REGISTERED NUMBER: 06192707 (England and Wales)

Financial Statements For The Year Ended 31st March 2017

for

Jerry Howarth Pork Butchers Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Howarth

Mrs M 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

13,702

11,827

CURRENT ASSETS

Stocks

4,922

5,608

Debtors

5

6,447

14,365

Cash at bank and in hand

38,951

41,002

50,320

60,975

CREDITORS

Amounts falling due within one year

6

37,166

26,404

NET CURRENT ASSETS

13,154

34,571

TOTAL ASSETS LESS CURRENT LIABILITIES

26,856

46,398

PROVISIONS FOR LIABILITIES

2,740

2,365

NET ASSETS

24,116

44,033

CAPITAL AND RESERVES

Called up share capital

79

79

Retained earnings

24,037

43,954

SHAREHOLDERS' FUNDS

24,116

44,033

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

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

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 on 27th November 2017 and were signed on its behalf 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st April 2016

17,249

7,070

24,319

Additions

4,000

-

4,000

At 31st March 2017

21,249

7,070

28,319

DEPRECIATION

At 1st April 2016

7,422

5,070

12,492

Charge for year

2,125

-

2,125

At 31st March 2017

9,547

5,070

14,617

NET BOOK VALUE

At 31st March 2017

11,702

2,000

13,702

At 31st March 2016

9,827

2,000

11,827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

358

3,968

Other debtors

6,089

10,397

6,447

14,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

8,287

9,347

Taxation and social security

6,119

9,924

Other creditors

22,760

7,133

37,166

26,404

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31st March 2017 the company owed to it's director Mr T.J. Howarth the sum of £18,936 (2016: £3,969). This

amount is unsecured , interest free and has no fixed repayment terms.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Howarth.