| Registered Number:02867849 |
For the year ended 30 November 2017
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2017
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
2016
2017
10,000
10,000
2
| Property, plant and equipment |
266,676
271,444
3
276,676
281,444
20,989
25,046
4
| Trade and other receivables |
361,256
398,800
5
463,366
| Cash and cash equivalents |
504,551
928,397
845,611
| Trade and other payables: amounts falling due within one |
| year |
(334,860)
(296,000)
6
510,751
632,397
Net current assets
| Total assets less current liabilities |
909,073
792,195
909,073
Net assets
792,195
2
2
909,071
792,193
909,073
792,195
Shareholders' funds
| For the year ended 30 November 2017 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 2017 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 of Part 15 of the Companies Act 2006 relating to small companies. |
| These financial statements were approved and authorised for issue by the Board on 30 May 2018 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 30 November 2017
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 2017
Golden Harvest Foods Ltd
Notes to the Financial Statements Continued
| 3. Property, plant and equipment |
Motor vehicles
327,765
450
24,853
302,462
1,350
-
-
1,350
303,812
24,853
450
329,115
| Provision for depreciation and impairment |
56,321
303
13,954
42,064
Charge for year
6,118
-
1,089
5,029
62,439
303
15,043
47,093
256,719
9,810
147
266,676
260,398
10,899
147
271,444
2016
2017
25,046
20,989
| 5. Trade and other receivables |
2016
2017
385,872
348,328
12,928
12,928
361,256
398,800
| 6. Trade and other payables: amounts falling due within one year |
2016
2017
109,055
106,169
| Taxation and social security |
58,487
108,483
128,458
120,208
296,000
334,860
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