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REGISTERED NUMBER:
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ALICE CAIRNS BUTCHERS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018 |
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REGISTERED NUMBER:
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ALICE CAIRNS BUTCHERS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018 |
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ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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BALANCE SHEET |
31 AUGUST 2018 |
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2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
) | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
) |
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( |
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The director acknowledges her 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. |
ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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BALANCE SHEET - continued |
31 AUGUST 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the director on
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ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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1. | STATUTORY INFORMATION |
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Alice Cairns Butchers Limited is a private company, limited by shares, registered in Scotland. The address of the |
registered office is Unit 1, Mossedge Industrial Estate, Linwood, Renfrewshire, PA3 3HR. |
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The financial statements are presented in Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The 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. There were no material departures from the standard. The financial |
statements have been prepared under the historical cost convention. |
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Going concern |
The financial statements have been prepared on a going concern basis. The validity of this is dependent on the |
continued support of the bank, short term creditors and the director, who considers that it is appropriate to |
prepare the financial statements on a going concern basis. |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. The company's policy is to recognise |
a sale when substantively all the risks and rewards in connection with the goods have been passed to the buyer. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
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Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
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Financial instruments |
The company only has financial assets and liabilities of a kind which qualify as basic financial instruments. Basic |
financial instruments are initially recognised at transaction value and subsequently measured at their settlement |
value. |
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Taxation |
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is |
calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
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The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred |
tax assets are recognised only to the extent that the director considers it to be more likely than not that there will |
be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
Deferred taxation is measured on a non-discounted basis at the average tax rates which would apply when the |
timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance |
sheet date. |
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With the exception of changes arising on the initial recognition of a business combination, the tax expense is |
presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the |
transaction that resulted in the tax expense. |
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Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. |
ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Assets purchased under finance leases and hire purchase agreements are capitalised and disclosed under tangible |
fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is |
charged to the profit and loss account over the relevant period. |
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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. |
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Operating leases |
Rentals payable under operating leases are charged against profits on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2017 |
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Additions |
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At 31 August 2018 |
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DEPRECIATION |
At 1 September 2017 |
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Charge for year |
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At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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4. | TANGIBLE FIXED ASSETS - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as |
follows: |
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Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2017 |
and 31 August 2018 |
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DEPRECIATION |
At 1 September 2017 |
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Charge for year |
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At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts and finance leases
(see note 8) |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Hire purchase contracts and finance leases
(see note 8) |
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ALICE CAIRNS BUTCHERS LIMITED (REGISTERED NUMBER: SC484137) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2018 |
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8. | LEASING AGREEMENTS |
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Minimum lease payments fall due as follows: |
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Hire purchase contracts | Finance leases |
2018 | 2017 | 2018 | 2017 |
£ | £ | £ | £ |
Net obligations repayable: |
Within one year |
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Between one and five years |
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Non-cancellable |
operating leases |
2018 | 2017 |
£ | £ |
Within one year |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2018 | 2017 |
£ | £ |
Hire purchase contracts and finance leases | 24,527 | 30,982 |