Registered number
02126896
Goodwille Limited
Filleted Accounts
30 April 2022
Goodwille Limited
Registered number: 02126896
Balance Sheet
as at 30 April 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 71,307 57,887
Investments 4 52 52
71,359 57,939
Current assets
Debtors 5 579,886 490,831
Cash at bank and in hand 1,828,861 1,383,758
2,408,747 1,874,589
Creditors: amounts falling due within one year 6 (1,084,060) (696,563)
Net current assets 1,324,687 1,178,026
Net assets 1,396,046 1,235,965
Capital and reserves
Called up share capital 100 100
Capital redemption reserve 1 1
Profit and loss account 1,395,945 1,235,864
Shareholders' funds 1,396,046 1,235,965
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G.A.J. Goodwille S.L.S. Adde
Director Director
Approved by the board on 25 July 2022
Goodwille Limited
Notes to the Accounts
for the year ended 30 April 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover consists of revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer and office equipment over 3 years
Furniture, fixtures and fittings over 5 years
Leasehold improvements over the lease term
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company makes payments to the defined contribution pension schemes of qualifying directors and employees. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 40 36
3 Tangible fixed assets
Leasehold improvements Furniture, fittings and equipment Total
£ £ £
Cost
At 1 May 2021 43,234 209,092 252,326
Additions 3,443 36,546 39,989
At 30 April 2022 46,677 245,638 292,315
Depreciation
At 1 May 2021 22,192 172,247 194,439
Charge for the year 3,468 23,101 26,569
At 30 April 2022 25,660 195,348 221,008
Net book value
At 30 April 2022 21,017 50,290 71,307
At 30 April 2021 21,042 36,845 57,887
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 May 2021 2 50 52
At 30 April 2022 2 50 52
5 Debtors 2022 2021
£ £
Trade debtors 459,871 403,657
Amounts owed by group undertakings and undertakings in which the company has a participating interest 850 850
Other debtors 119,165 86,324
579,886 490,831
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 49,877 46,767
Corporation tax 78,661 49,149
Other taxes and social security costs 259,782 205,601
Other creditors 695,740 395,046
1,084,060 696,563
7 Other financial commitments 2022 2021
£ £
Total future minimum payments under non-cancellable operating leases 64,917 433,775
8 Related party transactions 2022 2021
£ £
Transactions with companies in which Goodwille Limited has a participating interest:
Amount due from (to) such related parties 850 850
Dividends receivable from such related parties 9,094 25,000
9 Other information
Goodwille Limited is a private company limited by shares and incorporated in England. Its registered office is:
24 Old Queen Street
London
SW1H 9HP
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