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REGISTERED NUMBER: 13616864 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

GG Food & Wines Limited

GG Food & Wines Limited (Registered number: 13616864)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GG Food & Wines Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G Singh
G Singh





REGISTERED OFFICE: 68 Mortlake High Street
London
SW14 8HR





REGISTERED NUMBER: 13616864 (England and Wales)





ACCOUNTANTS: SK Associates Ltd
1 Agincourt Villas
Uxbridge Road
Hillingdon
Middlesex
UB10 0NX

GG Food & Wines Limited (Registered number: 13616864)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,000 18,000
Tangible assets 5 15,909 5,181
32,909 23,181

CURRENT ASSETS
Stocks 48,972 48,784
Debtors 6 12,623 12,000
Cash at bank and in hand 28,079 33,103
89,674 93,887
CREDITORS
Amounts falling due within one year 7 95,295 89,909
NET CURRENT (LIABILITIES)/ASSETS (5,621 ) 3,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,288

27,159

CREDITORS
Amounts falling due after more than
one year

8

25,896

25,896
NET ASSETS 1,392 1,263

GG Food & Wines Limited (Registered number: 13616864)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,292 1,163
1,392 1,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 30 June 2025 and were signed on its behalf by:





G Singh - Director


GG Food & Wines Limited (Registered number: 13616864)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

GG Food & Wines 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

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.

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

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.


GG Food & Wines Limited (Registered number: 13616864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 20,000
AMORTISATION
At 1 December 2023 2,000
Amortisation for year 1,000
At 30 November 2024 3,000
NET BOOK VALUE
At 30 November 2024 17,000
At 30 November 2023 18,000

GG Food & Wines Limited (Registered number: 13616864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 3,662 2,174 - 5,836
Additions - 2,600 11,190 13,790
At 30 November 2024 3,662 4,774 11,190 19,626
DEPRECIATION
At 1 December 2023 - 655 - 655
Charge for year - 824 2,238 3,062
At 30 November 2024 - 1,479 2,238 3,717
NET BOOK VALUE
At 30 November 2024 3,662 3,295 8,952 15,909
At 30 November 2023 3,662 1,519 - 5,181

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 12,623 12,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 3,136 1,791
Taxation and social security 4,661 8,391
Other creditors 87,498 79,727
95,295 89,909

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Other creditors 25,896 25,896

GG Food & Wines Limited (Registered number: 13616864)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
G Singh
Balance outstanding at start of year 43,992 29,717
Amounts advanced 7,726 14,275
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,718 43,992

G Singh
Balance outstanding at start of year 31,304 29,718
Amounts advanced - 1,586
Amounts repaid (386 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,918 31,304