The Butchers (Swindon) Ltd Accounts

THE BUTCHERS (SWINDON) LIMITED - Company Information






The Butchers (Swindon) Ltd
	Company No. 07855850
		Information for Filing with The Registrar
		30 November 2016

The Director presents his report and the accounts for the year ended 30 November 2016.

Principal activities
The principal activity of the company during the year under review was . that of Butchers Shop




Director

The Director who served at any time during the year was as follows:

D. Smith



































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Smith
Director
30 November 2016

at	30 November 2016

Company No.		07855850	Notes	2016	2015
				£	£
Fixed assets
	Intangible assets		2	-	1,000
	Tangible assets		3	-	-


				-	1,000
Current assets
	Stocks		4	-	2,400
	Debtors		5	-	3,979

	Cash at bank and in hand			-	239
				-	6,618
Creditors: Amount falling due within one year			6	(19,999)	(22,509)
Net current liabilities				(19,999)	(15,891)
Total assets less current liabilities				(19,999)	(14,891)
Creditors: Amounts falling due after more than one year			7	(3,451)	(3,815)



Net liabilities				(23,450)	(18,706)

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		8	(23,451)	(18,707)

Total equity				(23,450)	(18,706)


These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 November 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 30 November 2016					true

And signed on its behalf by:

D. Smith
Director
30 November 2016

for the year ended 30 November 2016

Accounting policies

Basis of preparation

The accounts have been prepared in accordance with FRS 102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. There were no material departures from that standard.

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Furniture, fittings and equipment

25% Straight Line

2	Intangible fixed assets
			Goodwill	Total
			£	£
		Cost
		At 1 December 2015	5,000	5,000


		At 30 November 2016	5,000	5,000
		Amortisation and impairment
		At 1 December 2015	4,000	4,000
		Charge for the year	1,000	1,000


		At 30 November 2016	5,000	5,000
		Net book values
		At 30 November 2016	-	-
		At 30 November 2015	1,000	1,000

		Goodwill relating to acquisition of business in 2011

3	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 December 2015	998	998




		At 30 November 2016	998	998
		Depreciation
		At 1 December 2015	998	998




		At 30 November 2016	998	998
		Net book values
		At 30 November 2016	-	-
		At 30 November 2015	-	-

4	Stocks
			2016	2015
			£	£
		Raw materials and consumables	-	2,400


			-	2,400

5	Debtors
			2016	2015
			£	£




		VAT recoverable	-	524


		Prepayments and accrued income	-	3,455
			-	3,979

6	Creditors:
		amounts falling due within one year
			2016	2015
			£	£




		Trade creditors	11,505	1,229


		Other taxes and social security	-	47
		Loans from directors	8,073	20,533

		Accruals and deferred income	421	700
			19,999	22,509

7	Creditors:
		amounts falling due after more than one year
			2016	2015
			£	£

		Bank loans and overdrafts	3,451	3,815






			3,451	3,815

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

Related party disclosures

Controlling party

Immediate controlling party

No single party controls the company.

Additional information

Its registered number is:

07855850

Its registered office is:

101 Stratton Road

Swindon

SN1 2NY