Traditional Meats Limited Filleted accounts for Companies House (small and micro)

TRADITIONAL MEATS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 1135507

TRADITIONAL MEATS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2018

TRADITIONAL MEATS LIMITED

STATEMENT OF FINANCIAL POSITION

30 November 2018

	2018		2017
Note	£	£	£

FIXED ASSETS

Tangible assets	4		49,341	49,341

CURRENT ASSETS

Debtors	5	6,339	6,377
Cash at bank and in hand		24,722	22,482
		--------	--------
		31,061	28,859

CREDITORS: amounts falling due within one year	6	4,765		2,355
		--------		--------
NET CURRENT ASSETS			26,296	26,504
			--------	--------
TOTAL ASSETS LESS CURRENT LIABILITIES			75,637	75,845
			--------	--------
NET ASSETS			75,637	75,845
			--------	--------

CAPITAL AND RESERVES

Called up share capital	3,000	3,000
Profit and loss account	72,637	72,845
	--------	--------
SHAREHOLDERS FUNDS	75,637	75,845
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 November 2018 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

TRADITIONAL MEATS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 November 2018

These financial statements were approved by the board of directors and authorised for issue on 22 February 2019 , and are signed on behalf of the board by:

J Worsley
Director

Company registration number: 1135507

TRADITIONAL MEATS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2018

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Water Lane Farm, Woolley, Wakefield, WF4 2JQ.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. ACCOUNTING POLICIES

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Current & deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Compliance with SSAP 19 'Accounting for Investment Properties' requires a departure from the requirements of the Companies Act 2006 relating to the depreciation of investment properties. The properties are held for investment and the directors consider the adoption of this policy is necessary to give a true and fair view. SSAP 19 requires properties held for investment to be included in the balance sheet at their open market value, but the directors consider that to comply with this requirement would involve unjustifiable expense. Therefore the properties in the accounts are stated at cost.

(d) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	10% reducing balance

(e) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. TANGIBLE ASSETS

	Land and buildings
	£
Cost
At 1 December 2017 and 30 November 2018	49,341
	--------
Depreciation
At 1 December 2017 and 30 November 2018	–
	--------
Carrying amount
At 30 November 2018	49,341
	--------
At 30 November 2017	49,341
	--------

5. DEBTORS

	2018	2017
	£	£
Other debtors	6,339	6,377
	-------	-------

6. CREDITORS: amounts falling due within one year

	2018	2017
	£	£
Accruals and deferred income	882	888
Corporation tax	420	1,460
Directors current accounts	3,463	7
	-------	-------
	4,765	2,355
	-------	-------