GOURMET ASSOCIATES LIMITED

GOURMET ASSOCIATES LIMITED
Balance Sheet
As at 31 October 2025

	Notes	2025 £	2024 £
Fixed assets
Intangible fixed assets	3	120,000	120,000
Tangible fixed assets	4	340,469	387,759
		460,469	507,759
Current assets
Stocks	5	3,571	6,583
Debtors: amounts falling due within one year	6	6,137	6,293
Cash at bank and in hand		25,786	85,532
		35,494	98,408
Creditors: amount falling due within one year	7	(719,656)	(671,656)
Net current assets		(684,162)	(573,248)

Total assets less current liabilities		(223,693)	(65,489)
Net assets		(223,693)	(65,489)

Capital and reserves
Called up share capital	8	900,000	900,000
Profit and loss account		(1,123,693)	(965,489)
Shareholders' funds		(223,693)	(65,489)

For the year ended 31 October 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 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the board of directors on 22 July 2026 and were signed on its behalf by:

-------------------------------
Jaspreet Singh Sandhu
Director

GOURMET ASSOCIATES LIMITED
Notes to the Financial Statements
For the year ended 31 October 2025

General Information

GOURMET ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12986188, registration address 65 Nascot Wood Road, Watford, England, WD17 4SJ.

Accounting policies

Significant accounting policies

"These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. the accounting policy FRS102 A under accounting"

Going concern basis

Although the balance sheet is negative, the directors have indicated their intention to support the company for the foreseeable future, a period not expected to be less than one year.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 16 (2024 : 16).

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 November 2024	120,000	120,000
Additions	-	-
Disposals	-	-
At 31 October 2025	120,000	120,000
Net book values
At 31 October 2025	120,000	120,000
At 31 October 2024	120,000	120,000

Tangible fixed assets

Cost or valuation	Leasehold Property	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 November 2024	437,589	106,610	37,222	1,433	582,854
Additions	-	650	500	-	1,150
Disposals	-	-	-	-	-
At 31 October 2025	437,589	107,260	37,722	1,433	584,004
Depreciation
At 01 November 2024	112,346	61,306	20,786	657	195,095
Charge for year	32,524	11,488	4,234	194	48,440
On disposals	-	-	-	-	-
At 31 October 2025	144,870	72,794	25,020	851	243,535
Net book values
Closing balance as at 31 October 2025	292,719	34,466	12,702	582	340,469
Opening balance as at 01 November 2024	325,243	45,304	16,436	776	387,759

Stocks

	2025 £		2024 £
Stocks	3,571		6,583
	3,571		6,583

Debtors: amounts falling due within one year

	2025 £		2024 £
Prepayments & Accrued Income	6,137		6,293
	6,137		6,293

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	463,815	416,899
Other loans	204,650	184,000
PAYE & Social Security	21,487	11,277
Accrued Expenses	5,000	10,000
Pensions Payable	386	716
Wages & Salaries Control Account	13,657	23,455
VAT	10,661	25,309
	719,656	671,656

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
900,000 Class A shares of £1.00 each	900,000		900,000
	900,000		900,000

Registered Number: 12986188
England and Wales
GOURMET ASSOCIATES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 November 2024 End date: 31 October 2025