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Registered number: 08800882
TRUSSELS BUTCHERS LTD
Financial Statements
For The Year Ended 31 March 2025
Pennington Williams Limited
Chartered Certified Accountants
STANHOPE HOUSE
MARK RAKE
BROMBOROUGH
WIRRAL
CH62 2DN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08800882
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,774 11,024
4,774 11,024
CURRENT ASSETS
Stocks 6 20,765 11,996
Debtors 7 57,989 120,897
Cash at bank and in hand 212,476 154,997
291,230 287,890
Creditors: Amounts Falling Due Within One Year 8 (62,184 ) (65,383 )
NET CURRENT ASSETS (LIABILITIES) 229,046 222,507
TOTAL ASSETS LESS CURRENT LIABILITIES 233,820 233,531
Creditors: Amounts Falling Due After More Than One Year 9 (3,334 ) (13,333 )
NET ASSETS 230,486 220,198
CAPITAL AND RESERVES
Called up share capital 10 101 101
Profit and Loss Account 230,385 220,097
SHAREHOLDERS' FUNDS 230,486 220,198
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr P Elleston
Director
22/12/2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
TRUSSELS BUTCHERS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 08800882 . The registered office is 1 Woodside Gardens, Hitchin, Hertfordshire, SG4 9JF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% Cost
Plant & Machinery 10% and 20% Cost
Motor Vehicles 25% Cost
Fixtures & Fittings 20% Cost
Computer Equipment 33.3% Cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense 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 profit as reported in the statement of comprehensive income 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 reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 90,000
As at 31 March 2025 90,000
Amortisation
As at 1 April 2024 90,000
As at 31 March 2025 90,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 36,345 54,637 34,293 25,889
Additions - 186 - 1,337
Disposals - - (16,025 ) -
As at 31 March 2025 36,345 54,823 18,268 27,226
Depreciation
As at 1 April 2024 34,547 50,294 31,622 23,677
Provided during the period 1,798 2,484 - 820
Disposals - - (13,354 ) -
As at 31 March 2025 36,345 52,778 18,268 24,497
Net Book Value
As at 31 March 2025 - 2,045 - 2,729
As at 1 April 2024 1,798 4,343 2,671 2,212
Computer Equipment Total
£ £
Cost
As at 1 April 2024 249 151,413
Additions - 1,523
Disposals - (16,025 )
As at 31 March 2025 249 136,911
Depreciation
As at 1 April 2024 249 140,389
Provided during the period - 5,102
Disposals - (13,354 )
As at 31 March 2025 249 132,137
Net Book Value
As at 31 March 2025 - 4,774
As at 1 April 2024 - 11,024
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6. Stocks
2025 2024
£ £
Stock 20,765 11,996
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 13,720 31,988
Other debtors 44,269 88,909
57,989 120,897
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,775 15,363
Bank loans and overdrafts 10,000 10,000
Other creditors 2,383 5,296
Taxation and social security 39,026 34,724
62,184 65,383
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 3,334 13,333
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 101
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Paul Elleston 82,029 114,810 155,300 - 41,539
The above loan is unsecured, interest charged at 2.25% and repayable on demand.
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