Paul Coupland High Class Butcher Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07905364

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Paul Coupland High Class Butcher Ltd

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr P D Coupland

REGISTERED OFFICE:

103 Houghton Road

Thurnscoe

Rotherham

South Yorkshire

S63 0NG

REGISTERED NUMBER:

07905364

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Intangible assets

5

16,250

19,500

Tangible assets

6

20,192

23,608

36,442

43,108

CURRENT ASSETS

Stocks

1,249

2,404

Debtors

7

1,627

1,671

Cash at bank and in hand

90

4,737

2,966

8,812

CREDITORS

Amounts falling due within one year

8

(30,894

)

(34,385

)

NET CURRENT LIABILITIES

(27,928

)

(25,573

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,514

17,535

CREDITORS

Amounts falling due after more than one year

9

(6,747

)

(12,335

)

PROVISIONS FOR LIABILITIES

(1,244

)

(4,527

)

NET ASSETS

523

673

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

423

573

SHAREHOLDERS' FUNDS

523

673

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 March 2018 and were signed by:

Mr P D Coupland - Director

1.	STATUTORY INFORMATION

Paul Coupland High Class Butcher Ltd is a private company, limited by shares , registered in Not

specified/Other. The company's registered number and registered office address can be found on the

Company Information page.

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

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in compliance with FRS 102, 'The Financial Standard

Applicable in the UK and the Republic of Ireland' and the Companies Act 2006. The financial

statements have been prepared on a going concern basis under the historical cost convention,

modified to include certain items at fair value.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation

of these financial statements are set out below. These policies, judgements and estimates have been

consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents amounts earned on goods and services provided during the year and derives

from the provision of goods and services falling within the company's ordinary activities.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business is being amortised

evenly over its estimated useful life of 10 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 etc

-

25% on reducing balance and 15% on reducing balance

All fixed assets are initially recorded at 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 Profit and Loss

Account, 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 statement of financial position date.

Deferred tax

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

the statement of financial position 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

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 4 (2016 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

32,500

AMORTISATION

At 1 April 2016

13,000

Charge for year

3,250

At 31 March 2017

16,250

NET BOOK VALUE

At 31 March 2017

16,250

At 31 March 2016

19,500

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

33,598

DEPRECIATION

At 1 April 2016

9,990

Charge for year

3,416

At 31 March 2017

13,406

NET BOOK VALUE

At 31 March 2017

20,192

At 31 March 2016

23,608

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,627

1,671

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

4,141

-

Hire purchase contracts

5,680

5,680

Trade creditors

15,126

17,362

Taxation and social security

3,566

2,762

Other creditors

2,381

8,581

30,894

34,385

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

6,747

12,335

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

11.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS102 Section 1A

as the entity transitioned from UK GAAP to FRS102 as at 1 April 2015. There have been no

transitioning adjustments made to the financial statements in respect of the transition to FRS102.