Statutory Information
HAPPY GOURMET LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12529241, registration address 44-45 Viaduct Road, Chelmsford, Essex, CM1 1TS, United Kingdom.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Fixtures and Fittings | 15 % Reducing Balance | | Computer Equipment | 15 % Reducing Balance | | Office Equipment | 15 % Reducing Balance |
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Office Equipment |
|
Total |
| |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
|
2,593 |
|
3,758 |
|
3,031 |
|
9,382 |
| Additions |
|
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
|
2,593 |
|
3,758 |
|
3,031 |
|
9,382 |
| Depreciation |
| At 01 April 2024 |
|
1,240 |
|
1,139 |
|
1,096 |
|
3,475 |
| Charge for year |
|
203 |
|
393 |
|
290 |
|
886 |
| At 31 March 2025 |
|
1,443 |
|
1,532 |
|
1,386 |
|
4,361 |
| Net book values |
| Closing balance as at 31 March 2025 |
|
1,150 |
|
2,226 |
|
1,645 |
|
5,021 |
| Opening balance as at 01 April 2024 |
|
1,353 |
|
2,619 |
|
1,935 |
|
5,907 |
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Inter-company loan |
- |
|
710 |
| Social security & other tax |
29 |
|
29 |
|
29 |
|
739 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Accrued expenses |
- |
|
659 |
| Pension Payable |
9,429 |
|
10,125 |
| Wages & salaries control account |
4,416 |
|
55,361 |
| Directors' current account |
53,131 |
|
37,416 |
| Credit card |
736 |
|
4,802 |
| VAT |
15,716 |
|
16,444 |
|
83,428 |
|
124,807 |
|
| 5. |
Profit and loss account
| |
2025
£ |
| Balance at 01 April 2024 |
2,957 |
| Loss for the year |
(8,027) |
| Balance at 31 March 2025 |
(5,070) |
|
| 6. |
Share Capital
Allotted
|
2025
£ |
|
2024
£ |
|
1
Class A shares of £1.00 each |
1 |
|
1 |
|
1 |
|
1 |
|
| 7. |
Average number of employees
Average number of employees during the year were 14 (2024: 13).
|
| 8. |
Directors' Current Account
The balance includes £53,131 (2024: £37,416) owed by the company to its director. The loan is interest-free and repayable on demand.
|
2
|