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REGISTERED NUMBER: 03084403 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

HONEY GARDEN SAUCES LIMITED

HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HONEY GARDEN SAUCES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs R B Miah
L Miah





SECRETARY: Mrs R B Miah





REGISTERED OFFICE: Mainline Business Centre
74 Station Road
Liss
Hampshire
GU33 7AD





REGISTERED NUMBER: 03084403 (England and Wales)





ACCOUNTANTS: A & N Chartered Accountants
Aruna House
2 Kings Road
Haslemere
Surrey
Tel: 01428 645398
GU27 2QA

HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 217,811 218,753

CURRENT ASSETS
Stocks 30,200 8,750
Debtors 4 49,862 50,247
Cash at bank and in hand 2,878 5,689
82,940 64,686
CREDITORS
Amounts falling due within one year 5 88,615 84,569
NET CURRENT LIABILITIES (5,675 ) (19,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,136

198,870

PROVISIONS FOR LIABILITIES 1,256 597
NET ASSETS 210,880 198,273

CAPITAL AND RESERVES
Called up share capital 6 100 100
Revaluation reserve 7 91,595 91,595
Retained earnings 7 119,185 106,578
SHAREHOLDERS' FUNDS 210,880 198,273

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

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

HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)

Statement of Financial Position - continued
31 December 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 18 July 2024 and were signed on its behalf by:





L Miah - Director


HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)

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

1. 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 as modified by the revaluation of certain assets.

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.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

3. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 175,000 37,788 176,130
DEPRECIATION
At 1 January 2023 - - 171,943
Charge for year - - 628
At 31 December 2023 - - 172,571
NET BOOK VALUE
At 31 December 2023 175,000 37,788 3,559
At 31 December 2022 175,000 37,788 4,187

HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)

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

3. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 36,092 4,750 1,621 431,381
DEPRECIATION
At 1 January 2023 35,069 4,275 1,341 212,628
Charge for year 154 118 42 942
At 31 December 2023 35,223 4,393 1,383 213,570
NET BOOK VALUE
At 31 December 2023 869 357 238 217,811
At 31 December 2022 1,023 475 280 218,753

Cost or valuation at 31 December 2023 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2018 86,711 37,788 -
Cost 88,289 - 176,130
175,000 37,788 176,130

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2018 - - - 124,499
Cost 36,092 4,750 1,621 306,882
36,092 4,750 1,621 431,381

If Freehold property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 88,289 88,289

Freehold property was valued on an open market basis on 31 December 2019 by the director .

HONEY GARDEN SAUCES LIMITED (REGISTERED NUMBER: 03084403)

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 44,628 36,493
Other debtors 5,234 13,754
49,862 50,247

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 70,064 68,768
Taxation and social security 9,495 7,246
Other creditors 9,056 8,555
88,615 84,569

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 106,578 91,595 198,173
Profit for the year 32,607 32,607
Dividends (20,000 ) (20,000 )
At 31 December 2023 119,185 91,595 210,780