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Company Registration No. 11128712 (England and Wales)
Go-Tow Ltd Unaudited accounts for the year ended 31 January 2024
Go-Tow Ltd Unaudited accounts Contents
Page
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Go-Tow Ltd Company Information for the year ended 31 January 2024
Director
Mr C Boyle
Company Number
11128712 (England and Wales)
Registered Office
19 KEATING ROAD CORBY NN18 9FE UNITED KINGDOM
Accountants
Kingsbrook Accounting and Tax Services Limited 2 Kingsbrook Corby Northants NN189HY
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Go-Tow Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,436 
12,918 
Current assets
Inventories
9,324 
8,376 
Debtors
3,063 
3,013 
Cash at bank and in hand
4,556 
7,531 
16,943 
18,920 
Creditors: amounts falling due within one year
(14,095)
(11,995)
Net current assets
2,848 
6,925 
Total assets less current liabilities
12,284 
19,843 
Creditors: amounts falling due after more than one year
(5,687)
(9,610)
Net assets
6,597 
10,233 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,596 
10,232 
Shareholders' funds
6,597 
10,233 
For the year ending 31 January 2024 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 his 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 6 February 2024 and were signed on its behalf by
Mr C Boyle Director Company Registration No. 11128712
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Go-Tow Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Go-Tow Ltd is a private company, limited by shares, registered in England and Wales, registration number 11128712. The registered office is 19 KEATING ROAD, CORBY, NN18 9FE, UNITED KINGDOM.
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 following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
50% reducing balance
Motor vehicles
4 years straight line
Fixtures & fittings
25% reducing balance
Computer equipment
50% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
12,648 
20,295 
8,232 
2,341 
43,516 
Additions
397 
- 
- 
4,340 
4,737 
At 31 January 2024
13,045 
20,295 
8,232 
6,681 
48,253 
Depreciation
At 1 February 2023
10,461 
15,222 
3,625 
1,290 
30,598 
Charge for the year
646 
5,073 
1,152 
1,348 
8,219 
At 31 January 2024
11,107 
20,295 
4,777 
2,638 
38,817 
Net book value
At 31 January 2024
1,938 
- 
3,455 
4,043 
9,436 
At 31 January 2023
2,187 
5,073 
4,607 
1,051 
12,918 
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Go-Tow Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
(50)
Other debtors
3,063 
3,063 
3,063 
3,013 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,476 
4,476 
VAT
1,362 
1,620 
Trade creditors
- 
428 
Taxes and social security
7,547 
4,863 
Other creditors
112 
10 
Loans from directors
248 
248 
Accruals
350 
350 
14,095 
11,995 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,687 
9,610 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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