4 2 Off Grid Gourmet Limited 10179569 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the operation of a shop selling meats and oven ready meals. Digita Accounts Production Advanced 6.30.9574.0 true true 10179569 2023-06-01 2024-05-31 10179569 2024-05-31 10179569 core:CurrentFinancialInstruments 2024-05-31 10179569 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10179569 core:Non-currentFinancialInstruments 2024-05-31 10179569 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 10179569 core:FurnitureFittings 2024-05-31 10179569 core:OfficeEquipment 2024-05-31 10179569 bus:SmallEntities 2023-06-01 2024-05-31 10179569 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10179569 bus:FilletedAccounts 2023-06-01 2024-05-31 10179569 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10179569 bus:RegisteredOffice 2023-06-01 2024-05-31 10179569 bus:Director1 2023-06-01 2024-05-31 10179569 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10179569 bus:Agent1 2023-06-01 2024-05-31 10179569 core:FurnitureFittings 2023-06-01 2024-05-31 10179569 core:OfficeEquipment 2023-06-01 2024-05-31 10179569 countries:EnglandWales 2023-06-01 2024-05-31 10179569 2023-05-31 10179569 core:FurnitureFittings 2023-05-31 10179569 core:OfficeEquipment 2023-05-31 10179569 2022-06-01 2023-05-31 10179569 2023-05-31 10179569 core:CurrentFinancialInstruments 2023-05-31 10179569 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10179569 core:Non-currentFinancialInstruments 2023-05-31 10179569 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 10179569 core:FurnitureFittings 2023-05-31 10179569 core:OfficeEquipment 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 10179569

Off Grid Gourmet Limited trading as Off Grid Gourmet

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Company Information

Director

Mr H Sawyer

Registered office

40, The Flat
High Street
Kington
Herefordshire
HR5 3BJ

Bankers

Lloyds Bank Plc
38 High Street
Brecon
Powys
LD3 7AR

Accountants

W J James & Co
Chartered Accountants Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

(Registration number: 10179569)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,618

6,382

Current assets

 

Stocks

5

3,800

650

Cash at bank and in hand

 

5,704

4,813

 

9,504

5,463

Creditors: Amounts falling due within one year

6

(28,132)

(19,226)

Net current liabilities

 

(18,628)

(13,763)

Total assets less current liabilities

 

(14,010)

(7,381)

Creditors: Amounts falling due after more than one year

6

(6,203)

(10,281)

Net liabilities

 

(20,213)

(17,662)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(20,313)

(17,762)

Shareholders' deficit

 

(20,213)

(17,662)

For the financial year ending 31 May 2024 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 and 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 21 February 2025
 

.........................................
Mr H Sawyer
Director

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
40, The Flat
High Street
Kington
Herefordshire
HR5 3BJ

These financial statements were authorised for issue by the director on 21 February 2025.

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.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded up to the nearest £1.

Going concern

The company has made a loss in the year ended 31 May 2024. It has net labilities at the balance sheet date. The director and shareholder is a company creditor. The company is reliant on the director's continued financial support.

These accounts have been drawn up on the going concern basis on the assumption that the company will continue as a going concern for the forseeable future. The financial statements do not include any adjustment that would be necessary if the director were to withdraw his financial support.

Revenue recognition

Turnover represents the sale of food and chef services.

Revenue is recognised when the food is served to the customer or the service is performed.

Government grants

Government grants are accounted for as received, except that grants under the Coronavirus Job Retention Scheme are accounted for in accordance with the payroll periods to which they relate.

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

33.3% reducing balance

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.

Stocks

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 2).

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

17,236

-

17,236

Additions

1,510

359

1,869

Disposals

(1,401)

-

(1,401)

At 31 May 2024

17,345

359

17,704

Depreciation

At 1 June 2023

10,854

-

10,854

Charge for the year

2,142

90

2,232

At 31 May 2024

12,996

90

13,086

Carrying amount

At 31 May 2024

4,349

269

4,618

At 31 May 2023

6,382

-

6,382

5

Stocks

2024
£

2023
£

Other inventories

3,800

650

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,078

4,078

Trade creditors

 

8,974

2,065

Taxation and social security

 

2,683

169

Accruals and deferred income

 

6,054

9,006

Other creditors

 

6,343

3,908

 

28,132

19,226

Creditors: amounts falling due after more than one year

 

Off Grid Gourmet Limited trading as Off Grid Gourmet

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

6,203

10,281

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,953

3,906

Other borrowings

4,250

6,375

6,203

10,281

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,953

1,953

Other borrowings

2,125

2,125

4,078

4,078