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REGISTERED NUMBER: 06543653 (England and Wales)


Gama Plus Limited

Strategic Report,

Report of the Directors and

Audited Financial Statements

for the Year Ended 31 March 2025






Gama Plus Limited (Registered number: 06543653)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Statement of Financial Position 12

Statement of Changes in Equity 13

Statement of Cash Flows 14

Notes to the Statement of Cash Flows 15

Notes to the Financial Statements 17


Gama Plus Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr A Sancak
Mr E Sancak



SECRETARY: Mr E Sancak



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



REGISTERED NUMBER: 06543653 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Altan Kemal FCA FCCA



AUDITORS: Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

Gama Plus Limited (Registered number: 06543653)

Strategic Report
for the year ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

The company's performance has been in accordance with the expectations of the directors. The company has shown a high degree of resilience in a competitive industry to achieve targeted results.

REVIEW OF BUSINESS
The company's performance in the year under review was similar to that of last year. Turnover increased slightly lead to a slight increase in gross profit in line with expectation. However the net profit reduced due to some high operating cost. The directors expect growth in sales and profitability in the future as strategies to improve the company's performance begin to manifest. The company mainly sells groceries and basic food items; the general economic fluctuations in the country do not impact much on the industry in which they operate and the main threat to the company is their competitors. The company's main strategy is to provide a complete service to customers thereby increasing their customer base and the resulting impact on the turnover. It also aims at concentrating on what it does best and ensuring that customers get the best possible service. The company aims at specific markets (and customers) to ensure that a clear strategy to win and maintain these customers are implemented and sustained.

PRINCIPAL RISKS AND UNCERTAINTIES
The company operates in a very competitive market with very tight margins. Maintaining customers and attracting new customers is key for the companies success.This risk is managed by management ensuring customers are satisfied with their products and service. The company is constantly monitoring changes in customers demand and anticipating future demand, adding new lines to ensure that customers demands are met.

Supply chain problems can also pose an uncertainty to the company's ability to meet customer demand and potential loss of customers. This is managed by ensuring that products are always procured from different suppliers so that delays and uncertainty from one supplier will be met by other suppliers.

KEY PERFORMANCE INDICATORS
The main performance indicators are the sales and the profit margins. The directors monitor these on a monthly basis to ensure that poor performing lines are picked up on time and dealt with. They also ensure that other overheads are within cost limits as their effect on the ability to remain in operational existence and profitability is very critical.

The Key Performance Indicators over the last two years are as follows:

2025 2024
£    £   
Turnover 15,633 15,598
Gross Profit 2,638 2,294
Net Profit before tax 462 562

The directors believe that other variables of performance indicators are marginal and are not the best indicators of the overall performance, development and position of the company.

POLICY ON PAYMENT OF CREDITORS
The policy of the company is to agree terms of payment prior to commencing trade with a supplier and to abide by those terms on a timely submission of invoices.


Gama Plus Limited (Registered number: 06543653)

Strategic Report
for the year ended 31 March 2025

POLICY ON EMPLOYEES
The company is committed to achieving a working environment which provides equality of opportunity and freedom from unlawful discrimination on the basis of gender, sexual orientation, marital or civil partner status, gender reassignment, race, religion or belief, colour, nationality, ethnic or national origin, disability or age, pregnancy or maternity, trade union membership or the fact that they are part-time workers. The company's Equality and Diversity policy aims to remove unfair and discriminatory practices within the company and to encourage full contribution from its diverse community. The company is committed to actively opposing all forms of discrimination. The company also aims to provide a service that does not discriminate against its clients in the means by which they can access the services supplied by the company. The company believes that the directors, employees and customers are entitled to be treated with respect and dignity.The company's employment policy is to provide equal opportunity to all current and prospective employees without any discrimination. They endeavour to provide a work environment in which all individuals are treated with respect and dignity.

SOCIAL, ENVIRONMENT AND ETHICAL MATTERS
The company believes that by operating in an ethical and social aware manner they will help preserve the environment; that being an integral part of efficient and profitable business management. The directors recognise that success in these areas depends on the involvement and commitment of everyone in the organisation.

FUTURE DEVELOPMENT
The directors expect a growth in sales in the future as the company explores new products and customers.

ON BEHALF OF THE BOARD:





Mr E Sancak - Secretary


4 June 2025

Gama Plus Limited (Registered number: 06543653)

Report of the Directors
for the year ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of wholesale of catering supplies to the catering business.

