| Registered Number:02867849 |
For the year ended 30 November 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2018
Golden Harvest Foods Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Golden Harvest Foods Ltd
Statement of Financial Position
2017
2018
10,000
10,000
2
| Property, plant and equipment |
260,666
266,676
3
270,666
276,676
25,046
21,467
4
| Trade and other receivables |
398,800
470,865
5
504,551
| Cash and cash equivalents |
589,163
1,081,495
928,397
| Trade and other payables: amounts falling due within one |
| year |
(296,000)
(305,261)
6
632,397
776,234
Net current assets
| Total assets less current liabilities |
1,046,900
909,073
1,046,900
Net assets
909,073
2
2
1,046,898
909,071
1,046,900
909,073
Shareholders' funds
| For the year ended 30 November 2018 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 2018 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 30 April 2019 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 November 2018
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. |
Suite 1 & 2, Business Centre
Hagley Golf & Country Club
Wassell Grove Lane
Hagley
DY9 9JW
| 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.
| 2. Intangible fixed assets |
Goodwill
10,000
10,000
10,000
10,000
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For the year ended 30 November 2018
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
Motor vehicles
329,115
450
24,853
303,812
303,812
24,853
450
329,115
| Provision for depreciation and impairment |
62,439
303
15,043
47,093
Charge for year
6,010
29
981
5,000
68,449
332
16,024
52,093
251,719
8,829
118
260,666
256,719
9,810
147
266,676
2017
2018
21,467
25,046
| 5. Trade and other receivables |
2017
2018
457,937
385,872
12,928
12,928
398,800
470,865
| 6. Trade and other payables: amounts falling due within one year |
2017
2018
103,368
109,055
| Taxation and social security |
73,435
58,487
128,458
128,458
305,261
296,000
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