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REGISTERED NUMBER: 04388572 (England and Wales)















HCS-Food Ltd

Previously known as
Oakhouse Foods (WK) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HCS-Food Ltd
previously known as Oakhouse Foods (WK) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A S Howells-Cook
H R Howells-Cook





REGISTERED OFFICE: Unit 14
Wren Industrial Estate
Coldred Road
Kent
ME15 9YT





REGISTERED NUMBER: 04388572 (England and Wales)





ACCOUNTANTS: VCS Accountancy Ltd
Finchley Park
Emmet Hill Lane
Laddingford
Kent
ME18 6BG

HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited

Balance Sheet
31 March 2023

31/3/23 31/3/22
Notes £ £
FIXED ASSETS
Tangible assets 4 23,004 21,212

CURRENT ASSETS
Stocks 43,995 39,234
Debtors 5 32,404 91,117
Cash in hand 141,651 112,579
218,050 242,930
CREDITORS
Amounts falling due within one year 6 (124,372 ) (137,237 )
NET CURRENT ASSETS 93,678 105,693
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,682

126,905

CREDITORS
Amounts falling due after more than
one year

7

(48,147

)

(57,879

)
NET ASSETS 68,535 69,026

CAPITAL AND RESERVES
Called up share capital 185 185
Retained earnings 68,350 68,841
68,535 69,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





A S Howells-Cook - Director


HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

HCS-Food 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 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 33% 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 Statement of Income and Retained Earnings, 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.

HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

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 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 April 2022 14,104 21,823 18,100 375 54,402
Additions 4,160 - - 2,642 6,802
At 31 March 2023 18,264 21,823 18,100 3,017 61,204
DEPRECIATION
At 1 April 2022 11,599 4,703 16,700 188 33,190
Charge for year 1,653 2,183 420 754 5,010
At 31 March 2023 13,252 6,886 17,120 942 38,200
NET BOOK VALUE
At 31 March 2023 5,012 14,937 980 2,075 23,004
At 31 March 2022 2,505 17,120 1,400 187 21,212

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Trade debtors 15,363 10,046
Other debtors 4,915 4,949
Directors' loan accounts - 59,354
VAT 7,375 7,879
Prepayments 4,751 8,889
32,404 91,117

HCS-Food Ltd (Registered number: 04388572)
previously known as Oakhouse Foods (WK) Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£ £
Bank loans and overdrafts 8,482 6,786
Trade creditors 100,032 95,191
Tax 6,751 10,913
Other creditors 3,731 17,044
Directors' loan accounts 3 -
Accruals and deferred income 5,373 7,303
124,372 137,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/23 31/3/22
£ £
Bank loans - 1-2 years 48,147 57,879

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/23 31/3/22
£ £
Within one year 28,937 44,592
Between one and five years 19,063 45,261
48,000 89,853