1 February 2023 false No description of principal activity Taxfiler 2024.5 13151632business:PrivateLimitedCompanyLtd2023-02-012024-01-31 131516322023-01-31 131516322023-02-012024-01-31 13151632business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 13151632business:FilletedAccounts2023-02-012024-01-31 131516322024-01-31 13151632business:Director12023-02-012024-01-31 13151632business:RegisteredOffice2023-02-012024-01-31 131516322023-01-31 13151632core:WithinOneYear2024-01-31 13151632core:WithinOneYear2023-01-31 13151632core:AfterOneYear2024-01-31 13151632core:AfterOneYear2023-01-31 13151632core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13151632core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13151632core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13151632core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13151632core:PreviouslyStatedAmount2024-01-31 13151632core:PreviouslyStatedAmount2023-01-31 13151632business:SmallEntities2023-02-012024-01-31 13151632countries:EnglandWales2023-02-012024-01-31 13151632core:PlantMachinery2023-02-012024-01-31 13151632core:Goodwill2023-01-31 13151632core:Goodwill2024-01-31 13151632core:PlantMachinery2023-01-31 13151632core:PlantMachinery2024-01-31 13151632business:OrdinaryShareClass12023-02-012024-01-31 13151632business:OrdinaryShareClass12022-02-012023-01-31 131516322022-02-012023-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 13151632 (England and Wales)
GI FOODS LTD Unaudited accounts for the year ended 31 January 2024
GI FOODS LTD Unaudited accounts Contents
Page
- 2 -
GI FOODS LTD Company Information for the year ended 31 January 2024
Director
Desislava Mircheva Chaneva
Company Number
13151632 (England and Wales)
Registered Office
UNIT 3 CECIL HOUSE 41 HIGHTOWN CREWE CW1 3BZ ENGLAND
Accountants
DoKument Ltd Corbet Arms High Street Market Drayton Shropshire TF9 1PY
- 3 -
GI FOODS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
25,000 
25,000 
Tangible assets
20,156 
23,713 
45,156 
48,713 
Current assets
Inventories
28,850 
17,867 
Cash at bank and in hand
1,073 
2,046 
29,923 
19,913 
Creditors: amounts falling due within one year
(61,993)
(39,110)
Net current liabilities
(32,070)
(19,197)
Total assets less current liabilities
13,086 
29,516 
Creditors: amounts falling due after more than one year
(6,000)
(17,000)
Net assets
7,086 
12,516 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
7,084 
12,514 
Shareholders' funds
7,086 
12,516 
For the year ending 31 January 2024 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 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 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 6 September 2024 and were signed on its behalf by
Desislava Mircheva Chaneva Director Company Registration No. 13151632
- 4 -
GI FOODS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
GI FOODS LTD is a private company, limited by shares, registered in England and Wales, registration number 13151632. The registered office is UNIT 3 CECIL HOUSE, 41 HIGHTOWN, CREWE, CW1 3BZ, 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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% Reducing balance
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 February 2023
25,000 
At 31 January 2024
25,000 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
25,000 
At 31 January 2023
25,000 
- 5 -
GI FOODS LTD Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
31,704 
At 31 January 2024
31,704 
Depreciation
At 1 February 2023
7,991 
Charge for the year
3,557 
At 31 January 2024
11,548 
Net book value
At 31 January 2024
20,156 
At 31 January 2023
23,713 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(1,196)
(4,297)
Taxes and social security
1,114 
1,846 
Other creditors
10,471 
216 
Loans from directors
46,272 
36,653 
Accruals
5,332 
4,692 
61,993 
39,110 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
6,000 
17,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
- 6 -