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REGISTERED NUMBER: 07500563 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

IN GOOD COMPANY (LONDON) LTD

IN GOOD COMPANY (LONDON) LTD (REGISTERED NUMBER: 07500563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IN GOOD COMPANY (LONDON) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Ms C H Davies





REGISTERED OFFICE: Davies & Davies Building (3rd Floor)
85 Stroud Green Road
London
N4 3EG





REGISTERED NUMBER: 07500563 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

IN GOOD COMPANY (LONDON) LTD (REGISTERED NUMBER: 07500563)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 431 539

CURRENT ASSETS
Debtors 5 2,098 1,484
Cash at bank 8,204 8,474
10,302 9,958
CREDITORS
Amounts falling due within one year 6 13,373 12,094
NET CURRENT LIABILITIES (3,071 ) (2,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,640

)

(1,597

)

PROVISIONS FOR LIABILITIES 82 102
NET LIABILITIES (2,722 ) (1,699 )

CAPITAL AND RESERVES
Called up share capital 2 2
Profit and loss account (2,724 ) (1,701 )
(2,722 ) (1,699 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 13 November 2023 and were signed by:




Ms C H Davies - Director


IN GOOD COMPANY (LONDON) LTD (REGISTERED NUMBER: 07500563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

In Good Company (London) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value,over their expected useful lives on the following bases:

Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the balance sheet date the company had an excess of liabilities over assets of £2,722. Although the company made a loss in the period, turnover has increased and in the post yearend period the company re-branded and as a result has made inroads into new markets. The director has confirmed that trading continues on this upward trend in the post yearend period.

To this end the director continues to support the company by way of an interest free loan with no fixed term of repayment and, on this basis, consider it appropriate to prepare the accounts on a going concern basis.

IN GOOD COMPANY (LONDON) LTD (REGISTERED NUMBER: 07500563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 3,749
DEPRECIATION
At 1 February 2022 3,210
Charge for year 108
At 31 January 2023 3,318
NET BOOK VALUE
At 31 January 2023 431
At 31 January 2022 539

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,484 1,484
Other debtors 614 -
2,098 1,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1 -
Taxation and social security 75 765
Other creditors 13,297 11,329
13,373 12,094

7. RELATED PARTY DISCLOSURES

Included in Other Creditors is an amount of £2,377 owing to the director of the company. The loan is interest free and repayable on demand.