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COMPANY REGISTRATION NUMBER: 04466939

Pepperell's Meats Limited

Unaudited financial statements

For the year ended

30 June 2025

Pepperell's Meats Limited

Statement of financial position

30 June 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Intangible assets | 5 |  | – |  | 16,500
Tangible assets | 6 |  | 395,888 |  | 367,676
|  | --------- |  | ---------
|  | 395,888 |  | 384,176

Current assets

Stocks | 7 | 76,271 |  | 61,374 |
Debtors | 8 | 164,388 |  | 173,728 |
Cash at bank and in hand | 19,777 |  | 35,697 |
| --------- |  | --------- |
| 260,436 |  | 270,799 |

Creditors: Amounts falling due within one year | 9 | ( 375,720) |  | ( 351,530) |
| --------- |  | --------- |
Net current liabilities |  | ( 115,284) |  | ( 80,731)
|  | --------- |  | ---------
Total assets less current liabilities |  | 280,604 |  | 303,445

Creditors: Amounts falling due after more than one year | 10 |  | ( 64,988) |  | ( 68,374)

Provisions

Taxation including deferred tax |  | ( 84,127) |  | ( 76,596)
|  | --------- |  | ---------
Net assets |  | 131,489 |  | 158,475
|  | --------- |  | ---------

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 131,389 |  | 158,375
|  | --------- |  | ---------
Shareholders funds |  | 131,489 |  | 158,475
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Pepperell's Meats Limited

Statement of financial position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

Mr C C Pepperell | Mrs R D Pepperell
Director | Director

Company registration number: 04466939

Pepperell's Meats Limited

Notes to the financial statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Wherry, Quay Street, Halesworth, Suffolk, IP19 8ET. The company's trading address is Unit 1, The Firs, Rendenhall Road, Harleston, IP20 9QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Amortisation | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Improvements to Leasehold Property | - | 2% straight line
| Plant & Machinery | - | 10% reducing balance
| Motor Vehicles | - | 33% reducing balance
| Office Equipment | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Defined contribution plans
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of employees during the year was 29 (2024: 28 ).
5. Intangible assets

| Goodwill | Intellectual property | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 and 30 June 2025 | 3,000 | 16,500 | 19,500
| ------ | ------- | -------
Amortisation |  |  |
At 1 July 2024 | 3,000 | – | 3,000
Charge for the year | – | 16,500 | 16,500
| ------ | ------- | -------
At 30 June 2025 | 3,000 | 16,500 | 19,500
| ------ | ------- | -------
Carrying amount |  |  |
At 30 June 2025 | – | – | –
| ------ | ------- | -------
At 30 June 2024 | – | 16,500 | 16,500
| ------ | ------- | -------

6. Tangible assets

| Improve- ments to Leasehold Property | Plant and Machinery | Motor Vehicles | Office Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 July 2024 | 97,935 | 410,720 | 129,870 | 42,286 | 680,811
Additions | – | 23,512 | 78,372 | 2,164 | 104,048
Disposals | – | ( 22,865) | ( 16,950) | ( 14,739) | ( 54,554)
| ------- | --------- | --------- | ------- | ---------
At 30 June 2025 | 97,935 | 411,367 | 191,292 | 29,711 | 730,305
| ------- | --------- | --------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 July 2024 | 34,579 | 199,153 | 57,618 | 21,785 | 313,135
Charge for the year | 1,959 | 21,903 | 35,787 | 5,213 | 64,862
Disposals | – | ( 16,499) | ( 13,415) | ( 13,666) | ( 43,580)
| ------- | --------- | --------- | ------- | ---------
At 30 June 2025 | 36,538 | 204,557 | 79,990 | 13,332 | 334,417
| ------- | --------- | --------- | ------- | ---------
Carrying amount |  |  |  |  |
At 30 June 2025 | 61,397 | 206,810 | 111,302 | 16,379 | 395,888
| ------- | --------- | --------- | ------- | ---------
At 30 June 2024 | 63,356 | 211,567 | 72,252 | 20,501 | 367,676
| ------- | --------- | --------- | ------- | ---------

7. Stocks

| 2025 | 2024
| £ | £
Raw materials and consumables | 76,271 | 61,374
| ------- | -------

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 135,978 | 129,902
Other debtors | 28,410 | 43,826
| --------- | ---------
| 164,388 | 173,728
| --------- | ---------

9. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 101,993 | 62,483
Trade creditors | 153,874 | 158,591
Social security and other taxes | 24,473 | 34,248
Other creditors | 95,380 | 96,208
| --------- | ---------
| 375,720 | 351,530
| --------- | ---------

Bank loans are secured in full by the company. Hire purchase agreements are secured on the assets to which they relate.
10. Creditors: Amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 359 | 9,103
Other creditors | 64,629 | 59,271
| ------- | -------
| 64,988 | 68,374
| ------- | -------

Bank loans are secured in full by the company. Hire purchase agreements are secured on the assets to which they relate.
11. Directors' advances, credits and guarantees
At the year end the directors owed the company £ 16,104 (2024: £ 16,267 ). Interest of £Nil (2024: £Nil) was charged on the loan at the official rate. The maximum overdrawn balance during the year was £16,267 (2024: £17,484).