GOLDEN ACRE FOODS LIMITED

1. GOLDEN ACRE FOODS LIMITED 2019-07-01 → present
2. GOLDEN ACRE DAIRY FOODS LIMITED 2003-07-07 → 2019-07-01

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company's business activities, together with the factors likely to affect its future development, performance and position are set out in the strategic report along with the risks and uncertainties facing the Company. The Company operates in the food industry, has numerous ongoing contracts with customers and suppliers across different geographic areas and has considerable financial resources. The Directors have a reasonable expectation that the Company is well placed to manage its business risks successfully and continue in operational existence for the foreseeable future. The Directors therefore consider it appropriate to adopt the going concern basis of accounting in preparing the Company's annual financial statements.”

Significant events

• “Turnover grew just 1.2% in 2024 to £127.7m (2023 - £126.2m) as fewer opportunities emerged in high volume lines. The business continued to expand sales in its World Foods category while there was some softening in retailer private label activity.”
• “Bird flu across much of the world badly affected chicken production and welfare, leading to a number of UK producers withdrawing from the market. Meanwhile foot and mouth disease continues to affect parts of Europe highlighting the importance of timely and accurate traceability across the industry.”
• “We are deeply concerned about the impacts of climate change. There has been no shortage of warnings. We acknowledge that the food industry is a major emitter of CO2 and are working actively with our suppliers to reduce our emissions. Our climate targets are to be Net Zero across Scopes 1 & 2 by 2030 and across our supply chain (Scope 3) by 2040.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.2%

  £126,198,215 → £127,745,062

• Cash

  +1.2%

  £4,034,032 → £4,082,179

• Net assets

  +7.2%

  £13,502,705 → £14,477,746

• Employees

  +6.3%

  63 → 67

• Operating profit

  +0.7%

  £4,517,804 → £4,548,102

• Profit before tax

  +1.1%

  £4,721,728 → £4,775,763

• Wages

  +6.4%

  £3,122,937 → £3,323,912

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers