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REGISTERED NUMBER: 07795747 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

GOURMET SUPPLIES LIMITED

GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOURMET SUPPLIES LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: A Andries
R Madrid





REGISTERED OFFICE: Unit A03 Leyton Industrial Village
Argall Avenue
London
E10 7QP





REGISTERED NUMBER: 07795747 (England and Wales)





ACCOUNTANTS: TAL Accounting
36 Junction Road
London
N19 5RD

GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,626 88,640

CURRENT ASSETS
Stocks 51,486 67,078
Debtors 5 582,003 550,978
Cash at bank and in hand 563,958 557,664
1,197,447 1,175,720
CREDITORS
Amounts falling due within one year 6 537,418 484,254
NET CURRENT ASSETS 660,029 691,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,655

780,106

CREDITORS
Amounts falling due after more than one
year

7

121,521

132,200
NET ASSETS 617,134 647,906

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 617,034 647,806
SHAREHOLDERS' FUNDS 617,134 647,906

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

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

GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)

Balance Sheet - continued
31 October 2024


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

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 11 June 2025 and were signed on its behalf by:




A Andries - Director



R Madrid - Director


GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Gourmet Supplies 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.

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 and machinery etc - 25% 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 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 balance sheet date.

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 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.

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 year was 13 (2023 - 12 ) .

GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 228,418
Additions 35,495
At 31 October 2024 263,913
DEPRECIATION
At 1 November 2023 139,778
Charge for year 45,509
At 31 October 2024 185,287
NET BOOK VALUE
At 31 October 2024 78,626
At 31 October 2023 88,640

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 568,284 531,191
Other debtors 13,719 19,787
582,003 550,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 358,434 317,774
Taxation and social security 175,419 146,911
Other creditors 3,565 19,569
537,418 484,254

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 121,521 132,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

GOURMET SUPPLIES LIMITED (REGISTERED NUMBER: 07795747)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. RESERVES
Retained
earnings
£   

At 1 November 2023 647,806
Profit for the year 489,228
Dividends (520,000 )
At 31 October 2024 617,034

10. CONTROL

The company is controlled by the directors by virtue of their shareholdings in the company.