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REGISTERED NUMBER: 10645979 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

G & H PRODUCE LTD

G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & H PRODUCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: C A Goldthorpe
T A Hill
C E Goldthorpe





REGISTERED OFFICE: Sandhill Farm
Fosterhouses
Doncaster
DN7 5LE





REGISTERED NUMBER: 10645979 (England and Wales)





ACCOUNTANTS: W H Prior
Chartered Certified Accountants
Railway Court
Off Ten Pound Walk
Doncaster
South Yorkshire
DN4 5FB

G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 711,393 394,383

CURRENT ASSETS
Stocks 305,014 290,302
Debtors 5 191,029 131,682
Cash at bank and in hand 448,099 127,836
944,142 549,820
CREDITORS
Amounts falling due within one year 6 853,844 552,113
NET CURRENT ASSETS/(LIABILITIES) 90,298 (2,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

801,691

392,090

CREDITORS
Amounts falling due after more than one
year

7

(170,732

)

(115,697

)

PROVISIONS FOR LIABILITIES (177,848 ) (65,418 )
NET ASSETS 453,111 210,975

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 452,111 209,975
SHAREHOLDERS' FUNDS 453,111 210,975

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

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

G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 7th February 2025 and were signed on its behalf by:





T A Hill - Director


G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

G & H Produce 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 750,976
Additions 546,580
Disposals (133,880 )
At 31st March 2024 1,163,676
DEPRECIATION
At 1st April 2023 356,593
Charge for year 174,673
Eliminated on disposal (78,983 )
At 31st March 2024 452,283
NET BOOK VALUE
At 31st March 2024 711,393
At 31st March 2023 394,383

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st April 2023 456,819
Additions 308,973
Disposals (120,055 )
At 31st March 2024 645,737
DEPRECIATION
At 1st April 2023 104,908
Charge for year 86,473
Eliminated on disposal (70,880 )
At 31st March 2024 120,501
NET BOOK VALUE
At 31st March 2024 525,236
At 31st March 2023 351,911

G & H PRODUCE LTD (REGISTERED NUMBER: 10645979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,597 80,538
Other debtors 74,432 51,144
191,029 131,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,251 22,395
Hire purchase contracts 163,296 71,607
Trade creditors 377,979 256,055
Taxation and social security 46,535 3,175
Other creditors 242,783 198,881
853,844 552,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,961 37,212
Hire purchase contracts 156,771 78,485
170,732 115,697