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Registered number: 11284783
Golden Recipes Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11284783
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 48,001 60,001
Tangible Assets 5 16,810 24,833
64,811 84,834
CURRENT ASSETS
Debtors 6 17,285 9,484
Cash at bank and in hand 49,702 66,576
66,987 76,060
Creditors: Amounts Falling Due Within One Year 7 (78,707 ) (83,203 )
NET CURRENT ASSETS (LIABILITIES) (11,720 ) (7,143 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,091 77,691
Creditors: Amounts Falling Due After More Than One Year 8 (38,746 ) (49,773 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,194 ) (4,718 )
NET ASSETS 11,151 23,200
CAPITAL AND RESERVES
Called up share capital 9 102 100
Profit and Loss Account 11,049 23,100
SHAREHOLDERS' FUNDS 11,151 23,200
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Katarzyna Lazny
Director
19/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Golden Recipes Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11284783 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 Years
Computer Equipment 3 Years
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 12)
14 12
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 120,001
As at 31 March 2024 120,001
Amortisation
As at 1 April 2023 60,000
Provided during the period 12,000
As at 31 March 2024 72,000
Net Book Value
As at 31 March 2024 48,001
As at 1 April 2023 60,001
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Page 4
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 80,421 1 1,381 81,803
As at 31 March 2024 80,421 1 1,381 81,803
Depreciation
As at 1 April 2023 56,497 - 473 56,970
Provided during the period 7,766 - 257 8,023
As at 31 March 2024 64,263 - 730 64,993
Net Book Value
As at 31 March 2024 16,158 1 651 16,810
As at 1 April 2023 23,924 1 908 24,833
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,051 6,252
Prepayments and accrued income 5,234 3,232
17,285 9,484
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,154 21,361
Bank loans and overdrafts 10,275 27,947
Corporation tax 11,280 7,907
Other taxes and social security 1,289 4,630
VAT 2,189 75
Other creditors 1,801 19,526
Accruals and deferred income 2,584 1,757
Director's loan account 25,135 -
78,707 83,203
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 38,746 49,773
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 100
Page 4