Jerry Howarth Pork Butchers Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06192707 (England and Wales)

Financial Statements For The Year Ended 31st March 2022

for

Jerry Howarth Pork Butchers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Howarth

A 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

15,732

13,382

CURRENT ASSETS

Stocks

5,017

4,964

Debtors

5

7,522

10,100

Cash at bank and in hand

82,835

67,565

95,374

82,629

CREDITORS

Amounts falling due within one year

6

99,830

43,473

NET CURRENT (LIABILITIES)/ASSETS

(4,456

)

39,156

TOTAL ASSETS LESS CURRENT LIABILITIES

11,276

52,538

PROVISIONS FOR LIABILITIES

2,989

2,543

NET ASSETS

8,287

49,995

CAPITAL AND RESERVES

Called up share capital

79

79

Retained earnings

8,208

49,916

SHAREHOLDERS' FUNDS

8,287

49,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 18th November 2022 and were signed on its behalf by:

T J Howarth - Director

1.	STATUTORY INFORMATION

Jerry Howarth Pork Butchers 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.

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

Computer equipment

-

33% 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 7 (2021 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st April 2021

28,013

7,294

798

36,105

Additions

5,778

-

-

5,778

At 31st March 2022

33,791

7,294

798

41,883

DEPRECIATION

At 1st April 2021

16,625

5,835

263

22,723

Charge for year

2,705

459

264

3,428

At 31st March 2022

19,330

6,294

527

26,151

NET BOOK VALUE

At 31st March 2022

14,461

1,000

271

15,732

At 31st March 2021

11,388

1,459

535

13,382

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 2021

7,294

Transfer to ownership

(7,294

)

At 31st March 2022

-

DEPRECIATION

At 1st April 2021

5,835

Transfer to ownership

(5,835

)

At 31st March 2022

-

NET BOOK VALUE

At 31st March 2022

-

At 31st March 2021

1,459

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

7,522

10,100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

8,226

10,059

Taxation and social security

12,007

11,383

Other creditors

79,597

22,031

99,830

43,473

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2022 the company owed to its director, Mr T. J. Howarth the sum of £76,182 (2021: £15,139). This amount is unsecured, interest free and has no fixed repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Howarth.