Trevor Sharpe Butcher Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10698625 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

Trevor Sharpe Butcher Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr Trevor Sharpe

REGISTERED OFFICE:

49 Castle Rising Road

South Wootton

King's Lynn

PE30 3JA

BUSINESS ADDRESS:

39 High Street

Gosberton

Spalding

Lincolnshire

PE11 4NW

REGISTERED NUMBER:

10698625 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co.

Chartered Certified Accountants

Unit 3

North Lynn Business Village

Bergen Way

King's Lynn

Norfolk

PE30 2JG

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Trevor Sharpe Butcher Limited for the year ended 30 June 2020 which comprise the Statement

of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Trevor Sharpe Butcher Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trevor Sharpe Butcher Limited and state those matters that we have agreed to state to the director of Trevor Sharpe Butcher Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Trevor Sharpe Butcher Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trevor Sharpe Butcher Limited. You consider that Trevor Sharpe Butcher Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trevor Sharpe Butcher Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Steve Pye & Co.

Chartered Certified Accountants

Unit 3

North Lynn Business Village

Bergen Way

King's Lynn

Norfolk

PE30 2JG

5 October 2020

FIXED ASSETS

Intangible assets

5

10,000

15,000

Tangible assets

6

15,942

15,588

25,942

30,588

CURRENT ASSETS

Stocks

6,255

6,265

Debtors

7

7,123

3,731

Cash at bank and in hand

7,057

37,116

20,435

47,112

CREDITORS

Amounts falling due within one year

8

24,257

59,895

NET CURRENT LIABILITIES

(3,822

)

(12,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,120

17,805

PROVISIONS FOR LIABILITIES

1,245

407

NET ASSETS

20,875

17,398

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

20,874

17,397

20,875

17,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2020 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 October 2020 and were signed by:

Mr Trevor Sharpe - Director

1.	STATUTORY INFORMATION

Trevor Sharpe Butcher Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful life of the goodwill of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2019 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2019

and 30 June 2020

25,000

AMORTISATION

At 1 July 2019

10,000

Charge for year

5,000

At 30 June 2020

15,000

NET BOOK VALUE

At 30 June 2020

10,000

At 30 June 2019

15,000

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2019

22,427

4,000

26,427

Additions

6,792

-

6,792

Disposals

-

(2,000

)

(2,000

)

At 30 June 2020

29,219

2,000

31,219

DEPRECIATION

At 1 July 2019

9,089

1,750

10,839

Charge for year

5,032

281

5,313

Eliminated on disposal

-

(875

)

(875

)

At 30 June 2020

14,121

1,156

15,277

NET BOOK VALUE

At 30 June 2020

15,098

844

15,942

At 30 June 2019

13,338

2,250

15,588

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

900

1,952

Amounts owed by group undertakings

656

-

Other debtors

5,567

1,779

7,123

3,731

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,321

12,795

Taxation and social security

7,899

6,755

Other creditors

15,037

40,345

24,257

59,895