2023-10-012024-07-312024-07-31falseSC438333HARVEST GOLD LIMITED2025-06-09falseiso4217:GBPxbrli:pureSC4383332023-10-01SC4383332024-07-31SC4383332023-10-012024-07-31SC4383332022-10-01SC4383332023-09-30SC4383332022-10-012023-09-30SC438333bus:SmallEntities2023-10-012024-07-31SC438333bus:AuditExempt-NoAccountantsReport2023-10-012024-07-31SC438333bus:FullAccounts2023-10-012024-07-31SC438333bus:PrivateLimitedCompanyLtd2023-10-012024-07-31SC438333core:WithinOneYear2024-07-31SC438333core:AfterOneYear2024-07-31SC438333core:WithinOneYear2023-09-30SC438333core:AfterOneYear2023-09-30SC438333core:ShareCapital2024-07-31SC438333core:SharePremium2024-07-31SC438333core:RevaluationReserve2024-07-31SC438333core:OtherReservesSubtotal2024-07-31SC438333core:RetainedEarningsAccumulatedLosses2024-07-31SC438333core:ShareCapital2023-09-30SC438333core:SharePremium2023-09-30SC438333core:RevaluationReserve2023-09-30SC438333core:OtherReservesSubtotal2023-09-30SC438333core:RetainedEarningsAccumulatedLosses2023-09-30SC438333core:LandBuildings2024-07-31SC438333core:PlantMachinery2024-07-31SC438333core:Vehicles2024-07-31SC438333core:FurnitureFittings2024-07-31SC438333core:OfficeEquipment2024-07-31SC438333core:NetGoodwill2024-07-31SC438333core:IntangibleAssetsOtherThanGoodwill2024-07-31SC438333core:ListedExchangeTraded2024-07-31SC438333core:UnlistedNon-exchangeTraded2024-07-31SC438333core:LandBuildings2023-09-30SC438333core:PlantMachinery2023-09-30SC438333core:Vehicles2023-09-30SC438333core:FurnitureFittings2023-09-30SC438333core:OfficeEquipment2023-09-30SC438333core:NetGoodwill2023-09-30SC438333core:IntangibleAssetsOtherThanGoodwill2023-09-30SC438333core:ListedExchangeTraded2023-09-30SC438333core:UnlistedNon-exchangeTraded2023-09-30SC438333core:LandBuildings2023-10-012024-07-31SC438333core:PlantMachinery2023-10-012024-07-31SC438333core:Vehicles2023-10-012024-07-31SC438333core:FurnitureFittings2023-10-012024-07-31SC438333core:OfficeEquipment2023-10-012024-07-31SC438333core:NetGoodwill2023-10-012024-07-31SC438333core:IntangibleAssetsOtherThanGoodwill2023-10-012024-07-31SC438333core:ListedExchangeTraded2023-10-012024-07-31SC438333core:UnlistedNon-exchangeTraded2023-10-012024-07-31SC438333core:MoreThanFiveYears2023-10-012024-07-31SC438333core:Non-currentFinancialInstruments2024-07-31SC438333core:Non-currentFinancialInstruments2023-09-30SC438333dpl:CostSales2023-10-012024-07-31SC438333dpl:DistributionCosts2023-10-012024-07-31SC438333core:LandBuildings2023-10-012024-07-31SC438333core:PlantMachinery2023-10-012024-07-31SC438333core:Vehicles2023-10-012024-07-31SC438333core:FurnitureFittings2023-10-012024-07-31SC438333core:OfficeEquipment2023-10-012024-07-31SC438333dpl:AdministrativeExpenses2023-10-012024-07-31SC438333core:NetGoodwill2023-10-012024-07-31SC438333core:IntangibleAssetsOtherThanGoodwill2023-10-012024-07-31SC438333dpl:GroupUndertakings2023-10-012024-07-31SC438333dpl:ParticipatingInterests2023-10-012024-07-31SC438333dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-07-31SC438333core:ListedExchangeTraded2023-10-012024-07-31SC438333dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-07-31SC438333core:UnlistedNon-exchangeTraded2023-10-012024-07-31SC438333dpl:CostSales2022-10-012023-09-30SC438333dpl:DistributionCosts2022-10-012023-09-30SC438333core:LandBuildings2022-10-012023-09-30SC438333core:PlantMachinery2022-10-012023-09-30SC438333core:Vehicles2022-10-012023-09-30SC438333core:FurnitureFittings2022-10-012023-09-30SC438333core:OfficeEquipment2022-10-012023-09-30SC438333dpl:AdministrativeExpenses2022-10-012023-09-30SC438333core:NetGoodwill2022-10-012023-09-30SC438333core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30SC438333dpl:GroupUndertakings2022-10-012023-09-30SC438333dpl:ParticipatingInterests2022-10-012023-09-30SC438333dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-30SC438333core:ListedExchangeTraded2022-10-012023-09-30SC438333dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-30SC438333core:UnlistedNon-exchangeTraded2022-10-012023-09-30SC438333core:NetGoodwill2024-07-31SC438333core:IntangibleAssetsOtherThanGoodwill2024-07-31SC438333core:LandBuildings2024-07-31SC438333core:PlantMachinery2024-07-31SC438333core:Vehicles2024-07-31SC438333core:FurnitureFittings2024-07-31SC438333core:OfficeEquipment2024-07-31SC438333core:AfterOneYear2024-07-31SC438333core:WithinOneYear2024-07-31SC438333core:ListedExchangeTraded2024-07-31SC438333core:UnlistedNon-exchangeTraded2024-07-31SC438333core:ShareCapital2024-07-31SC438333core:SharePremium2024-07-31SC438333core:RevaluationReserve2024-07-31SC438333core:OtherReservesSubtotal2024-07-31SC438333core:RetainedEarningsAccumulatedLosses2024-07-31SC438333core:NetGoodwill2023-09-30SC438333core:IntangibleAssetsOtherThanGoodwill2023-09-30SC438333core:LandBuildings2023-09-30SC438333core:PlantMachinery2023-09-30SC438333core:Vehicles2023-09-30SC438333core:FurnitureFittings2023-09-30SC438333core:OfficeEquipment2023-09-30SC438333core:AfterOneYear2023-09-30SC438333core:WithinOneYear2023-09-30SC438333core:ListedExchangeTraded2023-09-30SC438333core:UnlistedNon-exchangeTraded2023-09-30SC438333core:ShareCapital2023-09-30SC438333core:SharePremium2023-09-30SC438333core:RevaluationReserve2023-09-30SC438333core:OtherReservesSubtotal2023-09-30SC438333core:RetainedEarningsAccumulatedLosses2023-09-30SC438333core:NetGoodwill2022-10-01SC438333core:IntangibleAssetsOtherThanGoodwill2022-10-01SC438333core:LandBuildings2022-10-01SC438333core:PlantMachinery2022-10-01SC438333core:Vehicles2022-10-01SC438333core:FurnitureFittings2022-10-01SC438333core:OfficeEquipment2022-10-01SC438333core:AfterOneYear2022-10-01SC438333core:WithinOneYear2022-10-01SC438333core:ListedExchangeTraded2022-10-01SC438333core:UnlistedNon-exchangeTraded2022-10-01SC438333core:ShareCapital2022-10-01SC438333core:SharePremium2022-10-01SC438333core:RevaluationReserve2022-10-01SC438333core:OtherReservesSubtotal2022-10-01SC438333core:RetainedEarningsAccumulatedLosses2022-10-01SC438333core:AfterOneYear2023-10-012024-07-31SC438333core:WithinOneYear2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-07-31SC438333core:Non-currentFinancialInstrumentscore:CostValuation2024-07-31SC438333core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-07-31SC438333core:Non-currentFinancialInstrumentscore:CostValuation2023-09-30SC438333core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-30SC438333core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-30SC438333bus:Director12023-10-012024-07-31SC438333core:FurnitureFittingsToolsEquipment2023-09-30SC438333core:FurnitureFittingsToolsEquipment2023-10-012024-07-31SC438333core:FurnitureFittingsToolsEquipment2024-07-31SC4383331bus:Director12023-10-01SC4383331bus:Director12023-10-012024-07-31SC4383331bus:Director12024-07-31SC4383332023-10-01SC4383332023-10-012024-07-31SC4383332024-07-31

