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REGISTERED NUMBER: 04260968 (England and Wales)


Gama Mediterranean Foods Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025






Gama Mediterranean Foods Limited (Registered number: 04260968)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Gama Mediterranean Foods Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr A Sancak
Mr E Sancak





SECRETARY: Mr E Sancak





REGISTERED OFFICE: Unit B
Horizon Business Centre
84 Goodwin Road, Edmonton
London
N9 0BJ





REGISTERED NUMBER: 04260968 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gama Mediterranean Foods Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gama Mediterranean Foods Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Gama Mediterranean Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gama Mediterranean Foods Limited and state those matters that we have agreed to state to the Board of Directors of Gama Mediterranean Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gama Mediterranean Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gama Mediterranean Foods 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 Gama Mediterranean Foods Limited. You consider that Gama Mediterranean Foods 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 Gama Mediterranean Foods 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.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


4 June 2025

Gama Mediterranean Foods Limited (Registered number: 04260968)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,865 14,195
Investments 5 246,251 242,918
257,116 257,113

CURRENT ASSETS
Inventories 6 1,865,412 2,260,271
Debtors 7 1,786,252 1,036,677
Cash at bank and in hand 2,110,214 1,759,574
5,761,878 5,056,522
CREDITORS
Amounts falling due within one year 8 961,045 660,239
NET CURRENT ASSETS 4,800,833 4,396,283
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,057,949

4,653,396

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 5,057,849 4,653,296
SHAREHOLDERS' FUNDS 5,057,949 4,653,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Gama Mediterranean Foods Limited (Registered number: 04260968)

Statement of Financial Position - continued
31 March 2025


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 Income Statement for the year ended 31 March 2025 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 4 June 2025 and were signed on its behalf by:





Mr A Sancak - Director


Gama Mediterranean Foods Limited (Registered number: 04260968)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Gama Mediterranean Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the goods are physically delivered to the customers and derived from ordinary activities of the business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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

Cost of stocks is valued using the first in first out stock valuation method. Net realisable value is the estimated selling price less cost to sell.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Gama Mediterranean Foods Limited (Registered number: 04260968)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Going concern
In the director's assessment of the company's ability to continue as a going concern, there are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Fixed assets investment
Fixed assets investments are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024
and 31 March 2025 28,145 23,030 1,290 52,465
DEPRECIATION
At 1 April 2024 23,665 13,320 1,285 38,270
Charge for year 900 2,430 - 3,330
At 31 March 2025 24,565 15,750 1,285 41,600
NET BOOK VALUE
At 31 March 2025 3,580 7,280 5 10,865
At 31 March 2024 4,480 9,710 5 14,195

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024 242,918
Additions 3,333
At 31 March 2025 246,251
NET BOOK VALUE
At 31 March 2025 246,251
At 31 March 2024 242,918

Gama Mediterranean Foods Limited (Registered number: 04260968)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

6. INVENTORIES
2025 2024
£    £   
Finished goods 1,865,412 2,260,271

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,664,461 978,342
Other debtors 121,791 58,335
1,786,252 1,036,677

The company has a sales ledger finance agreement with NatWest Bank plc to receive 90% value for all its book debts with recourse period of 90 days for each UK debt.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 133,724 49,122
Trade creditors 627,640 415,979
Taxation and social security 190,479 186,936
Other creditors 9,202 8,202
961,045 660,239

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2024 4,653,296
Profit for the year 554,553
Dividends (150,000 )
At 31 March 2025 5,057,849

Gama Mediterranean Foods Limited (Registered number: 04260968)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

11. CONTINGENT LIABILITIES

Under a credit arrangement between Gama Plus Limited and NatWest Bank plc, there is a fixed and floating charge cover on all the properties or undertaking of the company and a negative pledge.
At the year end the balance due under this arrangement was £363,945 (2024 - £368,617)

12. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entities

The company has purchased goods from related parties in the amount of £3,281,281 (2024- £3,342,627) and sold goods in the amount of £3,394,133 (2024- £3,384,017) during the year.

The company has also paid a management charge of £451,000 (2024 - £435,000 ) to a related party

2025 2024

Trade creditors £52,869 £55,302