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Company Registration No. 3173953 (England and Wales)
The Good Food Network Limited Unaudited accounts for the year ended 31 March 2025
The Good Food Network Limited Unaudited accounts Contents
Page
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The Good Food Network Limited Company Information for the year ended 31 March 2025
Directors
Paul L Gimblett Elisabeth L. F. Gimblett Christian A.E. Gimblett
Secretary
E.L.F. Gimblett
Company Number
3173953 (England and Wales)
Registered Office
15 Edgeborough Way Bromley Kent BR1 2UA England
Accountants
Landergan & Co Ltd 26 Burney Street London SE10 8EX
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The Good Food Network Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,539 
5,554 
Current assets
Inventories
26,440 
33,121 
Debtors
14,347 
8,883 
Cash at bank and in hand
346 
86 
41,133 
42,090 
Creditors: amounts falling due within one year
(15,204)
(24,493)
Net current assets
25,929 
17,597 
Total assets less current liabilities
30,468 
23,151 
Provisions for liabilities
Deferred tax
(862)
(1,055)
Net assets
29,606 
22,096 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
29,306 
21,796 
Shareholders' funds
29,606 
22,096 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by
Paul L Gimblett Director Company Registration No. 3173953
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The Good Food Network Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
The Good Food Network Limited is a private company, limited by shares, registered in England and Wales, registration number 3173953. The registered office is 15 Edgeborough Way, Bromley, Kent, BR1 2UA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value-added tax, and other sales taxes. Turnover from the sale of goods is recognized when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Other tangible fixed assets
33.3% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Good Food Network Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2024
3,298 
14,600 
14,491 
14,515 
46,904 
Additions
690 
- 
- 
- 
690 
At 31 March 2025
3,988 
14,600 
14,491 
14,515 
47,594 
Depreciation
At 1 April 2024
3,296 
12,652 
12,756 
12,646 
41,350 
Charge for the year
173 
487 
578 
467 
1,705 
At 31 March 2025
3,469 
13,139 
13,334 
13,113 
43,055 
Net book value
At 31 March 2025
519 
1,461 
1,157 
1,402 
4,539 
At 31 March 2024
2 
1,948 
1,735 
1,869 
5,554 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
4,702 
3,574 
Trade debtors
6,610 
3,810 
Accrued income and prepayments
3,035 
1,499 
14,347 
8,883 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
4,626 
5,576 
Loans from directors
312 
4,773 
Accruals
10,266 
14,144 
15,204 
24,493 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300 
300 
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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