Jerry Howarth Pork Butchers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06192707 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st March 2019

for

Jerry Howarth Pork Butchers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J Howarth

REGISTERED OFFICE:

64 High Street

Belper

Derbyshire

DE56 1GF

REGISTERED NUMBER:

06192707 (England and Wales)

ACCOUNTANTS:

L& S Accountancy Services

64 High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

4

12,694

15,783

CURRENT ASSETS

Stocks

3,631

4,390

Debtors

5

7,647

8,461

Cash at bank and in hand

32,793

40,035

44,071

52,886

CREDITORS

Amounts falling due within one year

6

44,160

43,026

NET CURRENT (LIABILITIES)/ASSETS

(89

)

9,860

TOTAL ASSETS LESS CURRENT LIABILITIES

12,605

25,643

CREDITORS

Amounts falling due after more than one year

7

(2,618

)

(4,364

)

PROVISIONS FOR LIABILITIES

(2,412

)

(2,995

)

NET ASSETS

7,575

18,284

CAPITAL AND RESERVES

Called up share capital

79

79

Retained earnings

7,496

18,205

SHAREHOLDERS' FUNDS

7,575

18,284

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27th November 2019 and were signed by:

T J Howarth - Director

1.	STATUTORY INFORMATION

Jerry Howarth Pork Butchers Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2018

and 31st March 2019

21,249

7,294

28,543

DEPRECIATION

At 1st April 2018

11,301

1,459

12,760

Charge for year

1,630

1,459

3,089

At 31st March 2019

12,931

2,918

15,849

NET BOOK VALUE

At 31st March 2019

8,318

4,376

12,694

At 31st March 2018

9,948

5,835

15,783

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2018

and 31st March 2019

7,294

DEPRECIATION

At 1st April 2018

1,459

Charge for year

1,459

At 31st March 2019

2,918

NET BOOK VALUE

At 31st March 2019

4,376

At 31st March 2018

5,835

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

-

137

Other debtors

7,647

8,324

7,647

8,461

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

6,457

8,145

Taxation and social security

6,020

6,071

Other creditors

31,683

28,810

44,160

43,026

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Other creditors

2,618

4,364

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st March 2019 the company owed to it's director, Mr T. J. Howarth the sum of £24,978 (2018: £21,765).

This amount is unsecured, interest free and has no fixed repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Howarth.