Company Registration No. 06640894 (England and Wales)
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
125,691
159,994
Current assets
Stocks
99,353
55,360
Debtors
6
63,625
118,195
Cash at bank and in hand
224,344
379,884
387,322
553,439
Creditors: amounts falling due within one year
7
(103,833)
(136,418)
Net current assets
283,489
417,021
Total assets less current liabilities
409,180
577,015
Provisions for liabilities
(21,398)
(27,833)
Net assets
387,782
549,182
Capital and reserves
Called up share capital
8
1
1
Profit and loss reserves
387,781
549,181
Total equity
387,782
549,182

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 29 October 2025
Mrs H Ellis
Director
Company registration number 06640894 (England and Wales)
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

The Gourmet Chocolate Pizza Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Newstead House, Pelham Road, Nottingham, NG5 1AP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and was amortised on a systematic basis over its expected life, which was 5 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% straight line
Fixtures and fittings
15% straight line
Computers
25% striaght line
Motor vehicles
25% reducing balance
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
18
20
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
50,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
50,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024
150,685
181,513
18,736
8,215
359,149
Additions
9,248
-
0
-
0
-
0
9,248
At 31 March 2025
159,933
181,513
18,736
8,215
368,397
Depreciation and impairment
At 1 April 2024
104,884
71,554
16,451
6,266
199,155
Depreciation charged in the year
16,821
24,924
1,319
487
43,551
At 31 March 2025
121,705
96,478
17,770
6,753
242,706
Carrying amount
At 31 March 2025
38,228
85,035
966
1,462
125,691
At 31 March 2024
45,801
109,959
2,285
1,949
159,994
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
48,477
104,044
Other debtors
15,148
14,151
63,625
118,195
THE GOURMET CHOCOLATE PIZZA COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
47,316
72,393
Taxation and social security
16,363
21,042
Other creditors
40,154
42,983
103,833
136,418
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
9
Directors' transactions

Included within creditors at 31 March 2025 are loans from directors totalling £37,077. These loans are interest free and repayable on demand.

2025-03-31 2024-04-01 false false false 06 November 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mrs H Ellis Mr A Ellis 06640894 2024-04-01 2025-03-31 06640894 2025-03-31 06640894 2024-03-31 06640894 core:PlantMachinery 2025-03-31 06640894 core:FurnitureFittings 2025-03-31 06640894 core:ComputerEquipment 2025-03-31 06640894 core:MotorVehicles 2025-03-31 06640894 core:PlantMachinery 2024-03-31 06640894 core:FurnitureFittings 2024-03-31 06640894 core:ComputerEquipment 2024-03-31 06640894 core:MotorVehicles 2024-03-31 06640894 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06640894 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06640894 core:ShareCapital 2025-03-31 06640894 core:ShareCapital 2024-03-31 06640894 core:RetainedEarningsAccumulatedLosses 2025-03-31 06640894 core:RetainedEarningsAccumulatedLosses 2024-03-31 06640894 core:ShareCapitalOrdinaryShareClass1 2025-03-31 06640894 core:ShareCapitalOrdinaryShareClass1 2024-03-31 06640894 bus:Director1 2024-04-01 2025-03-31 06640894 core:Goodwill 2024-04-01 2025-03-31 06640894 core:PlantMachinery 2024-04-01 2025-03-31 06640894 core:FurnitureFittings 2024-04-01 2025-03-31 06640894 core:ComputerEquipment 2024-04-01 2025-03-31 06640894 core:MotorVehicles 2024-04-01 2025-03-31 06640894 2023-04-01 2024-03-31 06640894 core:Goodwill 2024-03-31 06640894 core:Goodwill 2025-03-31 06640894 core:Goodwill 2024-03-31 06640894 core:PlantMachinery 2024-03-31 06640894 core:FurnitureFittings 2024-03-31 06640894 core:ComputerEquipment 2024-03-31 06640894 core:MotorVehicles 2024-03-31 06640894 2024-03-31 06640894 core:CurrentFinancialInstruments 2025-03-31 06640894 core:CurrentFinancialInstruments 2024-03-31 06640894 core:WithinOneYear 2025-03-31 06640894 core:WithinOneYear 2024-03-31 06640894 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06640894 bus:OrdinaryShareClass1 2025-03-31 06640894 bus:OrdinaryShareClass1 2024-03-31 06640894 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06640894 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06640894 bus:FRS102 2024-04-01 2025-03-31 06640894 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06640894 bus:CompanySecretary1 2024-04-01 2025-03-31 06640894 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP