Purpose Driven Foods Limited
Unaudited Financial Statements
For the period ended 30 June 2025
Pages for Filing with Registrar
Company Registration No. 14111539 (England and Wales)
Purpose Driven Foods Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
Purpose Driven Foods Limited
Balance Sheet
As at 30 June 2025
Page 1
Period ended 30 June 2025
Year ended 31 May 2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
14,296
16,729
Tangible assets
4
39,021
7,501
53,317
24,230
Current assets
Stock
329,625
51,341
Debtors
5
195,460
68,033
Cash at bank and in hand
85,157
19,484
610,242
138,858
Creditors: amounts falling due within one year
6
(4,501,850)
(1,741,241)
Net current liabilities
(3,891,608)
(1,602,383)
Net liabilities
(3,838,291)
(1,578,153)
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
(3,838,301)
(1,578,163)
Total equity
(3,838,291)
(1,578,153)

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

For the financial period ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

Purpose Driven Foods Limited
Balance Sheet (Continued)
As at 30 June 2025
Page 2
The financial statements were approved by the board of directors and authorised for issue on 13 May 2026 and are signed on its behalf by:
B Calderhead
Director
Company Registration No. 14111539
Purpose Driven Foods Limited
Notes to the Financial Statements
For the period ended 30 June 2025
Page 3
1
Accounting policies
Company information

Purpose Driven Foods Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 City Garden Row, London, England, N1 8DW.

1.1
Reporting period

The current period financial statements cover the 13 month period from the 1 June 2024 to 30 June 2025. As such, the comparative figures in these financial statement are not comparable.

1.2
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.

1.3
Going concern

The company made a loss of £2,260,138 (2024: £1,333,083) during the period and had net liabilities of £3,838,291 (2024: £1,578,153) at the period end. The directors, however, consider the company to be a going concern and will continue to support the company in meeting its liabilities as they fall due.The directors have confirmed that funds lent to the company by way of loans will only be repaid when the company is in a position to do so.

1.4
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided through the Company's online sales platform, and is shown net of VAT and other sales-related taxes. The fair value of consideration takes into account trade discounts, settlement discounts, and volume rebates, including any promotional offers or bundled pricing.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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.

Delivery revenue is recognised when the customer goods are d i spatched and delivered. Revenue from events is recognised at the point at which the event occurs.

1.5
Research and development expenditure

Research expenditure, such as brand development and product testing costs, are written off against profits in the year in which they are incurred.

Purpose Driven Foods Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
1
Accounting policies
(Continued)
Page 4
1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Website development
20% Straight Line
1.7
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:

Fixtures and fittings
33% straight line
Computers
33% straight line

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.

1.8
Stock

Stock 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 stock to their present location and condition.

Stock 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 stock 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.

1.9
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.10
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic financial instruments measured at fair value.

Purpose Driven Foods Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
1
Accounting policies
(Continued)
Page 5
1.11
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.

1.12
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.13
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
Employees

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

30 June
31 May
2025
2024
Number
Number
Total
13
7
Purpose Driven Foods Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
Page 6
3
Intangible fixed assets
Website development
£
Cost
At 1 June 2024
18,250
At 30 June 2025
18,250
Amortisation and impairment
At 1 June 2024
1,521
Amortisation charged for the period
2,433
At 30 June 2025
3,954
Carrying amount
At 30 June 2025
14,296
At 31 May 2024
16,729
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 June 2024
749
8,649
9,398
Additions
24,622
15,763
40,385
At 30 June 2025
25,371
24,412
49,783
Depreciation and impairment
At 1 June 2024
166
1,731
1,897
Depreciation charged in the period
2,764
6,101
8,865
At 30 June 2025
2,930
7,832
10,762
Carrying amount
At 30 June 2025
22,441
16,580
39,021
At 31 May 2024
583
6,918
7,501
Purpose Driven Foods Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
Page 7
5
Debtors
30 June
31 May
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
32,088
-
0
Other debtors
106,076
64,906
Prepayments and accrued income
57,296
3,127
195,460
68,033
6
Creditors: amounts falling due within one year
30 June
31 May
2025
2024
£
£
Trade creditors
320,280
60,655
Other creditors
4,177,310
1,676,536
Accruals and deferred income
4,260
4,050
4,501,850
1,741,241
7
Called up share capital
30 June
31 May
30 June
31 May
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 1p each
1,000
1,000
10
10
8
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum payments under non-cancellable operating leases, as follows:

30 June
31 May
2025
2024
£
£
286,481
18,000
Purpose Driven Foods Limited
Notes to the Financial Statements (Continued)
For the period ended 30 June 2025
Page 8
9
Related party transactions

At the balance sheet date, a total of £4,169,538 (31 May 2024: 1,675,071) w as owed by the company to a director. The loan is unsecured, interest free and repayable on demand.

10
Ultimate controlling party

The ultimate controlling party is Mr T Redwood by way of his majority holding of the issued share capital.

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