Smithfield Beef Company Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11312920 (England and Wales)

Unaudited Financial Statements

FOR THE PERIOD

1st April 2025 to 31st December 2025

for

SMITHFIELD BEEF COMPANY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G A Lawrence

E M Murphy

REGISTERED OFFICE:

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

REGISTERED NUMBER:

11312920 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Blackburn House

Third Floor East Suite

22-26 Eastern Road

Romford

Essex

RM1 3PJ

FIXED ASSETS

Tangible assets

4

653,377

653,752

CURRENT ASSETS

Stocks

112,559

134,807

Debtors

5

2,329,683

2,259,245

Cash at bank and in hand

369

123,069

2,442,611

2,517,121

CREDITORS

Amounts falling due within one year

6

1,364,643

1,323,291

NET CURRENT ASSETS

1,077,968

1,193,830

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,345

1,847,582

PROVISIONS FOR LIABILITIES

8

110,934

NET ASSETS

1,620,411

1,736,648

CAPITAL AND RESERVES

Called up share capital

100

Revaluation reserve

9

332,801

Retained earnings

1,287,510

1,403,747

1,620,411

1,736,648

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2026 and were signed on its behalf by:

G A Lawrence - Director

E M Murphy - Director

1.	STATUTORY INFORMATION

Smithfield Beef Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance and Straight line over 15 years

Stocks

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2025 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1st April 2025

and 31st December 2025

650,000

8,200

658,200

DEPRECIATION

At 1st April 2025

-

4,448

Charge for period

-

375

At 31st December 2025

-

4,823

NET BOOK VALUE

At 31st December 2025

650,000

3,377

653,377

At 31st March 2025

650,000

3,752

653,752

Cost or valuation at 31st December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2019

237,470

-

237,470

Valuation in 2023

206,265

-

206,265

Cost

206,265

8,200

214,465

650,000

8,200

658,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Trade debtors

1,257,213

985,552

Other debtors

1,072,470

1,273,693

2,329,683

2,259,245

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

£

Bank loans and overdrafts

19,582

-

Trade creditors

856,371

578,239

Taxation and social security

332,745

325,802

Other creditors

155,945

419,250

1,364,643

1,323,291

7.	SECURED DEBTS

The bank has a fixed and floating charge over the company's assets.

8.	PROVISIONS FOR LIABILITIES

2025

£

Deferred taxation

110,934

Deferred

tax

£

Balance at 1st April 2025

110,934

Short leasehold

Balance at 31st December 2025

110,934

9.

RESERVES

Revaluatio

reserve

£

At 1st April 2025

and 31st December 2025

332,801

10.	RELATED PARTY DISCLOSURES

At the Balance Sheet date the company owed £144,720 to G Lawrence (Wholesale Meat) Co Ltd. (2025 - £406,862 owed to G Lawrence (Wholesale Meat) Co Ltd)

Smithfield Beef Company Limited had the following transactions with related parties during the year:

December
2025

March 2025

Income/
(expense

)

Year end
debtor/
(creditor

)

Income/
(expense

)

Year end
debtor /
(creditor

)

£

Sales to related parties

343,687

110,751

402,370

89,400

Purchases from related parties

169,555

23,704

(183,297

)

(17,251

)

11.	ULTIMATE CONTROLLING PARTY

No one person or entity has a controlling stake in the company.