Caseware UK (AP4) 2021.0.152 2021.0.152 2022-07-312022-07-31truetrue2021-08-01falseIT training and consultancy services11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05497319 2021-08-01 2022-07-31 05497319 2020-08-01 2021-07-31 05497319 2022-07-31 05497319 2021-07-31 05497319 c:Director1 2021-08-01 2022-07-31 05497319 d:PlantMachinery 2021-08-01 2022-07-31 05497319 d:PlantMachinery 2022-07-31 05497319 d:PlantMachinery 2021-07-31 05497319 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 05497319 d:FurnitureFittings 2021-08-01 2022-07-31 05497319 d:FurnitureFittings 2022-07-31 05497319 d:FurnitureFittings 2021-07-31 05497319 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 05497319 d:OwnedOrFreeholdAssets 2021-08-01 2022-07-31 05497319 d:CurrentFinancialInstruments 2022-07-31 05497319 d:CurrentFinancialInstruments 2021-07-31 05497319 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05497319 d:CurrentFinancialInstruments d:WithinOneYear 2021-07-31 05497319 d:ShareCapital 2022-07-31 05497319 d:ShareCapital 2021-07-31 05497319 d:RetainedEarningsAccumulatedLosses 2022-07-31 05497319 d:RetainedEarningsAccumulatedLosses 2021-07-31 05497319 c:FRS102 2021-08-01 2022-07-31 05497319 c:AuditExempt-NoAccountantsReport 2021-08-01 2022-07-31 05497319 c:FullAccounts 2021-08-01 2022-07-31 05497319 c:PrivateLimitedCompanyLtd 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure
Registered number: 05497319






K GOFF M LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022










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K GOFF M LIMITED
REGISTERED NUMBER:05497319

BALANCE SHEET
AS AT 31 JULY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
361
482

  
361
482

Current assets
  

Debtors: amounts falling due within one year
 5 
15,106
10,829

Cash at bank and in hand
 6 
55,477
69,052

  
70,583
79,881

Creditors: amounts falling due within one year
 7 
(28,673)
(55,531)

Net current assets
  
 
 
41,910
 
 
24,350

Total assets less current liabilities
  
42,271
24,832

  

Net assets
  
42,271
24,832


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
41,271
23,832

  
42,271
24,832


Page 1

 
K GOFF M LIMITED
REGISTERED NUMBER:05497319
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




K R Goff
Director

Date: 9 September 2022

Page 2

 
K GOFF M LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

1.


General information

K Goff M Limited is a private company limited by shares, incorporated in England and Wales.  Its registered office is 17 Paignton Close, Rayleigh, Essex SS6 9PW.
The principal activity of the company continued to be that of  IT training and consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
K GOFF M LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
K GOFF M LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Tangible fixed assets





Plant & machinery
Fixtures & fittings
Total

£
£
£



Cost or valuation


At 1 August 2021
2,613
159
2,772



At 31 July 2022

2,613
159
2,772



Depreciation


At 1 August 2021
2,158
132
2,290


Charge for the year on owned assets
114
7
121



At 31 July 2022

2,272
139
2,411



Net book value



At 31 July 2022
341
20
361



At 31 July 2021
455
27
482

Page 5

 
K GOFF M LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022

5.


Debtors

2022
2021
£
£


Trade debtors
15,106
10,829

15,106
10,829



6.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
55,477
69,052

55,477
69,052



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,134
378

Other taxation and social security
10,819
14,552

Other creditors
16,322
40,221

Accruals and deferred income
398
380

28,673
55,531


 
Page 6