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
Go-Tow Ltd
Company Information
for the year ended 31 January 2024
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
Go-Tow Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
9,436
12,918
Cash at bank and in hand
4,556
7,531
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)
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
Go-Tow Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Go-Tow Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,476
4,476
Taxes and social security
7,547
4,863
Loans from directors
248
248
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).