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Registration number: 1967236

Gourmet Food Company Limited
Annual Report and
Unaudited Financial Statements
31 May 2025

Gourmet Food Company Limited

Contents

Balance Sheet | 1 to 2
Notes to the Financial Statements | 3 to 9

Gourmet Food Company Limited

Balance Sheet
31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 2,418 | 647
Current assets |  |  |
Stocks | 6 | 122,995 | 59,198
Debtors | 7 | 42,573 | 160,280
Cash at bank and in hand |  | 447,417 | 403,921
|  | 612,985 | 623,399
Creditors: Amounts falling due within one year | 8 | (39,085) | (63,984)
Net current assets |  | 573,900 | 559,415
Total assets less current liabilities |  | 576,318 | 560,062
Provisions for liabilities |  | (605) | (25)
Net assets |  | 575,713 | 560,037
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 575,711 | 560,035
Shareholders' funds |  | 575,713 | 560,037

Gourmet Food Company Limited

Balance Sheet
31 May 2025

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 February 2026 and signed on its behalf by:

......................................... D E Fruhman Director

Company Registration Number: 1967236

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office Equipment | 20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

4 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 529 | 82

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

5 | Tangible assets

| Fixtures and fittings £ | Total £
Cost or valuation
At 1 June 2024 | 2,676 | 2,676
Additions | 2,300 | 2,300
At 31 May 2025 | 4,976 | 4,976
Depreciation
At 1 June 2024 | 2,029 | 2,029
Charge for the year | 529 | 529
At 31 May 2025 | 2,558 | 2,558
Carrying amount
At 31 May 2025 | 2,418 | 2,418
At 31 May 2024 | 647 | 647

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 122,995 | 59,198

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 42,573 | 58,473
Other debtors | - | 101,807
| 42,573 | 160,280

Gourmet Food Company Limited

Notes to the Financial Statements
Year Ended 31 May 2025

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 410 | 24,034
Taxation and social security | 35,760 | 37,492
Accruals and deferred income | 2,844 | 2,369
Other creditors | 71 | 89
| 39,085 | 63,984