Company Registration No. 07439563 (England and Wales)
Master Gourmet Meats Ltd
Unaudited accounts
for the year ended 31 December 2024
Master Gourmet Meats Ltd
Unaudited accounts
Contents
Master Gourmet Meats Ltd
Company Information
for the year ended 31 December 2024
Directors
S Parkar
R Parkar
Company Number
07439563 (England and Wales)
Registered Office
Unit 6 25 Greenhill Crescent
Watford Enterprise Centre
Watford
Herts
WD18 8XU
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Master Gourmet Meats Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
64,811
26,951
Cash at bank and in hand
54,923
74,319
Creditors: amounts falling due within one year
(61,968)
(98,524)
Net current assets
96,482
80,349
Total assets less current liabilities
161,293
107,300
Creditors: amounts falling due after more than one year
(16,210)
(19,581)
Called up share capital
4
4
Profit and loss account
145,079
87,715
Shareholders' funds
145,083
87,719
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by
S Parkar
Director
Company Registration No. 07439563
Master Gourmet Meats Ltd
Notes to the Accounts
for the year ended 31 December 2024
Master Gourmet Meats Ltd is a private company, limited by shares, registered in England and Wales, registration number 07439563. The registered office is Unit 6 25 Greenhill Crescent, Watford Enterprise Centre, Watford, Herts, WD18 8XU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Master Gourmet Meats Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
68,843
18,569
14,361
101,773
Additions
52,387
-
-
52,387
At 31 December 2024
121,230
18,569
14,361
154,160
At 1 January 2024
48,282
12,637
13,903
74,822
Charge for the year
12,930
1,483
114
14,527
At 31 December 2024
61,212
14,120
14,017
89,349
At 31 December 2024
60,018
4,449
344
64,811
At 31 December 2023
20,561
5,932
458
26,951
Amounts falling due within one year
Trade debtors
70,181
73,957
Accrued income and prepayments
7,804
7,803
Other debtors
11,000
8,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,922
3,922
Trade creditors
25,098
58,517
Taxes and social security
27,532
26,793
Other creditors
1,966
4,103
Loans from directors
1,320
3,059
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 10 (2023: 5).