Registration number: 05185879

Global Food Technology Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Global Food Technology Limited

Company Information

Director

Julie Flower

Registered office

Ross & Partners (Bristol) Limited Unit 1, Office 1 Tower Lane Business Park Bristol BS30 8XT

Accountants

Ross & Partners (Bristol) Limited Accountants and Tax Consultants Unit 1, Office 1 Tower Lane Business Park Tower Lane Warmley Bristol BS30 8XT

Global Food Technology Limited

(Registration number: 05185879)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Current assets
Stocks	4	1,105	4,211
Debtors	5	17,392	6,669
Cash at bank and in hand		28,919	38,914
		47,416	49,794
Creditors: Amounts falling due within one year	6	(66,748)	(81,229)
Total assets less current liabilities		(19,332)	(31,435)
Creditors: Amounts falling due after more than one year	6	(22,046)	(27,464)
Net liabilities		(41,378)	(58,899)
Capital and reserves
Called up share capital	7	100	100
Retained earnings		(41,478)	(58,999)
Shareholders' deficit		(41,378)	(58,899)

For the financial period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Global Food Technology Limited

(Registration number: 05185879)
Balance Sheet as at 31 July 2025

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 April 2026
 

......................................... Julie Flower Director

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

1	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

The financial statements have been prepared on a going concern basis.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

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:

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.

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.

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2024 - 2).

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

3	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 July 2024	872	872
At 31 July 2025	872	872
Depreciation
At 31 July 2024	872	872
At 31 July 2025	872	872
Carrying amount
At 31 July 2025	-	-

4

Stocks

	2025 £	2024 £
Other inventories	1,105	4,211

5

Debtors

Current	2025 £	2024 £
Trade debtors	17,392	6,669
	17,392	6,669

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	56,084	51,376
Trade creditors		2,306	11,898
Taxation and social security		6,358	11,690
Accruals and deferred income		2,000	4,114
Other creditors		-	2,151
		66,748	81,229

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	22,046	27,464

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Global Food Technology Limited

Notes to the Unaudited Financial Statements for the Period from 31 July 2024 to 31 July 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	22,046	27,464

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,210	6,210
Other borrowings	49,874	45,166
	56,084	51,376

9	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	45,166	45,166
Advanced	(1,218)	(1,218)
Repaid	4,926	4,926
At end of period	48,874	48,874

2024	Key management £	Total £
At start of period	47,968	47,968
Advanced	(2,802)	(2,802)
At end of period	45,166	45,166