| Registered Number:02867849 |
For the year ended 30 November 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2024
Golden Harvest Foods Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Golden Harvest Foods Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
302,656
301,537
3
302,656
301,537
6,984
8,046
4
| Trade and other receivables |
145,571
79,830
5
1,002,629
| Cash and cash equivalents |
1,093,566
1,181,442
1,155,184
| Trade and other payables: amounts falling due within one |
| year |
(280,935)
(278,389)
6
874,249
903,053
Net current assets
| Total assets less current liabilities |
1,205,709
1,175,786
1,205,709
Net assets
1,175,786
2
2
1,205,707
1,175,784
1,205,709
1,175,786
Shareholders' funds
| For the year ended 30 November 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 10 October 2024 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 November 2024
Golden Harvest Foods Ltd
Notes to the Financial Statements
Statutory Information
| Golden Harvest Foods Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 02867849. |
Unit 2, St James Court
Bridgnorth Road
Wollaston
Stourbridge
DY8 3QG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 30 November 2024
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
10,000
10,000
10,000
10,000
-
-
| 3. Property, plant and equipment |
Motor vehicles
418,720
450
24,853
393,417
34,748
-
11,500
23,248
416,665
36,353
450
453,468
| Provision for depreciation and impairment |
117,183
450
19,640
97,093
Charge for year
33,629
-
1,671
31,958
150,812
450
21,311
129,051
287,614
15,042
-
302,656
296,324
5,213
-
301,537
2023
2024
8,046
6,984
| 5. Trade and other receivables |
2023
2024
79,830
145,571
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For the year ended 30 November 2024
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
130,797
141,150
| Taxation and social security |
105,172
97,365
42,420
42,420
278,389
280,935
| 7. Average number of persons employed |
During the year the average number of employees was 12 (2023 : 12)
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