HARVEST GOLD LIMITED

Registered Number
SC438333
(Scotland)

Unaudited Financial Statements for the Period ended
31 July 2024

HARVEST GOLD LIMITED
Company Information
for the period from 1 October 2023 to 31 July 2024

Director

SETO, Christopher Wai

Registered Address

9 Royal Crescent
Glasgow
G3 7SP

Registered Number

SC438333 (Scotland)
HARVEST GOLD LIMITED
Balance Sheet as at
31 July 2024

Notes

31 Jul 2024

30 Sep 2023

£

£

£

£

Fixed assets
Tangible assets3219,10073,799
219,10073,799
Current assets
Stocks4396,542595,000
Debtors53,604,4762,787,810
Cash at bank and on hand502,333872,644
4,503,3514,255,454
Creditors amounts falling due within one year6(1,868,971)(2,342,438)
Net current assets (liabilities)2,634,3801,913,016
Total assets less current liabilities2,853,4801,986,815
Provisions for liabilities7(12,956)(16,450)
Net assets2,840,5241,970,365
Capital and reserves
Called up share capital11
Profit and loss account2,840,5231,970,364
Shareholders' funds2,840,5241,970,365
The financial statements were approved and authorised for issue by the Director on 9 June 2025, and are signed on its behalf by:
SETO, Christopher Wai
Director
Registered Company No. SC438333
HARVEST GOLD LIMITED
Notes to the Financial Statements
for the period ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings6.67
Vehicles5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year2020
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
At 01 October 2361,27955,679116,958
Additions-165,849165,849
At 31 July 2461,279221,528282,807
Depreciation and impairment
At 01 October 2317,81125,34843,159
Charge for year10,21310,33520,548
At 31 July 2428,02435,68363,707
Net book value
At 31 July 2433,255185,845219,100
At 30 September 2343,46830,33173,799
4.Stocks

2024

2023

££
Other stocks396,542595,000
Total396,542595,000
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables154,503203,119
Other debtors3,425,7972,562,599
Prepayments and accrued income24,17622,092
Total3,604,4762,787,810
Other debtors includes a loan to the director and loans to related companies, all amounts are repayable on demand and interest is charged on the loan to director.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,548,4952,181,078
Taxation and social security308,660147,263
Accrued liabilities and deferred income11,81614,097
Total1,868,9712,342,438
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)12,95616,450
Total12,95616,450
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
SETO, Christopher Wai282,3996,3540288,753
282,3996,3540288,753
9.Related party transactions
The loan balance due from the director at the period end amounted to £288,753 (2023: £282,399)