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Company Registration No. 12385813 (England and Wales)
Good Governance Consultants Ltd Unaudited accounts for the year ended 31 December 2022
Good Governance Consultants Ltd Unaudited accounts Contents
Page
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Good Governance Consultants Ltd Company Information for the year ended 31 December 2022
Directors
Miichael Thomson Sandra Ramdas
Company Number
12385813 (England and Wales)
Registered Office
31 Harrington Road Brighton BN1 6RF
Accountants
Batchelor & Co Ravenstone The Grove Battle TN33 0UN
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Good Governance Consultants Ltd Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,073 
28,773 
Current assets
Debtors
20,857 
3,185 
Cash at bank and in hand
4,435 
20,614 
25,292 
23,799 
Creditors: amounts falling due within one year
(23,271)
(22,026)
Net current assets
2,021 
1,773 
Total assets less current liabilities
25,094 
30,546 
Creditors: amounts falling due after more than one year
(19,681)
(23,325)
Provisions for liabilities
Deferred tax
(4,700)
(5,500)
Net assets
713 
1,721 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
613 
1,621 
Shareholders' funds
713 
1,721 
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 23 January 2023 and were signed on its behalf by
Miichael Thomson Director Company Registration No. 12385813
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Good Governance Consultants Ltd Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Good Governance Consultants Ltd is a private company, limited by shares, registered in England and Wales, registration number 12385813. The registered office is 31 Harrington Road, Brighton, BN1 6RF.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the rate of 20% on a reducing balance basis in order to write off the assets over their estimated useful lives:
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Good Governance Consultants Ltd Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
29,307 
458 
29,765 
Additions
- 
67 
67 
At 31 December 2022
29,307 
525 
29,832 
Depreciation
At 1 January 2022
976 
16 
992 
Charge for the year
5,666 
101 
5,767 
At 31 December 2022
6,642 
117 
6,759 
Net book value
At 31 December 2022
22,665 
408 
23,073 
At 31 December 2021
28,331 
442 
28,773 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
360 
Accrued income and prepayments
905 
429 
Other debtors
18,322 
383 
19,227 
1,172 
Amounts falling due after more than one year
Other debtors
1,630 
2,013 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
4,685 
2,802 
Obligations under finance leases and hire purchase contracts
3,712 
3,684 
Trade creditors
- 
273 
Taxes and social security
14,049 
1,020 
Proposed dividends
- 
6,000 
Loans from directors
- 
7,647 
Accruals
825 
600 
23,271 
22,026 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
19,681 
23,325 
8
Loans to directors
During the year the company made an interest-free advance to a director totalling £18,000. It was repayable on demand.
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Good Governance Consultants Ltd Notes to the Accounts for the year ended 31 December 2022
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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