IRIS Accounts Production v23.2.0.158 07240073 Board of Directors 1.4.22 31.3.23 31.3.23 20.9.23 0 0 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 07240073 2022-03-31 07240073 2023-03-31 07240073 2022-04-01 2023-03-31 07240073 2021-03-31 07240073 2021-04-01 2022-03-31 07240073 2022-03-31 07240073 ns16:EnglandWales 2022-04-01 2023-03-31 07240073 ns15:PoundSterling 2022-04-01 2023-03-31 07240073 ns11:Director1 2022-04-01 2023-03-31 07240073 ns11:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 07240073 ns11:SmallEntities 2022-04-01 2023-03-31 07240073 ns11:Audited 2022-04-01 2023-03-31 07240073 ns11:SmallCompaniesRegimeForDirectorsReport 2022-04-01 2023-03-31 07240073 ns11:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 07240073 ns11:FullAccounts 2022-04-01 2023-03-31 07240073 ns11:Director2 2022-04-01 2023-03-31 07240073 ns11:CompanySecretary1 2022-04-01 2023-03-31 07240073 ns11:RegisteredOffice 2022-04-01 2023-03-31 07240073 ns6:CurrentFinancialInstruments 2023-03-31 07240073 ns6:CurrentFinancialInstruments 2022-03-31 07240073 ns6:Non-currentFinancialInstruments 2023-03-31 07240073 ns6:Non-currentFinancialInstruments 2022-03-31 07240073 ns6:RetainedEarningsAccumulatedLosses 2023-03-31 07240073 ns6:RetainedEarningsAccumulatedLosses 2022-03-31 07240073 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2023-03-31 07240073 ns6:WithinOneYear ns6:CurrentFinancialInstruments 2022-03-31

REGISTERED NUMBER: 07240073 (England and Wales)

GOFAL ENTERPRISES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

| GOFAL ENTERPRISES LTD (REGISTERED NUMBER: 07240073) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| GOFAL ENTERPRISES LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

| DIRECTORS: | E R W Hilton

| M J Cole

| SECRETARY: | M J Cole

| REGISTERED OFFICE: | Beaufort House

| Beaufort Road

| Morriston

| Swansea

| SA6 8JG

| REGISTERED NUMBER: | 07240073 (England and Wales)

| AUDITORS: | Bevan Buckland LLP

| Chartered Accountants

| And Statutory Auditors

| Ground Floor Cardigan House

| Castle Court

| Swansea Enterprise Park

| Swansea

| SA7 9LA

| GOFAL ENTERPRISES LTD (REGISTERED NUMBER: 07240073) |

BALANCE SHEET

31 MARCH 2023

| 2023 |  | 2022

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 4 | 450 |  | - |  |

Cash at bank | 200 |  | 271 |  |

650 |  | 271 |  |

CREDITORS

Amounts falling due within one year | 5 | 7,515 |  | 3,167 |  |

NET CURRENT LIABILITIES | (6,865 | ) | (2,896 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (6,865 | ) | (2,896 | ) |

CREDITORS

Amounts falling due after more than one year | 6 | 44,410 |  | 48,059 |  |

NET LIABILITIES | (51,275 | ) | (50,955 | ) |

RESERVES

Income and expenditure account | (51,275 | ) | (50,955 | ) |

(51,275 | ) | (50,955 | ) |

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 by the Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:

M J Cole - Director

| GOFAL ENTERPRISES LTD (REGISTERED NUMBER: 07240073) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. | STATUTORY INFORMATION

| Gofal Enterprises Ltd is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Preparation of consolidated financial statements

| The financial statements contain information about Gofal Enterprises Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, Platfform for Change, 2nd Floor Derwen House, 2 Court Road, Bridgend, Bridgend, CF31 1BN.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| The directors do not consider there to be any significant judgements and estimates in the financial statements, other than those already disclosed in detail as part of the individual accounting policies.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost. The investments are reviewed for impairment at each period end, with any impairment recognised through the P&L account where deemed required.

| Financial instruments

| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitute a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. debt instruments are subsequently measured at amortised cost.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| GOFAL ENTERPRISES LTD (REGISTERED NUMBER: 07240073) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

2. | ACCOUNTING POLICIES - continued

| Debtors

| Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

| Cash at bank and in hand

| Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

| Creditors and provisions

| Creditors and provisions are recognised where the company has a present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was NIL (2022 - NIL).

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Trade debtors | 450 |  | - |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans and overdrafts | 6,215 |  | 2,567 |  |

| Trade creditors | 700 |  | - |  |

| Other creditors | 600 |  | 600 |  |

7,515 |  | 3,167 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2023 | 2022 |

£ | £ |

| Bank loans | 44,410 |  | 48,059 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 19,549 |  | 21,968 |  |

7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Alison Vickers (Senior Statutory Auditor)

| for and on behalf of Bevan Buckland LLP

8. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Platfform for Change, charitablecompany registered in UK.