Cooper's Family Butchers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04801292 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

COOPER'S FAMILY BUTCHERS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R J Cooper

Ms M L Cooper

Mr J G Cooper

SECRETARY:

Mr R J Cooper

REGISTERED OFFICE:

195 Walsall Road

Darlaston

Wednesbury

West Midlands

WS10 9SW

REGISTERED NUMBER:

04801292 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Tangible assets

4

33,485

28,092

CURRENT ASSETS

Stocks

-

3,210

Debtors

4,061

6,359

Cash at bank and in hand

2,082

16,662

6,143

26,231

CREDITORS

Amounts falling due within one year

169,969

178,944

NET CURRENT LIABILITIES

(163,826

)

(152,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(130,341

)

(124,621

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(130,344

)

(124,624

)

SHAREHOLDERS' FUNDS

(130,341

)

(124,621

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2022 and were signed on its behalf by:

Mr J G Cooper - Director

1.	STATUTORY INFORMATION

Cooper's Family Butchers 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.

Improvements to property

-

10% on cost

Plant & machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

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 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.

Going concern

The Balance Sheet indicates that the company's liabilities exceed its assets by £82,447, which might ordinarily indicate doubt regarding presentation of these financial statements on a going-concern basis. However, the company is supported financially by directors' loans of £58,476 and family loans of £50,955, and the directors confirm that these loans will be maintained, ensuring that the company can meet all commitments to third-parties. The directors therefore consider it appropriate to present these financial statements on the going-concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

80,200

Additions

11,485

At 30 June 2021

91,685

DEPRECIATION

At 1 July 2020

52,108

Charge for year

6,092

At 30 June 2021

58,200

NET BOOK VALUE

At 30 June 2021

33,485

At 30 June 2020

28,092

5.	ULTIMATE CONTROLLING PARTY