Registered number
10605915
The Good Neighbour Group Ltd
Filleted Accounts
28 February 2023
The Good Neighbour Group Ltd
Registered number: 10605915
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 218,106 252,312
Current assets
Stocks 6,500 6,500
Debtors 4 63,846 62,805
Cash at bank and in hand 13,224 34,801
83,570 104,106
Creditors: amounts falling due within one year 5 (425,908) (459,537)
Net current liabilities (342,338) (355,431)
Total assets less current liabilities (124,232) (103,119)
Creditors: amounts falling due after more than one year 6 (41,712) (37,216)
Net liabilities (165,944) (140,335)
Capital and reserves
Called up share capital 100 100
Profit and loss account (166,044) (140,435)
Shareholder's funds (165,944) (140,335)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Paul Anthony Williamson
Director
Approved by the board on 9 November 2023
The Good Neighbour Group Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 27
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2022 226,128 127,903 354,031
Additions - 4,127 4,127
At 28 February 2023 226,128 132,030 358,158
Depreciation
At 1 March 2022 54,930 46,789 101,719
Charge for the year 17,023 21,310 38,333
At 28 February 2023 71,953 68,099 140,052
Net book value
At 28 February 2023 154,175 63,931 218,106
At 28 February 2022 171,198 81,114 252,312
4 Debtors 2023 2022
£ £
Trade debtors 5,287 6,498
Other debtors 58,559 56,307
63,846 62,805
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loan due to Covid-19 - 9,647
Trade creditors 40,170 42,856
Taxation and social security costs 71,244 36,522
Directors loan account 272,083 299,401
Other creditors 42,411 71,111
425,908 459,537
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan due to Covid-19 41,712 37,216
7 Other information
The Good Neighbour Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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