H_F_PRODUCE_LIMITED - Accounts

H F PRODUCE LIMITED - Company Information

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Company Registration No. 09153292 (England and Wales)

H F PRODUCE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

H F PRODUCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

H F PRODUCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

90,000

180,000

Tangible assets

858,460

902,081

948,460

1,082,081

Current assets

Stocks

133,532

58,704

Debtors

865,246

544,098

Cash at bank and in hand

33,073

508

1,031,851

603,310

Creditors: amounts falling due within one year

(814,888)

(482,699)

Net current assets

216,963

120,611

Total assets less current liabilities

1,165,423

1,202,692

Creditors: amounts falling due after more than one year

(510,441)

(485,241)

Provisions for liabilities

(27,800)

(16,100)

Accruals and deferred income

(566,341)

(617,409)

60,841

83,942

Capital and reserves

Called up share capital

100

Profit and loss account

60,741

83,847

Shareholders' funds

60,841

83,942

H F PRODUCE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2016

- 2 -

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2017

Mr JP Oatey

Director

Company Registration No. 09153292

H F PRODUCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents revenue recognised in the financial statements. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold property

10% reducing balance

Plant and machinery

10% - 25% reducing balance & 20% straight line

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

20% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

H F PRODUCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2015

270,000

1,010,544

1,280,544

Additions

94,082

At 30 September 2016

270,000

1,104,626

1,374,626

Depreciation

At 1 October 2015

90,000

108,463

198,463

Charge for the period

90,000

137,703

227,703

At 30 September 2016

180,000

246,166

426,166

Net book value

At 30 September 2016

90,000

858,460

948,460

At 30 September 2015

180,000

902,081

1,082,081

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £60,821 (2015 - £83,096).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £493,881 (2015 - £485,241).