REGISTERED NUMBER: 10645979 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

G & H PRODUCE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A Hill

C E Goldthorpe

REGISTERED OFFICE:

Sandhill Farm

Fosterhouses

Doncaster

DN7 5LE

REGISTERED NUMBER:

10645979 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

FIXED ASSETS

Tangible assets

4

1,093,197

711,393

CURRENT ASSETS

Stocks

465,830

305,014

Debtors

5

328,331

191,029

Cash at bank and in hand

137,024

448,099

931,185

944,142

CREDITORS

Amounts falling due within one year

6

957,865

853,844

NET CURRENT (LIABILITIES)/ASSETS

(26,680

)

90,298

TOTAL ASSETS LESS CURRENT LIABILITIES

1,066,517

801,691

CREDITORS

Amounts falling due after more than one year

7

(226,056

)

(170,732

)

PROVISIONS FOR LIABILITIES

(216,574

)

(177,848

)

NET ASSETS

623,887

453,111

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

622,887

452,111

SHAREHOLDERS' FUNDS

623,887

453,111

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15th December 2025 and were signed on its behalf by:

T A Hill - Director

1.	STATUTORY INFORMATION

G & H Produce 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

1,163,676

Additions

605,322

Disposals

(32,917

)

At 31st March 2025

1,736,081

DEPRECIATION

At 1st April 2024

452,283

Charge for year

212,786

Eliminated on disposal

(22,185

)

At 31st March 2025

642,884

NET BOOK VALUE

At 31st March 2025

1,093,197

At 31st March 2024

711,393

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

645,737

Additions

274,250

Transfer to ownership

(288,119

)

At 31st March 2025

631,868

DEPRECIATION

At 1st April 2024

120,501

Charge for year

117,037

Transfer to ownership

(59,032

)

At 31st March 2025

178,506

NET BOOK VALUE

At 31st March 2025

453,362

At 31st March 2024

525,236

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

232,538

116,597

Other debtors

95,793

74,432

328,331

191,029

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

13,638

23,251

Hire purchase contracts

130,231

163,296

Trade creditors

412,297

377,979

Taxation and social security

-

46,535

Other creditors

401,699

242,783

957,865

853,844

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

13,961

Hire purchase contracts

226,056

156,771

226,056

170,732