REGISTERED NUMBER: 12718336 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Hollies Foods Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C H Chan

SECRETARY:

REGISTERED OFFICE:

26 Northwood Avenue

Knaphill

Woking

Surrey

GU21 2ET

REGISTERED NUMBER:

12718336 (England and Wales)

ACCOUNTANTS:

CHU & CO

Strathclyde

Slade Lane

Ash

Hampshire

GU12 6DY

FIXED ASSETS

Tangible assets

4

56,202

33,301

CURRENT ASSETS

Debtors

5

59,425

87,963

Cash at bank

15,773

8,122

75,198

96,085

CREDITORS

Amounts falling due within one year

6

40,092

38,160

NET CURRENT ASSETS

35,106

57,925

TOTAL ASSETS LESS CURRENT LIABILITIES

91,308

91,226

CREDITORS

Amounts falling due after more than one year

7

46,711

30,013

NET ASSETS

44,597

61,213

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

44,587

61,203

SHAREHOLDERS' FUNDS

44,597

61,213

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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 3 April 2025 and were signed by:

C H Chan - Director

1.	STATUTORY INFORMATION

Hollies Foods 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.

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.

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 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 August 2023

382

43,995

44,377

Additions

-

49,032

49,032

Disposals

-

(15,000

)

(15,000

)

At 31 July 2024

382

78,027

78,409

DEPRECIATION

At 1 August 2023

77

10,999

11,076

Charge for year

46

11,085

11,131

At 31 July 2024

123

22,084

22,207

NET BOOK VALUE

At 31 July 2024

259

55,943

56,202

At 31 July 2023

305

32,996

33,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

38,442

79,098

Other debtors

20,983

8,865

59,425

87,963

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Hire purchase contracts

11,001

7,663

Trade creditors

18,569

10,712

Taxation and social security

3,961

6,041

Other creditors

6,561

13,744

40,092

38,160

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Hire purchase contracts

46,711

30,013