Registrar

Registration number: 07350552

Black Garlic (UK) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Black Garlic (UK) Limited

Company Information

Directors

K L Heath

Registered office

85 Great Portland Street First Floor London W1W 7LT

Bankers

Barclays Bank plc 27 Regent Street Haymarket London SW1Y 4NQ

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Black Garlic (UK) Limited

(Registration number: 07350552)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	-	1,196
Tangible assets	5	257,492	252,922
		257,492	254,118
Current assets
Stocks	6	60,800	29,041
Debtors	7	207,952	129,450
Cash at bank and in hand		3,110	2,151
		271,862	160,642
Creditors: Amounts falling due within one year	8	(258,538)	(202,833)
Net current assets/(liabilities)		13,324	(42,191)
Total assets less current liabilities		270,816	211,927
Creditors: Amounts falling due after more than one year	8	(24,913)	(20,000)
Provisions for liabilities		(50,407)	(46,094)
Net assets		195,496	145,833
Capital and reserves
Called up share capital	9	100,100	100,100
Retained earnings		95,396	45,733
Shareholders' funds		195,496	145,833

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

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Black Garlic (UK) Limited

(Registration number: 07350552)
Balance Sheet as at 31 December 2024

These financial statements have been prepared and 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 director on 30 September 2025
 

K L Heath
Director

Black Garlic (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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: 85 Great Portland Street, First Floor, London, W1W 7LT.

These financial statements were authorised for issue by the director on 30 September 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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of garlic products in the ordinary course of the company’s activities. Turnover is shown net of 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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Current Tax is recognised in the profit and loss account, 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.

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.

Black Garlic (UK) Limited

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

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and impairment.

Depreciation

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

Asset class	Depreciation method and rate
Fixtures and fittings	33% Straight line method
Plant and machinery	25% Reducing balance method and 4%, 6.67% & 20% Straight line method
Office equipment	33% Straight line method

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangibles	20% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

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

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.

Black Garlic (UK) Limited

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

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.

Share capital

Ordinary shares are classified as equity.

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 the director) during the year, was 5 (2023 - 5).

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 January 2024	16,164	16,164
At 31 December 2024	16,164	16,164
Amortisation
At 1 January 2024	14,968	14,968
Amortisation charge	1,196	1,196
At 31 December 2024	16,164	16,164
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	1,196	1,196

Black Garlic (UK) Limited

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

5	Tangible assets

	Office equipment  £	Fixtures and fittings  £	Plant and Machinery £	Total £
Cost or valuation
At 1 January 2024	4,933	768	438,867	444,568
Additions	-	-	44,229	44,229
Disposals	(1,690)	-	(128,537)	(130,227)
At 31 December 2024	3,243	768	354,559	358,570
Depreciation
At 1 January 2024	3,072	448	188,126	191,646
Charge for the year	957	157	16,495	17,609
Eliminated on disposal	(1,690)	-	(106,487)	(108,177)
At 31 December 2024	2,339	605	98,134	101,078
Carrying amount
At 31 December 2024	904	163	256,425	257,492
At 31 December 2023	1,861	320	250,741	252,922

6

Stocks

	2024 £	2023 £
Other inventories	60,800	29,041

7

Debtors

	2024 £	2023 £
Trade debtors	93,342	96,308
Directors loan	81,272	-
Prepayments	11,306	10,872
Other debtors	22,032	22,270
	207,952	129,450

The amount of Trade Debtors under invoice factoring arrangements as at 31 December 2024 totalled £93,342 (2023: £96,308).

Black Garlic (UK) Limited

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

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	10	14,348	11,334
Trade creditors		102,461	70,548
Taxation and social security		10,477	4,758
Accruals and deferred income		43,460	2,300
Other creditors		78,125	81,740
Directors loan		-	20,198
Corporation tax		9,667	11,955
		258,538	202,833