1 December 2022 v2024.37.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP093407372022-12-012023-11-30093407372023-11-30093407372022-11-3009340737core:WithinOneYear2023-11-3009340737core:WithinOneYear2022-11-3009340737core:ShareCapital2023-11-3009340737core:ShareCapital2022-11-3009340737core:RetainedEarningsAccumulatedLosses2023-11-3009340737core:RetainedEarningsAccumulatedLosses2022-11-3009340737bus:Director12022-12-012023-11-3009340737bus:RegisteredOffice2022-12-012023-11-3009340737core:PlantMachinery2022-12-012023-11-3009340737core:FurnitureFittings2022-12-012023-11-30093407372021-12-012022-11-3009340737core:PlantMachinery2022-12-0109340737core:PlantMachinery2023-11-3009340737core:PlantMachinery2022-11-300934073712022-12-012023-11-3009340737countries:EnglandWales2022-12-012023-11-3009340737bus:AuditExemptWithAccountantsReport2022-12-012023-11-3009340737bus:PrivateLimitedCompanyLtd2022-12-012023-11-3009340737bus:SmallEntities2022-12-012023-11-3009340737bus:FullAccounts2022-12-012023-11-30
Company registration number:
09340737
The Good Food Place Limited
Unaudited Filleted Financial Statements for the year ended
30 November 2023
The Good Food Place Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of The Good Food Place Limited
Year ended
30 November 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
The Good Food Place Limited
for the year ended
30 November 2023
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
The Good Food Place Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
The Good Food Place Limited
and state those matters that we have agreed to state to the Board of Directors of
The Good Food Place Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
The Good Food Place Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
The Good Food Place Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
The Good Food Place Limited
. You consider that
The Good Food Place Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of The Good Food Place Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A&C Chartered Accountants
Marsland Chambers
1a Marsland Road
Sale Moor
Cheshire
M33 3HP
United Kingdom
Date:
14 August 2024
The Good Food Place Limited
Statement of Financial Position
30 November 2023
20232022
Note££
Fixed assets    
Tangible assets 5
74,528
 
15,636
 
Current assets    
Stocks
2,847
 
2,987
 
Debtors 6
15,272
 
6,187
 
Cash at bank and in hand
185,074
 
224,646
 
203,193
 
233,820
 
Creditors: amounts falling due within one year 7
(83,028
)
(97,535
)
Net current assets
120,165
 
136,285
 
Total assets less current liabilities 194,693   151,921  
Provisions for liabilities
(14,160
)
(2,760
)
Net assets
180,533
 
149,161
 
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
180,532
 
149,160
 
Shareholders funds
180,533
 
149,161
 
For the year ending
30 November 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 financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 August 2024
, and are signed on behalf of the board by:
N Reid-Lyle
Director
Company registration number:
09340737
The Good Food Place Limited
Notes to the Financial Statements
Year ended
30 November 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Marsland Chambers
,
1a Marsland Road
,
Sale
,
M33 3HP
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Fixtures and fittings
25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
16
(2022:
18.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2022
53,435
 
Additions
80,566
 
Disposals
(21,023
)
At
30 November 2023
112,978
 
Depreciation  
At
1 December 2022
37,799
 
Charge
18,534
 
Disposals
(17,883
)
At
30 November 2023
38,450
 
Carrying amount  
At
30 November 2023
74,528
 
At 30 November 2022
15,636
 

6 Debtors

20232022
££
Trade debtors
3,744
 
3,262
 
Other debtors
11,528
 
2,925
 
15,272
 
6,187
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
7,546
 
4,904
 
Taxation and social security
44,626
 
60,994
 
Other creditors
30,856
 
31,637
 
83,028
 
97,535
 

8 Director's advances, credit and guarantees

The following advances and credits to director N Lyle subsisted during the year ended 30 November 2021 and 30 November 2022.
Year ended 30 November 2022
Balance at 01/12/2021: £167 owed to the director.
£29,591 was loaned to the company in the year.
Balance at 30/11/2022: £29,758 owed to the director.
Year ended 30 November 2023
Balance at 01/12/2022: £29,758 owed to the director.
£2,546 was repaid to the director in the year.
Balance at 30/11/2023: £27,212 owed to the director.
The above loan is unsecured, interest free and repayable on demand.

9 Controlling party

During the year ended 30 November 2023, N Lyle controlled the company by virtue of a controlling interest of 100% of the issued ordinary share capital.