The Arran Butcher Ltd

The Arran Butcher Ltd

THE ARRAN BUTCHER LTD - Company Information

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1 January 2022 false No description of principal activity Taxfiler 2023.5 SC400811business:PrivateLimitedCompanyLtd2022-01-012022-12-31 SC4008112021-12-31 SC4008112022-01-012022-12-31 SC400811business:AuditExemptWithAccountantsReport2022-01-012022-12-31 SC400811business:FullAccounts2022-01-012022-12-31 SC4008112022-12-31 SC400811business:Director12022-01-012022-12-31 SC400811business:RegisteredOffice2022-01-012022-12-31 SC4008112021-12-31 SC400811core:WithinOneYear2022-12-31 SC400811core:WithinOneYear2021-12-31 SC400811core:AfterOneYear2022-12-31 SC400811core:AfterOneYear2021-12-31 SC400811core:ShareCapital2022-12-31 SC400811core:ShareCapital2021-12-31 SC400811core:RetainedEarningsAccumulatedLosses2022-12-31 SC400811core:RetainedEarningsAccumulatedLosses2021-12-31 SC400811business:SmallEntities2022-01-012022-12-31 SC400811countries:Scotland2022-01-012022-12-31 SC400811core:PlantMachinery2022-01-012022-12-31 SC400811core:MotorVehicles2022-01-012022-12-31 SC400811core:FurnitureFittings2022-01-012022-12-31 SC400811core:ComputerEquipment2022-01-012022-12-31 SC400811core:Goodwill2021-12-31 SC400811core:IntangibleAssetsOtherThanGoodwill2021-12-31 SC400811core:Goodwill2022-12-31 SC400811core:IntangibleAssetsOtherThanGoodwill2022-12-31 SC400811core:Goodwill2022-01-012022-12-31 SC400811core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-31 SC400811core:LandBuildings2021-12-31 SC400811core:PlantMachinery2021-12-31 SC400811core:MotorVehicles2021-12-31 SC400811core:FurnitureFittings2021-12-31 SC400811core:ComputerEquipment2021-12-31 SC400811core:LandBuildings2022-01-012022-12-31 SC400811core:LandBuildings2022-12-31 SC400811core:PlantMachinery2022-12-31 SC400811core:MotorVehicles2022-12-31 SC400811core:FurnitureFittings2022-12-31 SC400811core:ComputerEquipment2022-12-31 SC400811core:AcceleratedTaxDepreciationDeferredTax2022-12-31 SC400811core:AcceleratedTaxDepreciationDeferredTax2021-12-31 SC4008112020-12-31 SC4008112021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC400811 (Scotland)
The Arran Butcher Ltd Unaudited accounts for the year ended 31 December 2022
The Arran Butcher Ltd Unaudited accounts Contents
Page
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The Arran Butcher Ltd Company Information for the year ended 31 December 2022
Director
David Gilbert McKinnon
Company Number
SC400811 (Scotland)
Registered Office
HARBOUR VIEW BLACKWATERFOOT ISLE OF ARRAN KA27 8EZ
Accountants
Arran Accountancy Limited Alexanders Brodick Isle of Arran KA27 8HF
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The Arran Butcher Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
- 
1,500 
Tangible assets
5
152,700 
151,773 
152,700 
153,273 
Current assets
Inventories
25,450 
27,102 
Debtors
6
51,045 
52,823 
Cash at bank and in hand
925 
926 
77,420 
80,851 
Creditors: amounts falling due within one year
7
(166,089)
(121,663)
Net current liabilities
(88,669)
(40,812)
Total assets less current liabilities
64,031 
112,461 
Creditors: amounts falling due after more than one year
8
(54,900)
(85,412)
Provisions for liabilities
Deferred tax
9
(6,844)
(6,217)
Net assets
2,287 
20,832 
Capital and reserves
Called up share capital
30,000 
30,000 
Profit and loss account
(27,713)
(9,168)
Shareholders' funds
2,287 
20,832 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 June 2023 and were signed on its behalf by
David Gilbert McKinnon Director Company Registration No. SC400811
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The Arran Butcher Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
The Arran Butcher Ltd is a private company, limited by shares, registered in Scotland, registration number SC400811. The registered office is HARBOUR VIEW, BLACKWATERFOOT, ISLE OF ARRAN, KA27 8EZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
Motor vehicles
33% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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The Arran Butcher Ltd Notes to the Accounts for the year ended 31 December 2022
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. Current tax The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date. Deferred tax Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2022
30,000 
3,765 
33,765 
At 31 December 2022
30,000 
3,765 
33,765 
Amortisation
At 1 January 2022
28,500 
3,765 
32,265 
Charge for the year
1,500 
- 
1,500 
At 31 December 2022
30,000 
3,765 
33,765 
Net book value
At 31 December 2022
- 
- 
- 
At 31 December 2021
1,500 
- 
1,500 
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The Arran Butcher Ltd Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
115,859 
80,791 
14,996 
20,371 
10,565 
242,582 
Additions
- 
7,810 
- 
- 
- 
7,810 
At 31 December 2022
115,859 
88,601 
14,996 
20,371 
10,565 
250,392 
Depreciation
At 1 January 2022
5,172 
46,272 
13,165 
17,800 
8,400 
90,809 
Charge for the year
862 
4,233 
604 
643 
541 
6,883 
At 31 December 2022
6,034 
50,505 
13,769 
18,443 
8,941 
97,692 
Net book value
At 31 December 2022
109,825 
38,096 
1,227 
1,928 
1,624 
152,700 
At 31 December 2021
110,687 
34,519 
1,831 
2,571 
2,165 
151,773 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
VAT
980 
1,402 
Trade debtors
14,111 
17,986 
Other debtors
35,954 
33,435 
51,045 
52,823 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
32,357 
30,172 
Trade creditors
81,203 
70,637 
Taxes and social security
12,716 
3,631 
Other creditors
26,137 
15,448 
Accruals
13,676 
1,775 
166,089 
121,663 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
41,667 
38,333 
Other creditors
13,233 
47,079 
54,900 
85,412 
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The Arran Butcher Ltd Notes to the Accounts for the year ended 31 December 2022
9
Deferred taxation
2022 
2021 
£ 
£ 
Accelerated capital allowances
6,844 
6,217 
2022 
2021 
£ 
£ 
Provision at start of year
6,217 
4,471 
Charged to the profit and loss account
627 
1,746 
Provision at end of year
6,844 
6,217 
10
Average number of employees
During the year the average number of employees was 11 (2021: 11).
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