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REGISTERED NUMBER: 04794177 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2018

for

N & S Rhodes Butchers Limited

N & S Rhodes Butchers Limited (Registered number: 04794177)






Contents of the Financial Statements
for the Year Ended 31 October 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

N & S Rhodes Butchers Limited

Company Information
for the Year Ended 31 October 2018







DIRECTORS: Mr N Rhodes
Mrs S Rhodes





SECRETARY: Mrs S Rhodes





REGISTERED OFFICE: 8 Caspian Road
Askam-in-furness
Cumbria
LA16 7HW





REGISTERED NUMBER: 04794177 (England and Wales)





ACCOUNTANTS: R F Miller & Co
Chartered Accountants
102 Duke Street
Barrow in Furness
Cumbria
LA14 1RD

N & S Rhodes Butchers Limited (Registered number: 04794177)

Balance Sheet
31 October 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,730 5,676
Tangible assets 5 6,145 906
10,875 6,582

CURRENT ASSETS
Stocks 6 2,850 3,280
Debtors 7 4,466 3,958
Cash at bank and in hand 3,086 3,084
10,402 10,322
CREDITORS
Amounts falling due within one year 8 19,717 16,419
NET CURRENT LIABILITIES (9,315 ) (6,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,560

485

PROVISIONS FOR LIABILITIES 1,167 181
NET ASSETS 393 304

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 293 204
SHAREHOLDERS' FUNDS 393 304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 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 13 March 2019 and were signed on its behalf by:





Mr N Rhodes - Director


N & S Rhodes Butchers Limited (Registered number: 04794177)

Notes to the Financial Statements
for the Year Ended 31 October 2018

1. STATUTORY INFORMATION

N & S Rhodes 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 year was 5 (2017 - 5 ) .

N & S Rhodes Butchers Limited (Registered number: 04794177)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2017
and 31 October 2018 18,920
AMORTISATION
At 1 November 2017 13,244
Amortisation for year 946
At 31 October 2018 14,190
NET BOOK VALUE
At 31 October 2018 4,730
At 31 October 2017 5,676

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2017 7,946 11,500 19,446
Additions - 6,995 6,995
Disposals - (11,500 ) (11,500 )
At 31 October 2018 7,946 6,995 14,941
DEPRECIATION
At 1 November 2017 7,525 11,015 18,540
Charge for year 105 1,166 1,271
Eliminated on disposal - (11,015 ) (11,015 )
At 31 October 2018 7,630 1,166 8,796
NET BOOK VALUE
At 31 October 2018 316 5,829 6,145
At 31 October 2017 421 485 906

6. STOCKS
2018 2017
£    £   
Stocks 2,850 3,280

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 3,261 2,977
VAT 946 861
Prepayments 259 120
4,466 3,958

N & S Rhodes Butchers Limited (Registered number: 04794177)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 66 3,139
Trade creditors 7,174 6,833
Tax 2,936 2,496
Social security and other taxes 110 259
Directors' current accounts 8,271 2,577
Accrued expenses 1,160 1,115
19,717 16,419

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 November 2017 204
Profit for the year 15,589
Dividends (15,500 )
At 31 October 2018 293

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors were amounts due to the directors of £8,271 (2017: £2,577), which were all payable
within one year. The directors' loan account was not overdrawn at any time during this year or the prior year.

12. RELATED PARTY DISCLOSURES

During the year, Mr Rhodes and Mrs Rhodes jointly received a dividend of £15,500 (2017: £9,800).

13. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr N S Rhodes throughout the current period. Mr Rhodes is the
managing director and together with members of his immediate family own all the shares.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
N & S Rhodes Butchers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of N & S Rhodes Butchers Limited for the year ended 31 October 2018 which comprise the
Income Statement, Balance Sheet and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of N & S Rhodes Butchers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N & S Rhodes Butchers Limited and state those matters that we have agreed to state to the Board of Directors of N & S Rhodes Butchers Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N & S Rhodes Butchers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that N & S Rhodes Butchers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N & S Rhodes Butchers Limited. You consider that N & S Rhodes Butchers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N & S Rhodes Butchers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






R F Miller & Co
Chartered Accountants
102 Duke Street
Barrow in Furness
Cumbria
LA14 1RD


13 March 2019