Havercroft's Meats Ltd

(Registration number: 08911032)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	2,483	3,103
Tangible assets	5	59,474	55,353
		61,957	58,456
Current assets
Stocks	6	13,878	14,789
Debtors	7	143,540	137,655
Cash at bank and in hand		240,492	330,030
		397,910	482,474
Creditors: Amounts falling due within one year	8	(106,252)	(164,468)
Net current assets		291,658	318,006
Total assets less current liabilities		353,615	376,462
Provisions for liabilities		(14,869)	(13,838)
Net assets		338,746	362,624
Capital and reserves
Called up share capital		100	100
Retained earnings		338,646	362,524
Shareholders' funds		338,746	362,624

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Havercroft's Meats Ltd

(Registration number: 08911032)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 December 2025 and signed on its behalf by:
 

......................................... S J Havercroft Director

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible fixed assets

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on reducing balance
Motor vehicles	25% on reducing balance
Computer equipment	Straight line over 3 years
Fixtures and fittings	15% on reducing balance

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses in 2014 and 2020, is being amortised evenly over its estimated useful life of ten years.

Stocks

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

Stocks are valued on a first in, first out basis.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2	Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 9).

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	316,205	316,205
At 31 March 2025	316,205	316,205
Amortisation
At 1 April 2024	313,102	313,102
Amortisation charge	620	620
At 31 March 2025	313,722	313,722
Carrying amount
At 31 March 2025	2,483	2,483
At 31 March 2024	3,103	3,103

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Computer equipment  £	Plant and machinery  £	Total £
Cost or valuation
At 1 April 2024	57,393	78,277	7,334	54,281	197,285
Additions	-	15,995	-	2,450	18,445
Disposals	-	(8,995)	-	-	(8,995)
At 31 March 2025	57,393	85,277	7,334	56,731	206,735
Depreciation
At 1 April 2024	38,980	68,207	6,428	28,318	141,933
Charge for the year	2,762	6,389	778	3,887	13,816
Eliminated on disposal	-	(8,488)	-	-	(8,488)
At 31 March 2025	41,742	66,108	7,206	32,205	147,261
Carrying amount
At 31 March 2025	15,651	19,169	128	24,526	59,474
At 31 March 2024	18,414	10,070	906	25,963	55,353

6

Stocks

	2025 £	2024 £
Closing stock	13,878	14,789

Havercroft's Meats Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	136,462	126,144
Prepayments	7,078	11,511
	143,540	137,655

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	74,468	103,267
Taxation and social security	25,328	32,749
Accruals and deferred income	5,942	6,387
Other creditors	514	22,065
	106,252	164,468