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Company Registration No. 3173953 (England and Wales)
The Good Food Network Limited Unaudited accounts for the year ended 31 March 2023
The Good Food Network Limited Unaudited accounts Contents
Page
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The Good Food Network Limited Company Information for the year ended 31 March 2023
Directors
Paul L Gimblett Elisabeth L. F. Gimblett Christian A.E. Gimblett
Secretary
E.L.F. Gimblett
Company Number
3173953 (England and Wales)
Registered Office
15 Edgeborough Way Bromley Kent BR1 2UA England
Accountants
Landergan & Co Ltd 26 Burney Street London SE10 8EX
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The Good Food Network Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,927 
8,005 
Current assets
Inventories
14,800 
18,000 
Debtors
14,421 
17,722 
Cash at bank and in hand
1,931 
2,545 
31,152 
38,267 
Creditors: amounts falling due within one year
(33,941)
(41,283)
Net current liabilities
(2,789)
(3,016)
Total assets less current liabilities
3,138 
4,989 
Provisions for liabilities
Deferred tax
(1,126)
(1,521)
Net assets
2,012 
3,468 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
1,712 
3,168 
Shareholders' funds
2,012 
3,468 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by
Paul L Gimblett Director Company Registration No. 3173953
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The Good Food Network Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
The Good Food Network Limited is a private company, limited by shares, registered in England and Wales, registration number 3173953. The registered office is 15 Edgeborough Way, Bromley, Kent, BR1 2UA, England.
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 remained unchanged from the previous year, and also 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes. Turnover from the sale of goods is recognized when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
33.3% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Good Food Network Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
3,298 
14,600 
12,509 
14,729 
45,136 
At 31 March 2023
3,298 
14,600 
12,509 
14,729 
45,136 
Depreciation
At 1 April 2022
3,294 
11,136 
11,580 
11,121 
37,131 
Charge for the year
1 
866 
309 
902 
2,078 
At 31 March 2023
3,295 
12,002 
11,889 
12,023 
39,209 
Net book value
At 31 March 2023
3 
2,598 
620 
2,706 
5,927 
At 31 March 2022
4 
3,464 
929 
3,608 
8,005 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,110 
4,628 
Accrued income and prepayments
1,236 
1,532 
Other debtors
8,075 
11,562 
14,421 
17,722 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
154 
2,947 
Loans from directors
124 
706 
Accruals
33,663 
37,630 
33,941 
41,283 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300 
300 
8
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
7,200 
7,200 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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