Steve Gould Ltd 09542343 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is general subcontract of construction works. Digita Accounts Production Advanced 6.30.9574.0 true true 09542343 2022-04-01 2023-03-31 09542343 2023-03-31 09542343 bus:Director1 1 2023-03-31 09542343 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2023-03-31 09542343 core:CurrentFinancialInstruments 2023-03-31 09542343 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09542343 bus:SmallEntities 2022-04-01 2023-03-31 09542343 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09542343 bus:FullAccounts 2022-04-01 2023-03-31 09542343 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09542343 bus:RegisteredOffice 2022-04-01 2023-03-31 09542343 bus:CompanySecretary1 2022-04-01 2023-03-31 09542343 bus:Director1 2022-04-01 2023-03-31 09542343 bus:Director1 1 2022-04-01 2023-03-31 09542343 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-04-01 2023-03-31 09542343 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09542343 bus:Agent1 2022-04-01 2023-03-31 09542343 countries:EnglandWales 2022-04-01 2023-03-31 09542343 bus:Director1 1 2022-03-31 09542343 2021-04-01 2022-03-31 09542343 2022-03-31 09542343 bus:Director1 1 2022-03-31 09542343 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2022-03-31 09542343 core:CurrentFinancialInstruments 2022-03-31 09542343 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 09542343 bus:Director1 1 2021-04-01 2022-03-31 09542343 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2021-04-01 2022-03-31 09542343 bus:Director1 1 2021-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09542343

Steve Gould Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Steve Gould Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Steve Gould Ltd

Company Information

Director

Mr Stephen Michael Gould

Company secretary

Mrs Jennifer May Gould

Registered office

5 Cheshire Close
Priory Road
Hull
East Yorkshire
HU5 5XS

Bankers

Lloyds Bank
Silver Street
Hull

Accountants

Flexibility Professional Services (UK) Ltd
Cherry Tree Court
36 Ferensway
Hull
East Yorkshire
HU2 8NH

 

Steve Gould Ltd

(Registration number: 09542343)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

18,696

14,559

Cash at bank and in hand

 

719

565

 

19,415

15,124

Creditors: Amounts falling due within one year

5

(7,283)

(4,043)

Net assets

 

12,132

11,081

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

12,032

10,981

Shareholders' funds

 

12,132

11,081

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 his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 March 2024
 

.........................................
Mr Stephen Michael Gould
Director

 

Steve Gould Ltd

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 England and Wales.

The address of its registered office is:
5 Cheshire Close
Priory Road
Hull
East Yorkshire
HU5 5XS
United Kingdom

These financial statements were authorised for issue by the director on 25 March 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

Steve Gould Ltd

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

Government grants

Government grants are charged to the Profit and Loss account on accrual basis unless they are connected to an asset purchase in which case they amortised over the life of the asset. Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of comprehensive income at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Steve Gould Ltd

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

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

4

Debtors

Current

2023
£

2022
£

Trade debtors

1,176

1,630

Other debtors

17,520

12,929

 

18,696

14,559

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

7,283

4,043

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary £1 of £1 each

100

100

100

100

         

7

Dividends

Interim dividends paid

   

2023
£

 

2022
£

Interim dividend of £300.00 (2022 - £100.00) per each Ordinary £1

 

30,000

 

10,000

         
 

Steve Gould Ltd

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

8

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

Repayments by director
£

At 31 March 2023
£

Mr Stephen Michael Gould

Directors Loan Account

1,663

42,726

(30,000)

14,389

         
       

 

2022

At 1 April 2021
£

Advances to director
£

Repayments by director
£

At 31 March 2022
£

Mr Stephen Michael Gould

Directors Loan Account

(4,637)

16,300

(10,000)

1,663

         
       

 

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

11,908

8,840

Dividends paid to directors

   

2023
£

 

2022
£

Mr Stephen Michael Gould

       

Ordinary £1

 

30,000

 

10,000