Registered Number:02867849 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Golden Harvest Foods Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Golden Harvest Foods Ltd
Statement of Financial Position
2022
2023
-
2,000
2
Property, plant and equipment |
301,537
307,526
3
301,537
309,526
15,613
6,984
4
Trade and other receivables |
311,407
145,571
5
838,658
Cash and cash equivalents |
1,002,629
1,155,184
1,165,678
Trade and other payables: amounts falling due within one |
year |
(293,244)
(280,935)
6
872,434
874,249
Net current assets
Total assets less current liabilities |
1,175,786
1,181,960
1,175,786
Net assets
1,181,960
2
2
1,175,784
1,181,958
1,175,786
1,181,960
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 22 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 November 2023
Golden Harvest Foods Ltd
Notes to the Financial Statements
Statutory Information
Golden Harvest Foods Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 02867849. |
Unit 2, St James Court
Bridgnorth Road
Wollaston
Stourbridge
DY8 3QG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 30 November 2023
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
10,000
10,000
8,000
2,000
Charge for year
10,000
-
2,000
3. Property, plant and equipment |
Motor vehicles
414,130
450
24,853
388,827
4,590
-
-
4,590
393,417
24,853
450
418,720
Provision for depreciation and impairment |
106,604
450
19,061
87,093
Charge for year
10,579
-
579
10,000
117,183
450
19,640
97,093
296,324
5,213
-
301,537
301,734
5,792
-
307,526
2022
2023
6,984
15,613
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For the year ended 30 November 2023
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
145,571
298,479
-
12,928
311,407
145,571
6. Trade and other payables: amounts falling due within one year |
2022
2023
141,150
147,171
Taxation and social security |
97,365
84,452
42,420
61,621
280,935
293,244
7. Average number of persons employed |
During the year the average number of employees was 0 (2022 : 9)
4 of 4