DIVIDENDS
An interim dividend of 50000 per share was paid on 18 April 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2025 will be £ 50,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr A Sancak
Mr E Sancak

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.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Gama Plus Limited (Registered number: 06543653)

Report of the Directors
for the year ended 31 March 2025


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Alton & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



Mr E Sancak - Secretary


4 June 2025

Report of the Independent Auditors to the Members of
Gama Plus Limited

Opinion
We have audited the financial statements of Gama Plus Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity, Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Report of the Independent Auditors to the Members of
Gama Plus Limited


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Gama Plus Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory framework that are applicable to the company and determined that the most significant are the food standards regulation, anti bribery regulations and money laundering regulations. We understand how the company is complying with those regulations by making enquiries of management and key personel. We also reviewed correspondence file. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general commercial and sector experience, through discussion with the directors and other management (as required by auditing standards), and from inspection of the company’s regulatory and legal correspondence and discussed with the directors and other management the policies and procedures regarding compliance with laws and regulations. We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. Auditing standards limit the required audit procedures to identify noncompliance with these laws and regulations to enquiry of the directors and other management and inspection of regulatory and legal correspondence, if any. Through these procedures, we did not become aware of actual or suspected non-compliance. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed noncompliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Gama Plus Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Altan Kemal FCA FCCA (Senior Statutory Auditor)
for and on behalf of Alton & Co
Chartered Accountants
& Statutory Auditors
239-241 Kennington Lane
London
SE11 5QU

4 June 2025

Gama Plus Limited (Registered number: 06543653)

Income Statement
for the year ended 31 March 2025

2025 2024
Notes £    £    £   

REVENUE 15,633,049 15,597,722

Cost of sales 12,994,938 13,303,253
GROSS PROFIT 2,638,111 2,294,469

Distribution costs 362,470 273,898
Administrative expenses 2,268,923 1,965,826
2,631,393 2,239,724
6,718 54,745

Other operating income 474,789 529,322
OPERATING PROFIT 4 481,507 584,067

Interest receivable and similar income 5,113 5,871
486,620 589,938

Interest payable and similar expenses 5 24,960 28,351
PROFIT BEFORE TAXATION 461,660 561,587

Tax on profit 6 98,042 142,487
PROFIT FOR THE FINANCIAL YEAR 363,618 419,100

Gama Plus Limited (Registered number: 06543653)

Other Comprehensive Income
for the year ended 31 March 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 363,618 419,100


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

363,618

419,100

Gama Plus Limited (Registered number: 06543653)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 75,000 -
Property, plant and equipment 9 419,087 482,557
494,087 482,557

CURRENT ASSETS
Inventories 10 5,040,568 4,142,905
Debtors 11 1,182,876 843,966
Cash at bank and in hand 331,078 547,069
6,554,522 5,533,940
CREDITORS
Amounts falling due within one year 12 1,934,147 1,186,789
NET CURRENT ASSETS 4,620,375 4,347,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,114,462

4,829,708

CREDITORS
Amounts falling due after more than one
year

13

(302,591

)

(316,627

)

PROVISIONS FOR LIABILITIES 16 (99,942 ) (114,770 )
NET ASSETS 4,711,929 4,398,311

CAPITAL AND RESERVES
Called up share capital 17 100 100
Retained earnings 18 4,711,829 4,398,211
SHAREHOLDERS' FUNDS 4,711,929 4,398,311

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 Plus Limited (Registered number: 06543653)

Statement of Changes in Equity
for the year ended 31 March 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2023 100 4,029,111 4,029,211

Changes in equity
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 419,100 419,100
Balance at 31 March 2024 100 4,398,211 4,398,311

Changes in equity
Dividends - (50,000 ) (50,000 )
Total comprehensive income - 363,618 363,618
Balance at 31 March 2025 100 4,711,829 4,711,929

Gama Plus Limited (Registered number: 06543653)

Statement of Cash Flows
for the year ended 31 March 2025

2025 2024
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 48,741 221,775
Interest paid (24,960 ) (28,351 )
Tax paid (142,590 ) (51,621 )
Net cash from operating activities (118,809 ) 141,803

Cash flows from investing activities
Purchase of intangible fixed assets (75,000 ) -
Purchase of tangible fixed assets (16,212 ) (84,999 )
Interest received 5,113 5,871
Net cash from investing activities (86,099 ) (79,128 )

Cash flows from financing activities
Loan repayments in year (31,027 ) (26,954 )
Equity dividends paid (50,000 ) (50,000 )
Net cash from financing activities (81,027 ) (76,954 )

Decrease in cash and cash equivalents (285,935 ) (14,279 )
Cash and cash equivalents at beginning of
year

2

452,029

466,308

Cash and cash equivalents at end of year 2 166,094 452,029

Gama Plus Limited (Registered number: 06543653)

Notes to the Statement of Cash Flows
for the year ended 31 March 2025

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2025 2024
£    £   
Profit before taxation 461,660 561,587
Depreciation charges 79,682 91,122
Finance costs 24,960 28,351
Finance income (5,113 ) (5,871 )
561,189 675,189
Increase in inventories (897,663 ) (297,143 )
(Increase)/decrease in trade and other debtors (338,910 ) 69,792
Increase/(decrease) in trade and other creditors 724,125 (226,063 )
Cash generated from operations 48,741 221,775

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 March 2025
31/3/25 1/4/24
£    £   
Cash and cash equivalents 331,078 547,069
Bank overdrafts (164,984 ) (95,040 )
166,094 452,029
Year ended 31 March 2024
31/3/24 1/4/23
£    £   
Cash and cash equivalents 547,069 763,906
Bank overdrafts (95,040 ) (297,598 )
452,029 466,308


