John Henderson (Meat Specialists) Ltd - Accounts to registrar (filleted) - small 18.2
John Henderson (Meat Specialists) Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
| FOR |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD |
| COMPANY INFORMATION |
| for the year ended 31 August 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 24A Ainslie Place |
| Edinburgh |
| EH3 6AJ |
| BANKERS: |
| PO BOX 10 |
| Kirkcaldy |
| Fife |
| KY1 3PA |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| BALANCE SHEET |
| 31 August 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| BALANCE SHEET - continued |
| 31 August 2019 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on behalf by: |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2019 |
| 1. | STATUTORY INFORMATION |
| John Henderson (Meat Specialists) Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| The financial statements are presented in sterling which is the functional currency of the company rounded to the nearest £. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value |
| added tax and other sales taxes. |
| Goodwill |
| Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over |
| its useful life of twenty years, as determined by the directors. |
| Tangible fixed assets |
| Leasehold improvements | - |
| Fixtures & equipment | - |
| Motor vehicles | - |
| 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 material 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, or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the income statement over the relevant period. The capital element |
| of future payments as a liability. |
| Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the |
| lease. |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 September 2018 |
| and 31 August 2019 |
| AMORTISATION |
| At 1 September 2018 |
| Amortisation for year |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Leasehold | Fixtures | Motor |
| improvements | & equipment | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 September 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 August 2019 |
| DEPRECIATION |
| At 1 September 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2019 |
| NET BOOK VALUE |
| At 31 August 2019 |
| At 31 August 2018 |
| 6. | STOCKS |
| 2019 | 2018 |
| £ | £ |
| Stocks |
| JOHN HENDERSON (MEAT SPECIALISTS) LTD (REGISTERED NUMBER: SC271965) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2019 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| The other creditors includes a loan amounting to £7,324 (2018: £7,432), which is unsecured, interest free and has no fixed |
| terms of repayment. |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 10. | RELATED PARTY DISCLOSURES |
| The outstanding balance due by the company to the directors at 31 August 2019 was £161,592 (2018: £144,988). The |
| balance is unsecured, interest free and has no fixed terms of repayment. |