Bracknell Meats Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08665350 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 27 FEBRUARY 2020 TO 28 FEBRUARY 2021

FOR

BRACKNELL MEATS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A W Gibbard

SECRETARY:

REGISTERED OFFICE:

4 Comet House

Calleva Park

Aldermaston

Berkshire

RG7 8JA

REGISTERED NUMBER:

08665350 (England and Wales)

ACCOUNTANTS:

Durrants - Calleva

Accountants and Tax Advisors

4 Comet House

Calleva Park

Aldermaston

Berkshire

RG7 8JA

FIXED ASSETS

Tangible assets

4

18,030

19,550

CURRENT ASSETS

Stocks

5,000

8,500

Debtors

5

296

2,244

Cash at bank

34,479

16,519

39,775

27,263

CREDITORS

Amounts falling due within one year

6

19,638

43,891

NET CURRENT ASSETS/(LIABILITIES)

20,137

(16,628

)

TOTAL ASSETS LESS CURRENT LIABILITIES

38,167

2,922

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

38,166

2,921

SHAREHOLDERS' FUNDS

38,167

2,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2021 and were signed by:

A W Gibbard - Director

1.	STATUTORY INFORMATION

Bracknell Meats 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 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.

Plant and machinery etc

-

25% on reducing balance and 25% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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 4 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 27 February 2020

32,122

Additions

6,336

Disposals

(8,123

)

At 28 February 2021

30,335

DEPRECIATION

At 27 February 2020

12,572

Charge for period

6,011

Eliminated on disposal

(6,278

)

At 28 February 2021

12,305

NET BOOK VALUE

At 28 February 2021

18,030

At 26 February 2020

19,550

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/21

26/2/20

£

£

Other debtors

296

2,244

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/21

26/2/20

£

£

Trade creditors

479

146

Taxation and social security

11,527

75

Other creditors

7,632

43,670

19,638

43,891