NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
Impson Butchers Limited is a private company limited by shares and incorporated in England and Wales, registration number 09636619. The registered office is King Street House, 15 Upper King Street, Norwich, Norfolk, NR3 1RB.
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Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
The company has now ceased to trade and has no intention of trading in the forseeable future. However, should the company begin to trade again, the directors have a reasonable expectation that they can provide adequate resources to operate in the future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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The average monthly number of employees, including directors, during the year was
2
(2021 -
2
)
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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