Company Registration No. 03253064 (England and Wales)
General Foods Limited
Unaudited accounts
for the year ended 31 December 2024
General Foods Limited
Unaudited accounts
Contents
General Foods Limited
Company Information
for the year ended 31 December 2024
Directors
Hamed Al Naqeeb
Farris Al Naqeeb
Charles Andrew Stewart
Company Number
03253064 (England and Wales)
Registered Office
Blackwell House
Guildhall Yard
London
Greater London
EC2V 5AE
United Kingdom
General Foods Limited
Statement of financial position
as at 31 December 2024
Tangible assets
3,322
14,205
Debtors
2,792,625
2,807,463
Cash at bank and in hand
137,284
124,487
Creditors: amounts falling due within one year
(1,847,333)
(1,241,896)
Net current assets
1,082,576
1,690,054
Total assets less current liabilities
1,085,898
1,704,259
Creditors: amounts falling due after more than one year
(71,776)
(627,201)
Provisions for liabilities
Deferred tax
(3,171)
(3,171)
Net assets
1,010,951
1,073,887
Called up share capital
1,000
1,000
Profit and loss account
1,009,951
1,072,887
Shareholders' funds
1,010,951
1,073,887
For the year ending 31 December 2024 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 25 September 2025 and were signed on its behalf by
Hamed Al Naqeeb
Director
Company Registration No. 03253064
General Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
General Foods Limited is a private company, limited by shares, registered in England and Wales, registration number 03253064. The registered office is Blackwell House, Guildhall Yard, London, Greater London, EC2V 5AE, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold property - 5% - 33%
Fixtures and fittings - 33% Reducing balance
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Tangible fixed assets
Fixtures & fittings
At 31 December 2024
45,407
At 31 December 2024
42,085
At 31 December 2023
14,205
General Foods Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
2,784,966
2,614,528
Accrued income and prepayments
1,676
23,839
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
79,547
Trade creditors
7,893
11,685
Amounts owed to group undertakings and other participating interests
837,385
908,910
Taxes and social security
102,584
166,642
Other creditors
5,394
26,734
Loans from directors
781,586
-
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
71,776
-
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).