Hedges Butchers Limited - Filleted accounts

Registered number

10610212

Hedges Butchers Limited

Unaudited Filleted Accounts

31 March 2026

Hedges Butchers Limited
Registered number:		10610212
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	4		65,814			54,229

Current assets
Stocks		49,720			50,555
Debtors	5	218,577			195,092
Investments held as current assets	6	2			2
Cash at bank and in hand		66,389			58,870
		334,688			304,519

Creditors: amounts falling due within one year	7	(314,644)			(242,253)

Net current assets			20,044			62,266

Total assets less current liabilities			85,858			116,495


Provisions for liabilities			(11,208)			(5,860)


Net assets			74,650			110,635

Capital and reserves
Called up share capital			5			5
Profit and loss account			74,645			110,630

Shareholders' funds			74,650			110,635

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr Michael Ashton
Director
Approved by the board on 27 October 2026

Hedges Butchers Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

	Intangible fixed assets - goodwill
	Acquired goodwill is written off in equal annual installments over its estimated useful economic life of 5 years.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% straight line
	Motor vehicles	20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			17		17


3	Intangible fixed assets					£
	Goodwill:
	Cost
	At 1 April 2025					75,000
	At 31 March 2026					75,000

	Amortisation
	At 1 April 2025					75,000
	At 31 March 2026					75,000

	Net book value
	At 31 March 2026					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
	Cost	£	£		£
	At 1 April 2025	162,433		110,707		273,140
	Additions	-		49,400		49,400
	Disposals	-		(17,000)		(17,000)
	At 31 March 2026	162,433		143,107		305,540

	Depreciation
	At 1 April 2025	146,855		72,056		218,911
	Charge for the year	10,272		21,163		31,435
	On disposals	-		(10,620)		(10,620)
	At 31 March 2026	157,127		82,599		239,726

	Net book value
	At 31 March 2026	5,306		60,508		65,814
	At 31 March 2025	15,578		38,651		54,229


5	Debtors			2026		2025
£					£

	Trade debtors			189,166		166,657
	Other debtors			29,411		28,435
				218,577		195,092


6	Investments held as current assets			2026		2025
£					£
	Fair value
	Unlisted investments			2		2



7	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			177,813		159,859
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			26,744		5,267
	Taxation and social security costs			55,112		48,642
	Other creditors			54,975		28,485
				314,644		242,253


8	Other financial commitments			2026		2025
£					£

	Total future minimum payments under non-cancellable operating leases			77,120		59,236


9	Controlling party

	The company is controlled by Mr M Ashton and Mrs E Ashton, who have their combined majority shareholding in its ultimate parent company, Freack Holdings Limited.


10	Other information

	Hedges Butchers Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2 Hinksey Court
	Church Way
	Oxford
	OX2 9SX