786HORIZON FOODS LTD

Company Registration Number:
SC572256 (Scotland)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

786HORIZON FOODS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

786HORIZON FOODS LTD

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 55,097 47,506
Total fixed assets: 55,097 47,506
Current assets
Stocks: 135,000 130,000
Debtors:   79,110 64,753
Cash at bank and in hand: 128,604 24,673
Total current assets: 342,714 219,426
Creditors: amounts falling due within one year:   (130,999) (83,433)
Net current assets (liabilities): 211,715 135,993
Total assets less current liabilities: 266,812 183,499
Creditors: amounts falling due after more than one year:   (48,769) (36,531)
Total net assets (liabilities): 218,043 146,968
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 217,943 146,868
Shareholders funds: 218,043 146,968

The notes form part of these financial statements

786HORIZON FOODS LTD

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: KIRAN ALI
Status: Director

The notes form part of these financial statements

786HORIZON FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Turnover Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added T

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

786HORIZON FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

786HORIZON FOODS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 74,775
Additions 23,000
At 31 January 2024 97,775
Depreciation
At 01 February 2023 27,269
Charge for year 15,409
At 31 January 2024 42,678
Net book value
At 31 January 2024 55,097
At 31 January 2023 47,506