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REGISTERED NUMBER: SC455122 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Hebridean Food Group Limited

Hebridean Food Group Limited (Registered number: SC455122)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Hebridean Food Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Stewart





REGISTERED OFFICE: Ronay 7 Kallin
Grimsay
Isle Of North Uist
HS6 5HY





REGISTERED NUMBER: SC455122 (Scotland)





ACCOUNTANTS: SYKAM & Co
19 Greek Thomson Road
Balfron
Glasgow
G63 0RE

Hebridean Food Group Limited (Registered number: SC455122)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,782 272,346

CURRENT ASSETS
Stocks 536,500 212,576
Debtors 5 970,798 775,578
1,507,298 988,154
CREDITORS
Amounts falling due within one year 6 839,233 537,897
NET CURRENT ASSETS 668,065 450,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,178,847

722,603

CREDITORS
Amounts falling due after more than
one year

7

(880,241

)

(70,377

)

PROVISIONS FOR LIABILITIES (100,368 ) (51,746 )
NET ASSETS 198,238 600,480

Hebridean Food Group Limited (Registered number: SC455122)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 142,130 141,530
Share premium 1,383,879 1,369,479
Retained earnings (1,327,771 ) (910,529 )
198,238 600,480

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 director acknowledges his 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.

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 director and authorised for issue on 22 October 2024 and were signed by:





D Stewart - Director


Hebridean Food Group Limited (Registered number: SC455122)

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

1. STATUTORY INFORMATION

Hebridean Food Group Limited 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 - 25% on cost and 10% on cost

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.

Hebridean Food Group Limited (Registered number: SC455122)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 504,114
Additions 323,483
At 31 December 2023 827,597
DEPRECIATION
At 1 January 2023 231,768
Charge for year 85,047
At 31 December 2023 316,815
NET BOOK VALUE
At 31 December 2023 510,782
At 31 December 2022 272,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 123,720 52,170
Other debtors 847,078 723,408
970,798 775,578

Hebridean Food Group Limited (Registered number: SC455122)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 29,427 28,709
Trade creditors 498,907 194,752
Taxation and social security 205,837 236,993
Other creditors 105,062 77,443
839,233 537,897

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 39,222 46,206
Other creditors 841,019 24,171
880,241 70,377

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
D Stewart
Balance outstanding at start of year 221,418 96,186
Amounts advanced 107,084 152,013
Amounts repaid (9,762 ) (26,781 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 318,740 221,418

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hebridean Food Group Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hebridean Food Group Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hebridean Food Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hebridean Food Group Limited and state those matters that we have agreed to state to the director of Hebridean Food Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hebridean Food Group Limited and its director for our work or for this report.

It is your duty to ensure that Hebridean Food Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hebridean Food Group Limited. You consider that Hebridean Food Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hebridean Food Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






SYKAM & Co
19 Greek Thomson Road
Balfron
Glasgow
G63 0RE


22 October 2024