Trevor Sharpe Butcher Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10698625 (England and Wales)

Unaudited Financial Statements

for the Period 30 March 2017 to 30 June 2018

for

Trevor Sharpe Butcher Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

Mr T Sharpe

REGISTERED OFFICE:

49 Castle Rising Road

South Wootton

King's Lynn

PE30 3JA

BUSINESS ADDRESS:

39 High Street

Gosberton

Spalding

Lincolnshire

PE11 4NW

REGISTERED NUMBER:

10698625 (England and Wales)

ACCOUNTANTS:

Steve Pye & Co.

Chartered Certified Accountants

The Pink House

Estuary Road

King's Lynn

Norfolk

PE30 2HJ

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and

the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Trevor Sharpe Butcher Limited for the period ended 30 June 2018 which comprise the Statement

of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Trevor Sharpe Butcher Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trevor Sharpe Butcher Limited and state those matters that we have agreed to state to the director of Trevor Sharpe Butcher Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Trevor Sharpe Butcher Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trevor Sharpe Butcher Limited. You consider that Trevor Sharpe Butcher Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Trevor Sharpe Butcher Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Steve Pye & Co.

Chartered Certified Accountants

The Pink House

Estuary Road

King's Lynn

Norfolk

PE30 2HJ

12 December 2018

FIXED ASSETS

Intangible assets

4

20,000

Tangible assets

5

16,927

36,927

CURRENT ASSETS

Stocks

2,335

Debtors

6

3,221

Cash at bank and in hand

19,994

25,550

CREDITORS

Amounts falling due within one year

7

47,448

NET CURRENT LIABILITIES

(21,898

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,029

PROVISIONS FOR LIABILITIES

100

NET ASSETS

14,929

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

14,928

14,929

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 12 December 2018 and were signed by:

Mr T Sharpe - Director

1.	STATUTORY INFORMATION

Trevor Sharpe Butcher 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 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. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 period 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.

Deferred tax

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

balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

Additions

25,000

At 30 June 2018

25,000

AMORTISATION

Charge for period

5,000

At 30 June 2018

5,000

NET BOOK VALUE

At 30 June 2018

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

Additions

18,420

4,000

150

22,570

At 30 June 2018

18,420

4,000

150

22,570

DEPRECIATION

Charge for period

4,605

1,000

38

5,643

At 30 June 2018

4,605

1,000

38

5,643

NET BOOK VALUE

At 30 June 2018

13,815

3,000

112

16,927

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

555

Amounts owed by group undertakings

1,131

Other debtors

1,535

3,221

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

11,184

Taxation and social security

5,343

Other creditors

30,921

47,448