REGISTERED NUMBER: 14701686 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Gobble Box Woolacombe Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss A L B Shreeves

Mr A O Willis

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

14701686 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Intangible assets

5

8,194

9,861

Tangible assets

6

69,994

56,936

78,188

66,797

CURRENT ASSETS

Stocks

3,634

2,490

Debtors

8,675

10,560

Cash at bank and in hand

3,754

7,364

16,063

20,414

CREDITORS

Amounts falling due within one year

130,920

118,990

NET CURRENT LIABILITIES

(114,857

)

(98,576

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,669

)

(31,779

)

CREDITORS

Amounts falling due after more than one year

1,200

-

NET LIABILITIES

(37,869

)

(31,779

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(37,871

)

(31,781

)

SHAREHOLDERS' FUNDS

(37,869

)

(31,779

)

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

Mr A O Willis - Director

1.	STATUTORY INFORMATION

Gobble Box Woolacombe Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

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

Goodwill

Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 6 years.

Tangible fixed assets

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

Improvements to property

-

Straight line over 6 years

Plant and machinery

-

Straight line over 10 years

Motor vehicles

-

Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

The plant and machinery depreciation policy has been changed from 5 years straight line to 10 year straight line to more accurately reflect the expected useful life of the assets.

As a result of this change the net book value of fixed assets has increased by £5,142 and the depreciation charge for the year has decreased by £5,142.

Grants

Grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Grants in respect of revenue items are credited to the profit and loss account when they are receivable.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

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.

Going concern

The company has retained losses of £37,871 (2024 - £31,781). It also has net current liabilities of £114,857 (2024 - £98,576) and net liabilities of £37,869 (2024 - £31,779). The net current liabilities include an amount of £105,573 due to the directors.

The company is reliant on the continuing financial support of its creditors and while there are no reasons to doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this basis, and having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from an inability to meet obligations as they fall due.

Hire purchase and leasing commitments

Rentals under operating leases are charged to the profit and loss account as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 6 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

139

Amortisation for year

1,667

At 31 March 2025

1,806

NET BOOK VALUE

At 31 March 2025

8,194

At 31 March 2024

9,861

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

57,833

Additions

23,688

At 31 March 2025

81,521

DEPRECIATION

At 1 April 2024

897

Charge for year

10,630

At 31 March 2025

11,527

NET BOOK VALUE

At 31 March 2025

69,994

At 31 March 2024

56,936

The plant and machinery depreciation policy has been changed from 5 years straight line to 10 year straight line to more accurately reflect the expected useful life of the assets.

As a result of this change the net book value of fixed assets has increased by £5,142 and the depreciation charge for the year has decreased by £5,142.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

13,260

13,260

Between one and five years

47,515

53,040

In more than five years

-

7,735

60,775

74,035

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2

9.	CORRESPONDING AMOUNTS

These financial statements cover the year ended 31 March 2025. The comparative figures cover the period 2 March 2023 to 31 March 2024. Accordingly, the corresponding amounts may not be comparable as required by the provisions of FRS 102 Section 1A small entities.