Company No: 06732208 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	935,208		653,220
		935,208		653,220
Current assets
Stocks	5	330,740		288,000
Debtors	6	932,232		874,260
Cash at bank and in hand		91,034		36,371
		1,354,006		1,198,631
Creditors: amounts falling due within one year	7	( 2,057,579)		( 1,455,432)
Net current liabilities		(703,573)		(256,801)
Total assets less current liabilities		231,635		396,419
Creditors: amounts falling due after more than one year	8	( 37,146)		( 152,473)
Provision for liabilities	9	( 150,470)		( 77,133)
Net assets		44,019		166,813
Capital and reserves
Called-up share capital		13		13
Fair value reserve	10	245,004		69,648
Capital redemption reserve		7		7
Profit and loss account		( 201,005 )		97,145
Total shareholders' funds		44,019		166,813

For the financial year ending 31 October 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Buxton Butchers Ltd (registered number: 06732208) were approved and authorised for issue by the Board of Directors on 03 November 2026. They were signed on its behalf by:

Nigel Ewart Buxton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buxton Butchers Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24a Marsh Lane Industrial Estate, Bristol, BS20 0NH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for butchery products provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	15 % reducing balance
Office equipment	20 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	50		54

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 November 2024	7,610		7,610
At 31 October 2025	7,610		7,610
Accumulated amortisation
At 01 November 2024	7,610		7,610
At 31 October 2025	7,610		7,610
Net book value
At 31 October 2025	0		0
At 31 October 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 November 2024	516,638		487,976		22,353		68,659		15,053		1,110,679
Additions	0		69,649		20,000		6,961		7,098		103,708
Revaluations	233,808		0		0		0		0		233,808
At 31 October 2025	750,446		557,625		42,353		75,620		22,151		1,448,195
Accumulated depreciation
At 01 November 2024	80,114		308,728		18,790		35,728		14,099		457,459
Charge for the financial year	10,333		37,314		2,046		5,454		381		55,528
At 31 October 2025	90,447		346,042		20,836		41,182		14,480		512,987
Net book value
At 31 October 2025	659,999		211,583		21,517		34,438		7,671		935,208
At 31 October 2024	436,524		179,248		3,563		32,931		954		653,220

Revaluation of tangible assets

The fair value of the freehold property is assessed annually and the carrying value adjusted as required. The directors, who are internal to the company, have assessed the fair value of the property on an open market value basis, based on available market data. There has been no valuation of freehold property by an independent valuer.

The adjustment is recognised in the fair value reserve along with deferred tax on the revaluation.

The historical cost of freehold property including improvements at 31 October 2025 was £423,776.

5. Stocks

	2025		2024
	£		£
Stocks	330,740		288,000

6. Debtors

	2025		2024
	£		£
Trade debtors	830,558		736,446
Amounts owed by related parties	0		43,878
Other debtors	101,674		93,936
	932,232		874,260

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	107,714		120,778
Trade creditors	1,428,852		1,247,854
Taxation and social security	42,069		39,937
Obligations under finance leases and hire purchase contracts	7,452		3,442
Other creditors	471,492		43,421
	2,057,579		1,455,432

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	37,146		145,021
Obligations under finance leases and hire purchase contracts	0		7,452
	37,146		152,473

9. Provision for liabilities

	2025		2024
	£		£
Deferred tax	150,470		77,133

10. Changes in equity

	Fair value reserve
	£
At 01 November 2024	69,648
Transfer from profit and loss reserve in respect of fair value adjustment on land and buildings revaluation	233,808
Transfer from profit and loss reserve in respect of deferred tax charge on the fair value adjustment on land and buildings revaluation	( 58,452)
Total comprehensive loss	175,356
At 31 October 2025	245,004
At 01 November 2023	69,648
At 31 October 2024	69,648

11. Related party transactions

Transactions with the entity's directors

N. Buxton:
At 1 November 2024 the balance owed from the directors was £46,770. During the year, the company made advances to directors amounting to £47,850 and received repayments of £65,344 leaving a balance due from the directors of £29,276.

At 1 November 2023 the balance owed from the directors was £32,138. During the year, the company made advances to directors amounting to £73,632 and received repayments of £59,000 leaving a balance due from the directors of £46,770.

The Directors' loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

B Millard:
At 1 November 2024 the balance owed from the director was £11,775. During the year, the company made advances to the director amounting to £11,024 and received repayments of £11,775, leaving a balance due from the director of £11,024.

At 1 November 2023 the balance owed from the director was £5,455. During the year, the company made advances to director amounting to £17,809 and received repayments of £11,489 leaving a balance due from the director of £11,775.

The Directors' loan accounts are repayable on demand and interest has been charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

12. Ultimate controlling party

Parent Company:

Buxton Butchers Holdings Ltd

137 Downend Road, Bristol, BS16 5DT