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REGISTERED NUMBER: 10560003 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Goode & Smith Group Holdings Limited

Goode & Smith Group Holdings Limited (Registered number: 10560003)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goode & Smith Group Holdings Limited

Company Information
for the Year Ended 31 March 2023







Directors: N W Goode
A B Goode
P G Smith





Registered office: 25 Brownfields
Welwyn Garden City
Hertfordshire
AL7 1AN





Registered number: 10560003 (England and Wales)





Accountants: Jordan Thomas Lane
135 High Street
Great Abington
Cambridgeshire
CB21 6AE

Goode & Smith Group Holdings Limited (Registered number: 10560003)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 38,982 51,976
Investments 5 291 261
39,273 52,237

Current assets
Debtors 6 22,754 25,188
Cash at bank 68,257 96,977
91,011 122,165
Creditors
Amounts falling due within one year 7 33,367 32,156
Net current assets 57,644 90,009
Total assets less current liabilities 96,917 142,246

Creditors
Amounts falling due after more than one
year

8

(51,414

)

(91,045

)

Provisions for liabilities (7,407 ) (9,875 )
Net assets 38,096 41,326

Capital and reserves
Called up share capital 261 261
Retained earnings 37,835 41,065
38,096 41,326

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

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

The directors acknowledge their 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.

Goode & Smith Group Holdings Limited (Registered number: 10560003)

Balance Sheet - continued
31 March 2023


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 Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





P G Smith - Director


Goode & Smith Group Holdings Limited (Registered number: 10560003)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Goode & Smith Group Holdings Limited 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
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

Goode & Smith Group Holdings Limited (Registered number: 10560003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 80,880
DEPRECIATION
At 1 April 2022 28,904
Charge for year 12,994
At 31 March 2023 41,898
NET BOOK VALUE
At 31 March 2023 38,982
At 31 March 2022 51,976

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 261
Additions 30
At 31 March 2023 291
NET BOOK VALUE
At 31 March 2023 291
At 31 March 2022 261

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 20,807 22,107
Prepayments and accrued income 1,947 3,081
22,754 25,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 10,000 10,000
Trade creditors 457 300
Tax 2,615 4,883
Social security and other taxes 6,060 3,259
VAT 12,536 12,468
Other creditors 1,209 756
Directors' loan accounts 100 100
Accrued expenses 390 390
33,367 32,156

Goode & Smith Group Holdings Limited (Registered number: 10560003)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 51,414 91,045