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REGISTERED NUMBER: 11483806 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

GA GOURMET LIMITED

GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GA GOURMET LIMITED

COMPANY INFORMATION
For The Year Ended 31st December 2021







DIRECTOR: A D Goodson





REGISTERED OFFICE: 14 Hundred Acres
Wickham
Fareham
PO17 6JB





REGISTERED NUMBER: 11483806 (England and Wales)





ACCOUNTANTS: Bromley Clackett Limited
76 Aldwick Road
Bognor Regis
West Sussex
PO21 2PE

GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)

BALANCE SHEET
31st December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 700 800
Tangible assets 5 1,573,034 1,633,346
1,573,734 1,634,146

CURRENT ASSETS
Debtors 6 - 7,012
Cash at bank 2,136 13,268
2,136 20,280
CREDITORS
Amounts falling due within one year 7 2,853,960 2,808,158
NET CURRENT LIABILITIES (2,851,824 ) (2,787,878 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,278,090

)

(1,153,732

)

CREDITORS
Amounts falling due after more than one year 8 - 50,000
NET LIABILITIES (1,278,090 ) (1,203,732 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,278,092 ) (1,203,734 )
(1,278,090 ) (1,203,732 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)

BALANCE SHEET - continued
31st December 2021


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 director and authorised for issue on 5th September 2022 and were signed by:





A D Goodson - Director


GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31st December 2021

1. STATUTORY INFORMATION

GA Gourmet Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 25% on reducing balance

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.

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.

GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 19 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2021
and 31st December 2021 1,000
AMORTISATION
At 1st January 2021 200
Charge for year 100
At 31st December 2021 300
NET BOOK VALUE
At 31st December 2021 700
At 31st December 2020 800

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2021
and 31st December 2021 1,464,729 325,793 1,790,522
DEPRECIATION
At 1st January 2021 14,647 142,529 157,176
Charge for year 14,501 45,811 60,312
At 31st December 2021 29,148 188,340 217,488
NET BOOK VALUE
At 31st December 2021 1,435,581 137,453 1,573,034
At 31st December 2020 1,450,082 183,264 1,633,346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors - 7,012

GA GOURMET LIMITED (REGISTERED NUMBER: 11483806)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31st December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors - 329
Taxation and social security 24,157 121,063
Other creditors 2,829,803 2,686,766
2,853,960 2,808,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Bank loans - 50,000

9. RELATED PARTY DISCLOSURES

During the period the director, Mr A D Goodson, has provided interest free loans to the company without repayment terms. At 31st December 2021 he was owed £2,829,803 (2020 £2,682,516) by the company.