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REGISTERED NUMBER: 04086062 (England and Wales)















GOAD HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


GOAD HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: C T Goad
Miss P A L V Goad
Mrs S Lewin





SECRETARY: Mrs S Lewin





REGISTERED OFFICE: Unit 1 Kirton Business Park
Cleatham Road
Kirton In Lindsey
North Lincolnshire
DN21 4JR





REGISTERED NUMBER: 04086062 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 870,404 852,227
Investments 5 209,114 209,114
1,079,518 1,061,341

CURRENT ASSETS
Debtors 6 2,795 3,719
Cash at bank 40 347
2,835 4,066
CREDITORS
Amounts falling due within one year 7 155,167 123,749
NET CURRENT LIABILITIES (152,332 ) (119,683 )
TOTAL ASSETS LESS CURRENT LIABILITIES 927,186 941,658

CREDITORS
Amounts falling due after more than one year 8 (176,154 ) (459,285 )

PROVISIONS FOR LIABILITIES (100,960 ) (95,665 )
NET ASSETS 650,072 386,708

CAPITAL AND RESERVES
Called up share capital 10 1,152 1,152
Share premium 208,014 208,014
Revaluation reserve 11 306,828 319,626
Retained earnings 134,078 (142,084 )
SHAREHOLDERS' FUNDS 650,072 386,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Income Statement has not been delivered.

The financial statements were approved the Board of Directors and authorised for issue on 12 July 2022 and were signed on its behalf by:





C T Goad - Director


GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Goad Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts charged to customers for services provided during the year, excluding value added tax. Revenue is recognised in the period in which services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 2% on cost
Plant and machinery etc - 25% on cost and 15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 949,089 732,135 1,681,224
Additions - 115,072 115,072
Disposals - (12,819 ) (12,819 )
At 31 December 2021 949,089 834,388 1,783,477
DEPRECIATION
At 1 January 2021 256,367 572,630 828,997
Charge for year 30,909 65,719 96,628
Eliminated on disposal - (12,552 ) (12,552 )
At 31 December 2021 287,276 625,797 913,073
NET BOOK VALUE
At 31 December 2021 661,813 208,591 870,404
At 31 December 2020 692,722 159,505 852,227

Cost or valuation at 31 December 2021 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2011 381,848 - 381,848
Cost 567,241 834,388 1,401,629
949,089 834,388 1,783,477

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 209,114
NET BOOK VALUE
At 31 December 2021 209,114
At 31 December 2020 209,114

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 2,795 3,719

GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 119,872 114,834
Hire purchase contracts 30,065 5,500
Other creditors 5,230 3,415
155,167 123,749

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 30,661 150,653
Hire purchase contracts 25,353 957
Amounts owed to group undertakings 120,140 307,675
176,154 459,285

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 150,533 265,487
Hire purchase contracts 55,418 6,457
205,951 271,944

Bank debt is secured by way of a debenture dated 20 April 2011 granting fixed and floating charges over the assets of the company, and by a legal charge over the company's business premises.

In addition, group borrowings are subject to an unlimited cross guarantee agreement between the company and its subsidiary undertakings.

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
950 Ordinary £1 950 950
200 "B" Ordinary £1 200 200
2 "C" Ordinary £1 2 2
1,152 1,152

GOAD HOLDINGS LIMITED (REGISTERED NUMBER: 04086062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

11. RESERVES
Revaluation
reserve
£   
At 1 January 2021 319,626
Transfer of amount equivalent
to additional depreciation on
revalued assets (12,798 )

At 31 December 2021 306,828

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have an overdrawn directors loan account, totalling £930 (2020: £3,719). During the year the directors withdrew £nil (2020: nil) from the company.

13. CONSOLIDATED ACCOUNTS

These financial statements are that of Goad Holdings only. No consolidation of accounts have been prepared with the company and its subsidiary.