| Huttons Butchers Ltd |
| Registered number: |
05676620 |
| Balance Sheet |
| as at 31 May 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
500,000 |
|
|
237,909 |
|
| Current assets |
| Debtors |
4 |
|
19,541 |
|
|
23,609 |
| Cash at bank and in hand |
|
|
77,241 |
|
|
62,240 |
|
|
|
96,782 |
|
|
85,849 |
|
| Creditors: amounts falling due within one year |
5 |
|
(4,160) |
|
|
(3,043) |
|
| Net current assets |
|
|
|
92,622 |
|
|
82,806 |
|
| Total assets less current liabilities |
|
|
|
592,622 |
|
|
320,715 |
|
|
| Provisions for liabilities |
|
|
|
(32,258) |
|
|
- |
|
|
| Net assets |
|
|
|
560,364 |
|
|
320,715 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
330,000 |
|
|
330,000 |
| Revaluation reserve |
6 |
|
|
137,522 |
|
|
- |
| Profit and loss account |
|
|
|
92,842 |
|
|
(9,285) |
|
| Shareholders' funds |
|
|
|
560,364 |
|
|
320,715 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| E Mudd |
| Director |
| Approved by the board on 29 December 2021 |
|
| Huttons Butchers Ltd |
| Notes to the Accounts |
| for the year ended 31 May 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold property |
Not depreciated |
|
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Freehold property was revalued during the year. As future valuations are not expected to reduce, no depreciation is currently provided. Historic depreciation has been written back to the profit and loss account. Any future revaluations will be reflected in the accounts. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Land and buildings |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 June 2020 |
330,220 |
|
3,745 |
|
333,965 |
|
Surplus on revaluation |
169,780 |
|
- |
|
169,780 |
|
Disposals |
- |
|
(3,745) |
|
(3,745) |
|
At 31 May 2021 |
500,000 |
|
- |
|
500,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2020 |
92,400 |
|
3,656 |
|
96,056 |
|
Charge for the year |
(92,400) |
|
- |
|
(92,400) |
|
On disposals |
- |
|
(3,656) |
|
(3,656) |
|
At 31 May 2021 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2021 |
500,000 |
|
- |
|
500,000 |
|
At 31 May 2020 |
237,820 |
|
89 |
|
237,909 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2021 |
|
2020 |
| £ |
£ |
|
Historical cost |
330,220 |
|
330,220 |
|
Cumulative depreciation based on historical cost |
- |
|
92,400 |
|
|
|
|
|
|
330,220 |
|
237,820 |
|
The properties were valued in 2021 by Lister Haigh. |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
14,715 |
|
18,780 |
|
Prepayments |
127 |
|
130 |
|
Corporation tax recoverable |
4,699 |
|
4,699 |
|
|
|
|
|
|
19,541 |
|
23,609 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Corporation tax |
3,240 |
|
2,153 |
|
Other creditors |
920 |
|
890 |
|
|
|
|
|
|
4,160 |
|
3,043 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Revaluation reserve |
2021 |
|
2020 |
| £ |
£ |
|
|
Gain on revaluation of land and buildings |
169,780 |
|
- |
|
Deferred taxation arising on the revaluation of land and buildings |
(32,258) |
|
- |
|
|
At 31 May 2021 |
137,522 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mrs Elizabeth Mudd |
|
[Loan 1] |
10,995 |
|
- |
|
(2,065) |
|
8,930 |
|
|
Mr Albert Trevor Mudd (ceased 4.4.2021) |
|
[Loan 1] |
7,785 |
|
- |
|
(2,000) |
|
5,785 |
|
|
|
18,780 |
|
- |
|
(4,065) |
|
14,715 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Huttons Butchers Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Stockdale Close |
|
Knaresborough |
|
HG5 8EA |
