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REGISTERED NUMBER: SC406009 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

HLD Fruits Ltd

HLD Fruits Ltd (Registered number: SC406009)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HLD Fruits Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: M Driver
M Love
S Hamilton





REGISTERED OFFICE: Unit 64, Evans Business Centre
Belshill Industrial Estate
Belgrave Street
Belshill
ML4 3NP





REGISTERED NUMBER: SC406009 (Scotland)





ACCOUNTANTS: Advantage Accounting (Scotland) Ltd
Pavilion 2
Finnieston Business Park
Minerva Way
Glasgow
G3 8AU

HLD Fruits Ltd (Registered number: SC406009)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,975 18,202

CURRENT ASSETS
Stocks 16,957 16,362
Debtors 5 252,785 186,660
Cash at bank and in hand 62,469 71,244
332,211 274,266
CREDITORS
Amounts falling due within one year 6 553,731 512,982
NET CURRENT LIABILITIES (221,520 ) (238,716 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(205,545

)

(220,514

)

CREDITORS
Amounts falling due after more than one
year

7

(200,049

)

(103,040

)

PROVISIONS FOR LIABILITIES (3,407 ) (10,315 )
NET LIABILITIES (409,001 ) (333,869 )

CAPITAL AND RESERVES
Called up share capital 5 6
Retained earnings (409,006 ) (333,875 )
SHAREHOLDERS' FUNDS (409,001 ) (333,869 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HLD Fruits Ltd (Registered number: SC406009)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





M Love - Director


HLD Fruits Ltd (Registered number: SC406009)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

HLD Fruits Ltd is a private company, limited by shares , registered in Scotland. 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 etc - 33% on cost and 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.

Going concern
As at the balance sheet date the company had negative reserves of £409,001. The directors continue to support the company, allowing the company to meet its liabilities as they fall due and as such believe it is appropriate for the financial statements to be prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 22 ) .

HLD Fruits Ltd (Registered number: SC406009)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 34,110
Additions 4,315
At 30 June 2023 38,425
DEPRECIATION
At 1 July 2022 15,908
Charge for year 6,542
At 30 June 2023 22,450
NET BOOK VALUE
At 30 June 2023 15,975
At 30 June 2022 18,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 214,827 153,611
Other debtors 37,958 33,049
252,785 186,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 155,386 95,469
Finance leases 2,685 5,800
Trade creditors 295,785 363,884
Taxation and social security 29,096 47,829
Other creditors 70,779 -
553,731 512,982

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 50,049 49,659
Other creditors 150,000 53,381
200,049 103,040

HLD Fruits Ltd (Registered number: SC406009)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bibby Factors Scotland Limited 141,755 83,054

Bibby Factors Scotland Limited holds a floating charge over the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
M Love
Balance outstanding at start of year - -
Amounts advanced 1,664 -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,352 -

S Hamilton
Balance outstanding at start of year - -
Amounts advanced 4,728 -
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,416 -

Amounts due from directors are unsecured, interest free and have no fixed terms of repayment.