REGISTERED NUMBER: 06186596 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GB Gourmet Foods Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr G Jupp

Mr B Wright

REGISTERED OFFICE:

23 Winkton Close

Havant

Hampshire

PO9 3EH

REGISTERED NUMBER:

06186596 (England and Wales)

ACCOUNTANTS:

Priors Consultancy (Southern) Limited

12 Priors Close

Southbourne

Emsworth

Hampshire

PO10 8LJ

FIXED ASSETS

Tangible assets

4

61,208

41,028

CURRENT ASSETS

Stocks

5

7,002

8,010

Debtors

6

54,961

24,355

Cash at bank

36,532

52,607

98,495

84,972

CREDITORS

Amounts falling due within one year

7

35,361

35,730

NET CURRENT ASSETS

63,134

49,242

TOTAL ASSETS LESS CURRENT LIABILITIES

124,342

90,270

CREDITORS

Amounts falling due after more than one year

8

28,726

39,155

NET ASSETS

95,616

51,115

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Retained earnings

11

93,616

49,115

SHAREHOLDERS' FUNDS

95,616

51,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2025 and were signed on its behalf by:

Mr B Wright - Director

1.	STATUTORY INFORMATION

GB Gourmet Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

10,464

3,285

70,895

2,410

87,054

Additions

15,845

-

29,840

214

45,899

Disposals

-

-

(10,417

)

-

(10,417

)

At 31 March 2025

26,309

3,285

90,318

2,624

122,536

DEPRECIATION

At 1 April 2024

7,040

2,954

34,654

1,378

46,026

Charge for year

3,854

66

11,133

249

15,302

At 31 March 2025

10,894

3,020

45,787

1,627

61,328

NET BOOK VALUE

At 31 March 2025

15,415

265

44,531

997

61,208

At 31 March 2024

3,424

331

36,241

1,032

41,028

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

7,002

8,010

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,600

21,016

VAT

29,361

3,339

54,961

24,355

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

2

1

Tax

147

-

Social security and other taxes

1,915

1,915

Other creditors

600

600

Directors' current accounts

32,697

33,214

35,361

35,730

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans (see note 9)

28,726

39,155

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

18,270

18,270

Bounce back loan

10,456

20,885

28,726

39,155

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2,000

ordinary

£1

2,000

2,000

11.

RESERVES

Retained

earnings

£

At 1 April 2024

49,115

Profit for the year

44,501

At 31 March 2025

93,616

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Priors Consultancy (Southern) Limited

12 Priors Close

Southbourne

Emsworth

Hampshire

PO10 8LJ

Date: .............................................