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Company Registration No. 08514827 (England and Wales)
Goodelectrics LTD Unaudited accounts for the year ended 31 March 2023
Goodelectrics LTD Unaudited accounts Contents
Page
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Goodelectrics LTD Company Information for the year ended 31 March 2023
Director
Simon Goodwin
Company Number
08514827 (England and Wales)
Registered Office
10 Brackley Close Cambridge CB4 2JW United Kingdom
Accountants
Delbeck Accountancy Newton Hall Town Street Newton Cambridge CB22 7ZE
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Goodelectrics LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
1,700 
Current assets
Debtors
1,890 
7,514 
Cash at bank and in hand
4,947 
12,000 
6,837 
19,514 
Creditors: amounts falling due within one year
20,438 
4,897 
Net current assets
27,275 
24,411 
Total assets less current liabilities
27,275 
26,111 
Creditors: amounts falling due after more than one year
(930)
(2,029)
Net assets
26,345 
24,082 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
26,344 
24,081 
Shareholders' funds
26,345 
24,082 
For the 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. 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 14 March 2024 and were signed on its behalf by
Simon Goodwin Director Company Registration No. 08514827
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Goodelectrics LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Goodelectrics LTD is a private company, limited by shares, registered in England and Wales, registration number 08514827. The registered office is 10 Brackley Close, Cambridge, CB4 2JW, 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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
33
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,000 
At 31 March 2023
5,000 
Depreciation
At 1 April 2022
3,300 
Charge for the year
1,700 
At 31 March 2023
5,000 
Net book value
At 31 March 2023
- 
At 31 March 2022
1,700 
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Goodelectrics LTD Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,890 
7,514 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
(20,438)
(4,897)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
930 
2,029 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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