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Registration number: 10974881

Good Time Charlies Wrexham Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Good Time Charlies Wrexham Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Good Time Charlies Wrexham Limited

(Registration number: 10974881)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

798

1,589

Current assets

 

Stocks

2,486

949

Debtors

5

51,466

36,793

Cash at bank and in hand

 

3,018

6,953

 

56,970

44,695

Creditors: Amounts falling due within one year

6

(22,128)

(14,058)

Net current assets

 

34,842

30,637

Total assets less current liabilities

 

35,640

32,226

Creditors: Amounts falling due after more than one year

6

(29,909)

(30,717)

Net assets

 

5,731

1,509

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

4,731

509

Shareholders' funds

 

5,731

1,509

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Good Time Charlies Wrexham Limited

(Registration number: 10974881)
Balance Sheet as at 31 March 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 12 March 2024
 

.........................................
Ms C J Roberts
Director

 

Good Time Charlies Wrexham Limited

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

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
Unit 106 Coed Aben Road
Wrexham Industrial Estate
Wrexham
LL13 9UH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

 

Good Time Charlies Wrexham Limited

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

Tax

The tax expense for the period comprises tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2022 - 1).

4

Tangible assets

Fixtures, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

131,358

131,358

At 31 March 2023

131,358

131,358

Depreciation

At 1 April 2022

129,769

129,769

Charge for the year

791

791

At 31 March 2023

130,560

130,560

Carrying amount

At 31 March 2023

798

798

At 31 March 2022

1,589

1,589

 

Good Time Charlies Wrexham Limited

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

5

Debtors

2023
£

2022
£

Amounts owed by group undertakings and participating interests

34,391

16,882

Other debtors

17,075

19,911

51,466

36,793

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans

4,850

9,700

Trade creditors

 

633

1,065

Taxation and social security

 

3,618

608

Other creditors

 

13,027

2,685

 

22,128

14,058

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Bank loans

29,909

30,717