George Haffner (Foods) Limited 00593763 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of master butchers. Digita Accounts Production Advanced 6.30.9574.0 true true 00593763 2023-04-01 2024-03-31 00593763 2024-03-31 00593763 core:RetainedEarningsAccumulatedLosses 2024-03-31 00593763 core:ShareCapital 2024-03-31 00593763 core:CurrentFinancialInstruments 2024-03-31 00593763 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 00593763 core:Non-currentFinancialInstruments 2024-03-31 00593763 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 00593763 core:FurnitureFittingsToolsEquipment 2024-03-31 00593763 core:MotorVehicles 2024-03-31 00593763 bus:SmallEntities 2023-04-01 2024-03-31 00593763 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00593763 bus:FilletedAccounts 2023-04-01 2024-03-31 00593763 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00593763 bus:RegisteredOffice 2023-04-01 2024-03-31 00593763 bus:Director1 2023-04-01 2024-03-31 00593763 bus:Director3 2023-04-01 2024-03-31 00593763 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00593763 bus:Agent1 2023-04-01 2024-03-31 00593763 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 00593763 core:MotorVehicles 2023-04-01 2024-03-31 00593763 core:OfficeEquipment 2023-04-01 2024-03-31 00593763 core:PlantMachinery 2023-04-01 2024-03-31 00593763 countries:AllCountries 2023-04-01 2024-03-31 00593763 2023-03-31 00593763 core:FurnitureFittingsToolsEquipment 2023-03-31 00593763 core:MotorVehicles 2023-03-31 00593763 2022-04-01 2023-03-31 00593763 2023-03-31 00593763 core:RetainedEarningsAccumulatedLosses 2023-03-31 00593763 core:ShareCapital 2023-03-31 00593763 core:CurrentFinancialInstruments 2023-03-31 00593763 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00593763 core:Non-currentFinancialInstruments 2023-03-31 00593763 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00593763 core:FurnitureFittingsToolsEquipment 2023-03-31 00593763 core:MotorVehicles 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 00593763

George Haffner (Foods) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

George Haffner (Foods) Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

George Haffner (Foods) Limited

Company Information

Directors

Mr D Cockett

Mr E W A Cockett

Registered office

14 Keirby Walk
Burnley
Lancashire
BB11 2DE

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
George Haffner (Foods) Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of George Haffner (Foods) Limited for the year ended 31 March 2024 as set out on pages 3 to 10 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of George Haffner (Foods) Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of George Haffner (Foods) Limited and state those matters that we have agreed to state to the Board of Directors of George Haffner (Foods) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than George Haffner (Foods) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that George Haffner (Foods) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of George Haffner (Foods) Limited. You consider that George Haffner (Foods) 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 accounts of George Haffner (Foods) 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 accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

24 March 2025

 

George Haffner (Foods) Limited

(Registration number: 00593763)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

91,962

94,187

Current assets

 

Stocks

5

5,000

8,400

Debtors

6

118,756

34,432

Cash at bank and in hand

 

22,913

68,036

 

146,669

110,868

Creditors: Amounts falling due within one year

7

(92,843)

(50,797)

Net current assets

 

53,826

60,071

Total assets less current liabilities

 

145,788

154,258

Creditors: Amounts falling due after more than one year

7

(103,176)

(106,978)

Net assets

 

42,612

47,280

Capital and reserves

 

Called up share capital

2,000

2,000

Retained earnings

40,612

45,280

Shareholders' funds

 

42,612

47,280

 

George Haffner (Foods) Limited

(Registration number: 00593763)
Balance Sheet as at 31 March 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 March 2025 and signed on its behalf by:
 

.........................................
Mr D Cockett
Director

 

George Haffner (Foods) Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
14 Keirby Walk
Burnley
Lancashire
BB11 2DE

These financial statements were authorised for issue by the Board on 24 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

George Haffner (Foods) Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor vehicles

25% reducing balance

Office equipment

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

George Haffner (Foods) Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

George Haffner (Foods) Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 22 (2023 - 14).

 

George Haffner (Foods) Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

172,664

84,008

256,672

Additions

19,208

-

19,208

At 31 March 2024

191,872

84,008

275,880

Depreciation

At 1 April 2023

140,509

21,976

162,485

Charge for the year

5,925

15,508

21,433

At 31 March 2024

146,434

37,484

183,918

Carrying amount

At 31 March 2024

45,438

46,524

91,962

At 31 March 2023

32,155

62,032

94,187

5

Stocks

2024
£

2023
£

Other inventories

5,000

8,400

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

24,882

3,547

Amounts owed by group undertakings and undertakings in which the company has a participating interest

25,500

-

Prepayments

 

5,463

7,119

Other debtors

 

62,911

23,766

 

118,756

34,432

 

George Haffner (Foods) Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

73,657

39,931

Taxation and social security

8,019

5,016

Accruals and deferred income

3,340

5,180

Other creditors

7,827

670

92,843

50,797

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

103,176

106,978

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

103,176

106,978