Gama Plus Limited (Registered number: 06543653)

Notes to the Statement of Cash Flows
for the year ended 31 March 2025

3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1/4/24 Cash flow At 31/3/25
£    £    £   
Net cash
Cash at bank and in hand 547,069 (215,991 ) 331,078
Bank overdrafts (95,040 ) (69,944 ) (164,984 )
452,029 (285,935 ) 166,094
Debt
Debts falling due within 1 year (51,991 ) 16,991 (35,000 )
Debts falling due after 1 year (316,627 ) 14,036 (302,591 )
(368,618 ) 31,027 (337,591 )
Total 83,411 (254,908 ) (171,497 )

Gama Plus Limited (Registered number: 06543653)

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

1. STATUTORY INFORMATION

Gama Plus 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" 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 customer takes delivery of the goods and is derived from ordinary activities of the business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 is based on a first in first out basis. Net realisable value is the selling price of the stock less all additional cost to sell.


Gama Plus Limited (Registered number: 06543653)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

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.

3. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 965,119 786,809
Social security costs 95,467 78,010
Other pension costs 11,445 7,234
1,072,031 872,053

Gama Plus Limited (Registered number: 06543653)

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

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2025 2024

Directors 2 2
Staff member 31 19
33 21

2025 2024
£    £   
Directors' remuneration 104,784 101,647

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Hire of plant and machinery 220,665 133,675
Other operating leases 217,529 206,741
Depreciation - owned assets 79,682 91,120
Auditors' remuneration 10,500 10,500
Auditors' remuneration for non audit work 6,364 6,118
Foreign exchange differences 18,096 (14,834 )

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Bank interest 24,925 28,351
Interest and penalties 35 -
24,960 28,351

Gama Plus Limited (Registered number: 06543653)

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

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 113,120 142,751
Corp tax adjust re prev year (250 ) -
Total current tax 112,870 142,751

Deferred tax (14,828 ) (264 )
Tax on profit 98,042 142,487

7. DIVIDENDS
2025 2024
£    £   
Ordinary shares of £1 each
Interim 50,000 50,000

8. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 75,000
At 31 March 2025 75,000
NET BOOK VALUE
At 31 March 2025 75,000

The installation of the software was completed in April 2025. Amortisation will start next year.

Gama Plus Limited (Registered number: 06543653)

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

9. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 647,734 199,633 95,613 15,472 958,452
Additions 15,813 - - 399 16,212
At 31 March 2025 663,547 199,633 95,613 15,871 974,664
DEPRECIATION
At 1 April 2024 280,560 131,125 50,081 14,129 475,895
Charge for year 57,448 10,276 11,383 575 79,682
At 31 March 2025 338,008 141,401 61,464 14,704 555,577
NET BOOK VALUE
At 31 March 2025 325,539 58,232 34,149 1,167 419,087
At 31 March 2024 367,174 68,508 45,532 1,343 482,557

10. INVENTORIES
2025 2024
£    £   
Finished goods 5,040,568 4,142,905

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,083,335 751,235
Deposits 33,270 67,200
Prepayments 66,271 25,531
1,182,876 843,966

Gama Plus Limited (Registered number: 06543653)

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 14) 199,984 147,031
Trade creditors 1,529,316 798,567
Corporation tax payable 113,031 142,751
Social security and other taxes 24,014 9,343
Pension control 2,453 2,949
VAT 49,849 83,043
Gama Mediterranean Foods Ltd 12,500 -
Accrued expenses 3,000 3,105
1,934,147 1,186,789

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 14) 302,591 316,627

14. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 164,984 95,040
Bank loans 35,000 51,991
199,984 147,031

Amounts falling due between one and two years:
Bank loans - 1-2 years 35,000 51,991

Amounts falling due between two and five years:
Long term bank loan 140,000 155,972

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 127,591 108,664

Gama Plus Limited (Registered number: 06543653)

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

15. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 337,591 368,618

There is debenture for all the assets of the company given to NatWest Bank Plc. Bank loans are secured by way of fixed and floating charge over all the assets of the company.

16. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 99,942 114,770

Deferred
tax
£   
Balance at 1 April 2024 114,770
Excess Capital Alws. reverse (14,828 )
Balance at 31 March 2025 99,942

17. CALLED UP SHARE CAPITAL

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

18. RESERVES
Retained
earnings
£   

At 1 April 2024 4,398,211
Profit for the year 363,618
Dividends (50,000 )
At 31 March 2025 4,711,829

Gama Plus Limited (Registered number: 06543653)

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

19. RELATED PARTY DISCLOSURES

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


2024 2024
Trade Debtors 16,995 12,500
Trade Creditors 89,419 75,319
Sales 5,480,684 6,083,326
Purchases 6,387,564 5,045,884
Rent Paid 217,529 206,741
Management Income 497,000 495,000

Bank loans & overdraft are secured by way of cross guarantee agreement between NatWest Bank Plc and Gama (Import/ Export) Limited, Gama Mediterranean Foods Limited, Sannel Foods Limited has given a guarantee of £369,945 (2024 - £368,617).