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Registered number: 05581635
A J Ward Butchers Limited
Unaudited Financial Statements
For The Year Ended 31 May 2026
Clarity Counts
Unit 10 Aylsham Business Park
Richard Oakes Road
Aylsham
Norfolk
NR11 6FD
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 05581635
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,500 9,000
Tangible Assets 5 13,187 13,046
17,687 22,046
CURRENT ASSETS
Stocks 6 9,675 8,680
Debtors 7 3,198 4,952
Cash at bank and in hand 93,566 80,670
106,439 94,302
Creditors: Amounts Falling Due Within One Year 8 (120,791 ) (112,918 )
NET CURRENT ASSETS (LIABILITIES) (14,352 ) (18,616 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,335 3,430
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,505 ) (3,207 )
NET ASSETS 830 223
CAPITAL AND RESERVES
Called up share capital 9 2 2
Income Statement 828 221
SHAREHOLDERS' FUNDS 830 223
Page 1
Page 2
For the year ending 31 May 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Christopher Turner
Director
Mrs Anna Turner
Director
30 October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
A J Ward Butchers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05581635 . The registered office is Unit 3, North Lynn Business Village Bergen Way, North Lynn Industrial Estate, King's Lynn, PE30 2JG.
The presentation currency of the financial statements is the Pound Sterling (£). 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Fixtures & Fittings 15% RB
Computer Equipment 3 Yr Straight-Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Financial Instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.
a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
d) Trade and other creditors
...CONTINUED
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2.6. Financial Instruments - continued
Debt instruments like loans and other accounts payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.7. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2025: 7)
7 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2025 90,000
As at 31 May 2026 90,000
Amortisation
As at 1 June 2025 81,000
Provided during the period 4,500
As at 31 May 2026 85,500
Net Book Value
As at 31 May 2026 4,500
As at 1 June 2025 9,000
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Page 5
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 June 2025 10,345 37,494 324 48,163
Additions - 1,865 1,049 2,914
As at 31 May 2026 10,345 39,359 1,373 51,077
Depreciation
As at 1 June 2025 9,232 25,777 108 35,117
Provided during the period 278 2,037 458 2,773
As at 31 May 2026 9,510 27,814 566 37,890
Net Book Value
As at 31 May 2026 835 11,545 807 13,187
As at 1 June 2025 1,113 11,717 216 13,046
6. Stocks
2026 2025
£ £
Stock 9,675 8,680
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 1,184 1,953
Prepayments and accrued income 657 572
VAT 1,357 2,427
3,198 4,952
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Bank loans and overdrafts - 210
Corporation tax 3,495 4,671
Accruals and deferred income 2,336 2,187
Directors' loan accounts 114,960 105,850
120,791 112,918
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 2 2
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