1 September 2022 false Taxfiler 2023.10 true 11507142business:PrivateLimitedCompanyLtd2022-09-012023-08-31 115071422022-08-31 115071422022-09-012023-08-31 11507142business:AuditExemptWithAccountantsReport2022-09-012023-08-31 11507142business:FilletedAccounts2022-09-012023-08-31 115071422023-08-31 11507142business:Director12022-09-012023-08-31 11507142business:RegisteredOffice2022-09-012023-08-31 115071422022-08-31 11507142core:WithinOneYear2023-08-31 11507142core:WithinOneYear2022-08-31 11507142core:AfterOneYear2023-08-31 11507142core:AfterOneYear2022-08-31 11507142core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 11507142core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 11507142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 11507142core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 11507142core:PreviouslyStatedAmount2023-08-31 11507142core:PreviouslyStatedAmount2022-08-31 11507142business:SmallEntities2022-09-012023-08-31 11507142countries:EnglandWales2022-09-012023-08-31 11507142core:PlantMachinery2022-09-012023-08-31 11507142core:ComputerEquipment2022-09-012023-08-31 11507142core:FurnitureFittings2022-08-31 11507142core:ComputerEquipment2022-08-31 11507142core:FurnitureFittings2022-09-012023-08-31 11507142core:FurnitureFittings2023-08-31 11507142core:ComputerEquipment2023-08-31 115071422021-09-012022-08-31 iso4217:GBP xbrli:pure
Company Registration No. 11507142 (England and Wales)
GO Mortgages & Protection Ltd Unaudited accounts for the year ended 31 August 2023
GO Mortgages & Protection Ltd Unaudited accounts Contents
Page
- 2 -
GO Mortgages & Protection Ltd Company Information for the year ended 31 August 2023
Director
E C Green
Company Number
11507142 (England and Wales)
Registered Office
2 Bold Street Sandbach CW11 1GR
Accountants
Townley & Co Limited Warrington Business Centre 67 Bewsey Street Warrington WA2 7JQ
- 3 -
GO Mortgages & Protection Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,471 
1,583 
Current assets
Debtors
10,707 
14,452 
Cash at bank and in hand
5,217 
3,535 
15,924 
17,987 
Creditors: amounts falling due within one year
(21,821)
(18,090)
Net current liabilities
(5,897)
(103)
Total assets less current liabilities
(2,426)
1,480 
Creditors: amounts falling due after more than one year
(4,228)
(5,500)
Net liabilities
(6,654)
(4,020)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,655)
(4,021)
Shareholders' funds
(6,654)
(4,020)
For the year ending 31 August 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 her 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 17 November 2023 and were signed on its behalf by
E C Green Director Company Registration No. 11507142
- 4 -
GO Mortgages & Protection Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
GO Mortgages & Protection Ltd is a private company, limited by shares, registered in England and Wales, registration number 11507142. The registered office is 2 Bold Street, Sandbach, CW11 1GR.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. 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 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:
Plant & machinery
25% Reducing Balance Basis
Computer equipment
33% Straight Line Basis
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The financial statements have been prepared on a going concern basis due to the continued support of the company directors.
- 5 -
GO Mortgages & Protection Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
600 
3,091 
3,691 
Additions
907 
1,902 
2,809 
At 31 August 2023
1,507 
4,993 
6,500 
Depreciation
At 1 September 2022
347 
1,761 
2,108 
Charge for the year
177 
744 
921 
At 31 August 2023
524 
2,505 
3,029 
Net book value
At 31 August 2023
983 
2,488 
3,471 
At 31 August 2022
253 
1,330 
1,583 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,707 
14,452 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,000 
2,000 
Taxes and social security
15,288 
14,801 
Loans from directors
3,669 
425 
Accruals
864 
864 
21,821 
18,090 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,228 
5,500 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 6 -