Jerry Howarth Pork Butchers Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06192707 (England and Wales)

Financial Statements For The Year Ended 31st March 2020

for

Jerry Howarth Pork Butchers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J Howarth

REGISTERED OFFICE:

64 High Street

Belper

Derbyshire

DE56 1GF

REGISTERED NUMBER:

06192707 (England and Wales)

ACCOUNTANTS:

L& S Accountancy Services

64 High Street

Belper

Derbyshire

DE56 1GF

FIXED ASSETS

Tangible assets

4

9,709

12,694

CURRENT ASSETS

Stocks

3,916

3,631

Debtors

5

6,466

7,647

Cash at bank and in hand

39,298

32,793

49,680

44,071

CREDITORS

Amounts falling due within one year

6

36,946

44,160

NET CURRENT ASSETS/(LIABILITIES)

12,734

(89

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,443

12,605

CREDITORS

Amounts falling due after more than one year

7

(873

)

(2,618

)

PROVISIONS FOR LIABILITIES

(1,845

)

(2,412

)

NET ASSETS

19,725

7,575

CAPITAL AND RESERVES

Called up share capital

79

79

Retained earnings

19,646

7,496

SHAREHOLDERS' FUNDS

19,725

7,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th December 2020 and were signed by:

T J Howarth - Director

1.	STATUTORY INFORMATION

Jerry Howarth Pork Butchers Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on 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 Income Statement, 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 balance sheet date.

Deferred tax

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 year was 9 (2019 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2019

and 31st March 2020

21,249

7,294

28,543

DEPRECIATION

At 1st April 2019

12,931

2,918

15,849

Charge for year

1,526

1,459

2,985

At 31st March 2020

14,457

4,377

18,834

NET BOOK VALUE

At 31st March 2020

6,792

2,917

9,709

At 31st March 2019

8,318

4,376

12,694

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2019

and 31st March 2020

7,294

DEPRECIATION

At 1st April 2019

2,918

Charge for year

1,459

At 31st March 2020

4,377

NET BOOK VALUE

At 31st March 2020

2,917

At 31st March 2019

4,376

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

6,466

7,647

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

13,710

6,457

Taxation and social security

4,621

6,020

Other creditors

18,615

31,683

36,946

44,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Other creditors

873

2,618

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31st March 2020 the company owed to it's director, Mr T. J. Howarth the sum of £11,545 (2019: £24,978). This amount is unsecured, interest free and has no fixed repayment terms.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Howarth.