GUZZLE & MUNCH LIMITED 03189459 false 2022-10-31 2023-10-30 2023-10-30 The principal activity of the company is Agents involved in the wholesale of food. Digita Accounts Production Advanced 6.30.9574.0 true true 03189459 2022-10-31 2023-10-30 03189459 2023-10-30 03189459 bus:OrdinaryShareClass1 2023-10-30 03189459 core:CurrentFinancialInstruments 2023-10-30 03189459 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-30 03189459 core:FurnitureFittingsToolsEquipment 2023-10-30 03189459 bus:SmallEntities 2022-10-31 2023-10-30 03189459 bus:AuditExemptWithAccountantsReport 2022-10-31 2023-10-30 03189459 bus:FilletedAccounts 2022-10-31 2023-10-30 03189459 bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-30 03189459 bus:RegisteredOffice 2022-10-31 2023-10-30 03189459 bus:CompanySecretaryDirector1 2022-10-31 2023-10-30 03189459 bus:OrdinaryShareClass1 2022-10-31 2023-10-30 03189459 bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-30 03189459 core:FurnitureFittingsToolsEquipment 2022-10-31 2023-10-30 03189459 countries:AllCountries 2022-10-31 2023-10-30 03189459 2022-10-30 03189459 core:FurnitureFittingsToolsEquipment 2022-10-30 03189459 2021-10-31 2022-10-30 03189459 2022-10-30 03189459 bus:OrdinaryShareClass1 2022-10-30 03189459 core:CurrentFinancialInstruments 2022-10-30 03189459 core:CurrentFinancialInstruments core:WithinOneYear 2022-10-30 03189459 core:FurnitureFittingsToolsEquipment 2022-10-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03189459

GUZZLE & MUNCH LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 30 October 2023

 

GUZZLE & MUNCH LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

GUZZLE & MUNCH LIMITED

Company Information

Director

Mr Paul Graham Talbut

Company secretary

Mr Paul Graham Talbut

Registered office

64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

Accountants

Jacques and Associates Ltd ICPA

64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

 

GUZZLE & MUNCH LIMITED

(Registration number: 03189459)
Balance Sheet as at 30 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

14

18

Current assets

 

Stocks

5

1,980

2,417

Debtors

6

4,214

19,116

Cash at bank and in hand

 

68

459

 

6,262

21,992

Creditors: Amounts falling due within one year

7

(42,919)

(56,941)

Net current liabilities

 

(36,657)

(34,949)

Net liabilities

 

(36,643)

(34,931)

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

(36,743)

(35,031)

Shareholders' deficit

 

(36,643)

(34,931)

For the financial year ending 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024
 

.........................................
Mr Paul Graham Talbut
Company secretary and director

 

GUZZLE & MUNCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
64 CHELMSFORD ROAD
HOLLAND ON SEA
ESSEX
CO15 5DJ

The principal place of business is:
16 SNOWDROP ROAD
RICKLING GREEN
SAFFRON WALDEN
ESSEX
CB11 3NP

These financial statements were authorised for issue by the director on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

GUZZLE & MUNCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

GUZZLE & MUNCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

GUZZLE & MUNCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 October 2022

5,483

5,483

At 30 October 2023

5,483

5,483

Depreciation

At 31 October 2022

5,465

5,465

Charge for the year

4

4

At 30 October 2023

5,469

5,469

Carrying amount

At 30 October 2023

14

14

At 30 October 2022

18

18

5

Stocks

2023
£

2022
£

Other inventories

1,980

2,417

6

Debtors

Current

2023
£

2022
£

Trade debtors

4,214

16,186

Other debtors

-

2,930

 

4,214

19,116

7

Creditors

Creditors: amounts falling due within one year

 

GUZZLE & MUNCH LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 30 October 2023

2023
£

2022
£

Due within one year

Trade creditors

3,350

14,600

Taxation and social security

3,810

757

Accruals and deferred income

300

300

Other creditors

35,459

41,284

42,919

56,941

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100