HGJ FOODS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
669,449
423,588
Cash at bank and in hand
75,550
99,249
Creditors: amounts falling due within one year
(348,089)
(184,336)
Net current liabilities
(72,960)
(33,145)
Total assets less current liabilities
596,489
390,443
Creditors: amounts falling due after more than one year
(271,308)
(289,429)
Net assets
325,181
101,014
Called up share capital
1
1
Profit and loss account
325,180
101,013
Shareholders' funds
325,181
101,014
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Sikandar Ali Jatoi
Director
Company Registration No. 12612098
HGJ FOODS LTD
Notes to the Accounts
for the year ended 31 December 2024
HGJ FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 12612098. The registered office is 1201-1203, High Road, Romford, Essex, RM6 4AL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover represents the fair value of amounts received or receivable for food and beverages sold in the ordinary course of business, excluding value added tax and discounts. Revenue is recognised at the point of sale when food and drinks are provided to customers, whether consumed on the premises, collected for takeaway, or delivered to the customer.
Inventories are valued at the lower of cost and net realisable value. Cost comprises purchase price and other directly attributable costs incurred in bringing the inventories to their present location and condition. Net realisable value represents the estimated selling price less all estimated costs of completion and costs to sell.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance basis
Plant & machinery
10% reducing balance basis
HGJ FOODS LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
125,739
297,849
423,588
Additions
-
288,218
288,218
At 31 December 2024
125,739
586,067
711,806
Charge for the year
12,573
29,784
42,357
At 31 December 2024
12,573
29,784
42,357
At 31 December 2024
113,166
556,283
669,449
At 31 December 2023
125,739
297,849
423,588
Amounts falling due within one year
Other debtors
172,848
30,685
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
155,576
75,296
Taxes and social security
30,214
19,587
Other creditors
96,697
9,535
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
178,406
185,663
8
Average number of employees
During the year the average number of employees was 33 (2023: 36).