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REGISTERED NUMBER: 12290619 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2023 TO 31 AUGUST 2024


FOR



GB CHOCOLATE MAKERS LIMITED


GB CHOCOLATE MAKERS LIMITED (REGISTERED NUMBER: 12290619)


ABRIDGED BALANCE SHEET

31 August 2024



2024

2023



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

369,485


-




CURRENT ASSETS

Stocks

165,194


-



Debtors

180,130


-



Cash at bank and in hand

275,742


100



621,066


100



CREDITORS

Amounts falling due within one year

807,165


-



NET CURRENT (LIABILITIES)/ASSETS

(186,099

)

100



TOTAL ASSETS LESS CURRENT

LIABILITIES

183,386


100




CREDITORS

Amounts falling due after more than one

year

(162,538

)

-




PROVISIONS FOR LIABILITIES

(2,612

)

-



NET ASSETS

18,236


100




CAPITAL AND RESERVES

Called up share capital

100


100



Retained earnings

18,136


-



18,236


100




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.  


The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.  


The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GB CHOCOLATE MAKERS LIMITED (REGISTERED NUMBER: 12290619)


ABRIDGED BALANCE SHEET - continued

31 August 2024



The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.  


All the members have consented to the preparation of an abridged Balance sheet for the period ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.  


In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:






R J Godfrey - Director



GB CHOCOLATE MAKERS LIMITED (REGISTERED NUMBER: 12290619)


NOTES TO THE FINANCIAL STATEMENTS

for the Period 1 December 2023 to 31 August 2024


1.

STATUTORY INFORMATION



GB Chocolate Makers Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12290619 and the registered office is Unit 1 Common Lane North, George Westwood Way, Beccles, NR34 9BN.



The presentation currency of the financial statements is sterling (£).


2.

ACCOUNTING POLICIES



Basis of preparing the financial statements


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.    



Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 10% on cost
Motor vehicles - 25% on reducing balance
Property improvements - 10% on cost


Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


GB CHOCOLATE MAKERS LIMITED (REGISTERED NUMBER: 12290619)


NOTES TO THE FINANCIAL STATEMENTS - continued

for the Period 1 December 2023 to 31 August 2024


2.

ACCOUNTING POLICIES - continued


Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.


Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the period was 78 (2023 - NIL ) .


4.

TANGIBLE FIXED ASSETS


Totals

£   



COST


Additions

434,369




Disposals

(38,990

)



At 31 August 2024

395,379




DEPRECIATION


Charge for period

29,690




Eliminated on disposal

(3,796

)



At 31 August 2024

25,894




NET BOOK VALUE


At 31 August 2024

369,485




5.

RELATED PARTY DISCLOSURES



During the period, the company had a related party transaction with a director. At the balance sheet date, the company owed the director £233,854, which is included within creditors. The loan is interest-free, unsecured, and repayable on demand.