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REGISTERED NUMBER: 01655970 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

H R Foot Limited

H R Foot Limited (Registered number: 01655970)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


H R Foot Limited (Registered number: 01655970)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 510,032 555,194
Investments 6 13 13
510,045 555,207

CURRENT ASSETS
Stocks 7 575,676 700,894
Debtors 8 11,277 415
Prepayments and accrued income 24,737 9,693
611,690 711,002
CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR

9

298,103

476,717
NET CURRENT ASSETS 313,587 234,285
TOTAL ASSETS LESS CURRENT LIABILITIES 823,632 789,492

CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR

10

(773,955

)

(706,649

)

PROVISIONS FOR LIABILITIES (3,691 ) (10,303 )
NET ASSETS 45,986 72,540

CAPITAL AND RESERVES
Called up share capital 65,548 65,548
Retained earnings (19,562 ) 6,992
45,986 72,540

H R Foot Limited (Registered number: 01655970)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2024 and were signed on its behalf by:




Mr A R Foot - Director Mr H R Foot - Director




Mrs N A Foot - Director


H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

H R Foot Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01655970

Registered office: Oake House
Silver Street
West Buckland
Wellington
Somerset
TA21 9LR

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.

Intangible assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment cost.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probably that the expected future economic benefits that are attributable to the asset will flow to the entity and the cost or value of the asset can be measured reliably.

Amortisation is recognised as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

BPS Entitlements Straight line over 5 years

H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - Straight line over 10 years, Straight line over 25 years and Straight line over 20 years
Plant and machinery - 25% on reducing balance and Straight line over 25 years
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Stocks
Stock is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with H M Revenue & Customs guidance HS232.

Financial instruments
Classification
The company holds the following financial instruments:

Short term debtors and creditors;
Cash and bank balances;
Preference shares; and
Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement
The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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.

H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
BPS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 17,164
AMORTISATION
At 1 April 2023
and 31 March 2024 17,164
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Tenants Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 549,762 585,909 13,950 1,149,621
Disposals (12,772 ) - - (12,772 )
At 31 March 2024 536,990 585,909 13,950 1,136,849
DEPRECIATION
At 1 April 2023 175,746 411,616 7,065 594,427
Charge for year 19,037 11,632 1,721 32,390
At 31 March 2024 194,783 423,248 8,786 626,817
NET BOOK VALUE
At 31 March 2024 342,207 162,661 5,164 510,032
At 31 March 2023 374,016 174,293 6,885 555,194

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 13
NET BOOK VALUE
At 31 March 2024 13
At 31 March 2023 13

7. STOCKS
2024 2023
£    £   
Stock 503,895 626,101
Deadstock 71,781 74,793
575,676 700,894

H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 835 -
Other debtors 10,442 415
11,277 415

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 58,272 133,034
Hire purchase contracts 9,266 9,266
Trade creditors 122,771 152,440
Other creditors 64,516 167,797
Accruals and deferred income 43,278 14,180
298,103 476,717

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2 - 5 years 68,511 69,902
Bank loans > 5 years 104,128 119,519
Hire purchase contracts 10,810 20,077
Other creditors 526,041 429,756
Accruals and deferred income 2 - 5 years 11,721 11,721
Accurals and deferred income > 5 years 52,744 55,674
773,955 706,649

Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 104,128 119,519

H R Foot Limited (Registered number: 01655970)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 41,144 110,176
Bank loans 189,767 212,279
Hire purchase contracts 20,076 29,343
250,987 351,798

The hire purchase liabilities are secured on the assets to which they relate.

The bank loans and overdraft are guaranteed by the directors personally.