Company Registration No. 06755769 (England and Wales)
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Unaudited accounts
for the year ended 31 December 2023
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Unaudited accounts
Contents
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Company Information
for the year ended 31 December 2023
Directors
Mr Paul Goodings
Mrs Marie Goodings
Company Number
06755769 (England and Wales)
Registered Office
2 Regent Road
Lowestoft
NR32 1PA
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
89,986
84,741
Investment property
200,000
200,000
Cash at bank and in hand
66,399
151,544
Creditors: amounts falling due within one year
(6,272)
(20,872)
Net current assets
162,691
214,538
Net assets
452,677
499,279
Called up share capital
2
2
Profit and loss account
452,675
499,277
Shareholders' funds
452,677
499,279
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 March 2024 and were signed on its behalf by
Mr Paul Goodings
Director
Company Registration No. 06755769
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
GOODINGS BUILDERS (EAST ANGLIA) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06755769. The registered office is 2 Regent Road, Lowestoft, NR32 1PA.
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
15% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
GOODINGS BUILDERS (EAST ANGLIA) LIMITED
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
44,048
123,610
9,490
1,238
178,386
Additions
-
-
-
1,082
1,082
At 31 December 2023
44,048
123,610
9,490
2,320
179,468
At 1 January 2023
2,413
84,542
6,074
616
93,645
Charge for the year
-
7,809
683
341
8,833
Surplus on revaluation
-
(12,996)
-
-
(12,996)
At 31 December 2023
2,413
79,355
6,757
957
89,482
At 31 December 2023
41,635
44,255
2,733
1,363
89,986
At 31 December 2022
41,635
39,068
3,416
622
84,741
Fair value at 1 January 2023
200,000
At 31 December 2023
200,000
Amounts falling due within one year
Trade debtors
100,000
82,733
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
5,454
17,097
Taxes and social security
818
1,481
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).