VALUE

At 31 March 2025

476,841

At 31 March 2024

465,803

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

Totals

£

COST

At 1 April 2024

110,829

Additions

40,346

At 31 March 2025

151,175

DEPRECIATION

At 1 April 2024

51,862

Charge for year

21,823

At 31 March 2025

73,685

NET BOOK VALUE

At 31 March 2025

77,490

At 31 March 2024

58,967

6.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

19,708

14,355

Between one and five years

43,637

27,923

63,345

42,278

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Mortgage

-

28,695

Hire purchase

63,345

42,278

63,345

70,973

National Westminster Bank plc held a floating charge over the company and legal charges over the companies two freehold properties. This has been fully repaid in the current financial year.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2

24

Redeemable

£1

24

24

1

Dividend

£1

1

1

27

27

9.	DIRECTOR'S 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

£

£

Mr J Turner

Balance outstanding at start of year

210,722

175,375

Amounts advanced

233,814

210,722

Amounts repaid

(210,722

)

(175,375

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

233,814

210,722

During the financial year the director was charged £4,945 (2024: £4,295) interest on the loan which is unsecured and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is owned and controlled by Mr J Turner.