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Company Registration No. 07954584 (England and Wales)
THE GOOD VAN COMPANY LIMITED Unaudited accounts for the year ended 31 March 2023
THE GOOD VAN COMPANY LIMITED Unaudited accounts Contents
Page
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THE GOOD VAN COMPANY LIMITED Company Information for the year ended 31 March 2023
Director
Mark Jenkinson
Company Number
07954584 (England and Wales)
Registered Office
372/374 BROOK STREET ASHTON PRESTON LANCASHIRE PR2 3AH
Accountants
BRJF Accountants Unit 12 Guest House Farm Leyland Euxton Lancashire PR7 6HD
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THE GOOD VAN COMPANY LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,133 
14,012 
Current assets
Inventories
1,024,455 
1,061,086 
Debtors
81,637 
111,123 
Cash at bank and in hand
45,254 
131,552 
1,151,346 
1,303,761 
Creditors: amounts falling due within one year
(791,962)
(898,466)
Net current assets
359,384 
405,295 
Total assets less current liabilities
370,517 
419,307 
Provisions for liabilities
Deferred tax
- 
(2,663)
Net assets
370,517 
416,644 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
370,516 
416,643 
Shareholders' funds
370,517 
416,644 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 October 2023 and were signed on its behalf by
Mark Jenkinson Director Company Registration No. 07954584
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THE GOOD VAN COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
THE GOOD VAN COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07954584. The registered office is 372/374 BROOK STREET, ASHTON, PRESTON, LANCASHIRE, PR2 3AH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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THE GOOD VAN COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
21,215 
2,555 
23,770 
At 31 March 2023
21,215 
2,555 
23,770 
Depreciation
At 1 April 2022
8,707 
1,051 
9,758 
Charge for the year
2,502 
377 
2,879 
At 31 March 2023
11,209 
1,428 
12,637 
Net book value
At 31 March 2023
10,006 
1,127 
11,133 
At 31 March 2022
12,508 
1,504 
14,012 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,011 
20,384 
Deferred tax asset
94 
Accrued income and prepayments
25,000 
25,000 
Other debtors
1,425 
1,424 
42,530 
46,808 
Amounts falling due after more than one year
Accrued income and prepayments
39,107 
64,315 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
52,749 
8,332 
Trade creditors
18,938 
72,665 
Taxes and social security
22,536 
36,360 
Other creditors
682,700 
756,404 
Loans from directors
16 
95 
Accruals
15,023 
24,610 
791,962 
898,466 
Included above are £683,401 (2022: £756,404) of creditors which are secured on the company's stock.
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THE GOOD VAN COMPANY LIMITED Notes to the Accounts for the year ended 31 March 2023
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
2,116 
2,663 
Tax losses carried forward
(2,210)
- 
(94)
2,663 
2023 
2022 
£ 
£ 
Provision at start of year
2,663 
3,352 
Credited to the profit and loss account
(2,757)
(689)
Provision at end of year
(94)
2,663 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
As of 31 March 2022, the company owed the director £17.18 (2022: £95.87) in respect of the balance on his director's loan account. The loan is interest free and is repayable to the director on demand.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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