GOOD LOOKIN COOKIN LTD


Director	JOHNSON, Carol Glenis


Registered Address	17 Unit 17, Lincoln Enterprise Park
	Newark Road
	Lincoln
	LN5 9FP


Registered Number	06542290 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		470,384		704,408
			470,384		704,408
Current assets
Stocks		10,000		10,000
Debtors		554,928		485,549
Cash at bank and on hand		361,691		217,959
		926,619		713,508
Creditors amounts falling due within one year		(447,194)		(307,720)
Net current assets (liabilities)			479,425		405,788
Total assets less current liabilities			949,809		1,110,196
Creditors amounts falling due after one year			(181,909)		(210,800)
Provisions for liabilities			(63,037)		(55,812)
Net assets			704,863		843,584
Capital and reserves
Called up share capital			5,000		5,000
Profit and loss account			699,863		838,584
Shareholders' funds			704,863		843,584

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 25 June 2025, and are signed on its behalf by:

JOHNSON, Carol Glenis
Director
Registered Company No. 06542290

GOOD LOOKIN COOKIN LTD

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

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are written off over their useful life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Vehicles	25	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	35		37

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	60,000
	At 31 March 25	60,000
	Amortisation and impairment
	At 01 April 24	60,000
	At 31 March 25	60,000
	Net book value
	At 31 March 25	-
	At 31 March 24	-

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	1,142,766
	Additions	16,290
	Disposals	(251,812)
	At 31 March 25	907,244
	Depreciation and impairment
	At 01 April 24	438,358
	Charge for year	58,762
	On disposals	(60,260)
	At 31 March 25	436,860
	Net book value
	At 31 March 25	470,384
	At 31 March 24	704,408


	During the year there was a transfer of freehold property at book value from this company to its holding company.

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	39,339		51,089


	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the account. They are depreciated over the shorter of their useful lives or the term of the lease.

7.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
JOHNSON, Carol Glenis	158,397	0	8,397	150,000
	158,397	0	8,397	150,000


	The directors loan was partly repaid within 9 months of the year end. Interest has been charged on the loan.

8.	Related party transactions
	At the year end the company owed £13,153 to Monsal Head Holdings Ltd, its parent company. During the year rent was charged by the parent company to this company of £8,153.

9.	Controlling party
	The company is owned by Monsal Head Holdings Ltd. Consolidated accounts have not been prepared as the Group is small.