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REGISTERED NUMBER: 11036867 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Ganesha Hereford Ltd

Ganesha Hereford Ltd (Registered number: 11036867)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ganesha Hereford Ltd

Company Information
for the year ended 31 October 2023







Directors: P Mackie
Mrs H V Mackie
P Sharma





Registered office: 6 Donald Street
Cardiff
CF24 4TQ





Registered number: 11036867 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Ganesha Hereford Ltd (Registered number: 11036867)

Abridged Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £   
FIXED ASSETS
Tangible assets 5 6,805 8,507

CURRENT ASSETS
Stocks 33,000 31,450
Debtors 13,808 4,049
Cash at bank and in hand 11,261 20,209
58,069 55,708
CREDITORS
Amounts falling due within one year (23,884 ) (13,115 )
NET CURRENT ASSETS 34,185 42,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,990

51,100

CREDITORS
Amounts falling due after more than one year (35,088 ) (40,734 )

PROVISIONS FOR LIABILITIES (1,293 ) (2,246 )
NET ASSETS 4,609 8,120

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 4,509 8,020
SHAREHOLDERS' FUNDS 4,609 8,120

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

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

Ganesha Hereford Ltd (Registered number: 11036867)

Abridged Balance Sheet - continued
31 October 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





P Mackie - Director


Ganesha Hereford Ltd (Registered number: 11036867)

Notes to the Financial Statements
for the year ended 31 October 2023


1. STATUTORY INFORMATION

Ganesha Hereford 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 20% 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 Profit and Loss Account, 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.

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.

Ganesha Hereford Ltd (Registered number: 11036867)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 November 2022
and 31 October 2023 15,075
Depreciation
At 1 November 2022 6,568
Charge for year 1,702
At 31 October 2023 8,270
Net book value
At 31 October 2023 6,805
At 31 October 2022 8,507

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary £1 100 100