Company Registration No. 08889811 (England and Wales)
Butlers Fine Foods & Provisions Limited
Unaudited accounts
for the year ended 28 February 2019
Butlers Fine Foods & Provisions Limited
Unaudited accounts
Contents
Butlers Fine Foods & Provisions Limited
Company Information
for the year ended 28 February 2019
Directors
Zuhra Abdul Basir
Jamshid Doniyorov
Company Number
08889811 (England and Wales)
Registered Office
9 OLYMPIC WAY
WEMBLEY
MIDDLESEX
HA9 0NP
ENGLAND
Accountants
Anthony Daniel Associates
10 Julian Place
London
E14 3AT
Butlers Fine Foods & Provisions Limited
Statement of financial position
as at 28 February 2019
Tangible assets
470,808
528,787
Inventories
230,300
240,500
Cash at bank and in hand
79,408
293,744
Creditors: amounts falling due within one year
(888,276)
(900,839)
Net current liabilities
(217,217)
(278,733)
Total assets less current liabilities
253,591
250,054
Creditors: amounts falling due after more than one year
(400,000)
(400,000)
Net liabilities
(146,409)
(149,946)
Called up share capital
1
1
Profit and loss account
(146,410)
(149,947)
Shareholders' funds
(146,409)
(149,946)
For the year ending 28 February 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 26 November 2019.
Zuhra Abdul Basir
Director
Company Registration No. 08889811
Butlers Fine Foods & Provisions Limited
Notes to the Accounts
for the year ended 28 February 2019
Butlers Fine Foods & Provisions Limited is a private company, limited by shares, registered in England and Wales, registration number 08889811. The registered office is 9 OLYMPIC WAY, WEMBLEY, MIDDLESEX, HA9 0NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Over leasehold period
Motor vehicles
20% on straight line
Fixtures & fittings
20% on straight line
Computer equipment
20% on straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Butlers Fine Foods & Provisions Limited
Notes to the Accounts
for the year ended 28 February 2019
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2018
4,304
9,082
713,234
6,016
732,636
Additions
-
17,957
-
2,122
20,079
At 28 February 2019
4,304
27,039
713,234
8,138
752,715
At 1 March 2018
538
2,724
199,953
634
203,849
Charge for the year
430
3,911
72,332
1,385
78,058
At 28 February 2019
968
6,635
272,285
2,019
281,907
At 28 February 2019
3,336
20,404
440,949
6,119
470,808
At 28 February 2018
3,766
6,358
513,281
5,382
528,787
Finished goods
230,300
240,500
Accrued income and prepayments
5,046
4,716
Other debtors
356,305
83,146
7
Creditors: amounts falling due within one year
2019
2018
Trade creditors
65,184
21,057
Amounts owed to group undertakings and other participating interests
840,000
840,000
Taxes and social security
(24,363)
(7,550)
Other creditors
5,702
8,152
Loans from directors
(15,424)
4,178
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
400,000
400,000
Included in amounts falling due after more than one year are both directors, Miss. Zuhra Abdul Basir and Mr. Jamshid Doniyorov's loan of £200,000 each, which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
Butlers Fine Foods & Provisions Limited
Notes to the Accounts
for the year ended 28 February 2019
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
The ultimate controlling party is Miss. Zuhra Abdul Basir, who is the director and holds one hundred percent of the company shares.
11
Average number of employees
During the year the average number of employees was 8 (2018: 6).
