1 April 2025 false No description of principal activity Taxfiler 2024.6 09397665 business:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 09397665 2025-03-31 09397665 2025-04-01 2026-03-31 09397665 business:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 09397665 business:AbridgedAccounts 2025-04-01 2026-03-31 09397665 2026-03-31 09397665 2025-03-31 09397665 core:WithinOneYear 2026-03-31 09397665 core:WithinOneYear 2025-03-31 09397665 core:ShareCapital core:PreviouslyStatedAmount 2026-03-31 09397665 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 09397665 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-03-31 09397665 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 09397665 core:PreviouslyStatedAmount 2026-03-31 09397665 core:PreviouslyStatedAmount 2025-03-31 09397665 business:SmallEntities 2025-04-01 2026-03-31 09397665 business:Director1 2025-04-01 2026-03-31 09397665 countries:EnglandWales 2025-04-01 2026-03-31 09397665 business:RegisteredOffice 2025-04-01 2026-03-31 09397665 core:PlantMachinery 2025-04-01 2026-03-31 09397665 core:FurnitureFittings 2025-04-01 2026-03-31 09397665 core:ComputerEquipment 2025-04-01 2026-03-31 09397665 core:AcceleratedTaxDepreciationDeferredTax 2026-03-31 09397665 core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 09397665 2024-03-31 09397665 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure
Company Registration No. 09397665 (England and Wales)
Olney Butchers Limited Unaudited accounts for filing with the registrar for the year ended 31 March 2026
Olney Butchers Limited Unaudited accounts for filing with the registrar Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Olney Butchers Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
4,818
5,630
Current assets
Inventories
8,000
5,000
Debtors
12,078
11,555
Cash at bank and in hand
2,174
4,292
22,252
20,847
Creditors: amounts falling due within one year
(27,539)
(34,935)
Net current liabilities
(5,287)
(14,088)
Total assets less current liabilities
(469)
(8,458)
Provisions for liabilities
Deferred tax
5
(1,204)
(1,407)
Net liabilities
(1,673)
(9,865)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(1,773)
(9,965)
Shareholders' funds
(1,673)
(9,865)
For the year ending 31 March 2026 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 1 July 2026 and were signed on its behalf by
Michael Farbon Director Company Registration No. 09397665
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Olney Butchers Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Olney Butchers Limited is a private company, limited by shares, registered in England and Wales, registration number 09397665. The registered office is Olney Butchers Ltd, 35 Market Place, Olney, Buckinghamshire, MK46 4AJ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
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.
Turnover
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.
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Olney Butchers Limited Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 April 2025
33,459
Additions
777
At 31 March 2026
34,236
Depreciation
At 1 April 2025
27,829
Charge for the year
1,589
At 31 March 2026
29,418
Net book value
At 31 March 2026
4,818
At 31 March 2025
5,630
5
Deferred taxation
2026
2025
£
£
Accelerated capital allowances
1,204
1,407
2026
2025
£
£
Provision at start of year
1,407
1,775
Credited to the profit and loss account
(203)
(368)
Provision at end of year
1,204
1,407
6
Transactions with related parties
As at 31 March 2026 there was a loan owed to the director totalling £10,419 (2025: £26,373). This loan is interest free and repayable on demand. At 31 March 2026, a loan of £9,382 was outstanding to a related party connected to the director. The loan is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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