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Company Registration No. 14087366 (England and Wales)
G & C FOODS LTD Unaudited accounts for the year ended 31 May 2023
G & C FOODS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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G & C FOODS LTD Company Information for the year ended 31 May 2023
Director
Mr Jian Zhong Guo
Company Number
14087366 (England and Wales)
Registered Office
FORTUNE PALACE ,YEOVIL ROAD OVER COMPTON SHERBORNE DORSET DT9 4RB UNITED KINGDOM
Accountants
Kimee & Associates Office T, First Floor, Raydean House, 15-17 Western Parade, Great North Road Barnet, London EN5 1AH
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G & C FOODS LTD Statement of financial position as at 31 May 2023
2023
Notes
£
Fixed assets
Intangible assets
4
38,000
Tangible assets
5
14,237
52,237
Current assets
Inventories
1,000
Cash at bank and in hand
3,917
4,917
Creditors: amounts falling due within one year
6
(1,556)
Net current assets
3,361
Total assets less current liabilities
55,598
Creditors: amounts falling due after more than one year
7
(39,371)
Net assets
16,227
Capital and reserves
Called up share capital
100
Profit and loss account
16,127
Shareholders' funds
16,227
For the year ending 31 May 2023 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 September 2023 and were signed on its behalf by
Mr Jian Zhong Guo Director Company Registration No. 14087366
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G & C FOODS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
G & C FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 14087366. The registered office is FORTUNE PALACE ,YEOVIL ROAD, OVER COMPTON, SHERBORNE, DORSET, DT9 4RB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15%
Fixtures & fittings
15%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2022
-
Additions
40,000
At 31 May 2023
40,000
Amortisation
At 1 June 2022
-
Charge for the year
2,000
At 31 May 2023
2,000
Net book value
At 31 May 2023
38,000
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G & C FOODS LTD Notes to the Accounts for the year ended 31 May 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2022
-
-
-
Additions
6,636
10,113
16,749
At 31 May 2023
6,636
10,113
16,749
Depreciation
Charge for the year
995
1,517
2,512
At 31 May 2023
995
1,517
2,512
Net book value
At 31 May 2023
5,641
8,596
14,237
6
Creditors: amounts falling due within one year
2023
£
Accruals
1,556
7
Creditors: amounts falling due after more than one year
2023
£
Loans from directors
39,371
8
Average number of employees
During the year the average number of employees was 0.
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