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Company Registration No. 10525309 (England and Wales)
Good Clubs Limited Unaudited accounts for the year ended 30 September 2023
Good Clubs Limited Unaudited accounts Contents
Page
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Good Clubs Limited Company Information for the year ended 30 September 2023
Directors
Ben Patten Daniel Blackman Orlando Henry Lewis Wigan
Company Number
10525309 (England and Wales)
Registered Office
12-18 Hoxton Street Hackney London N1 6NG England
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Good Clubs Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
185,996 
232,030 
Current assets
Inventories
243,276 
379,603 
Debtors
252,381 
65,757 
Cash at bank and in hand
14,609 
311,542 
510,266 
756,902 
Creditors: amounts falling due within one year
(434,086)
(581,479)
Net current assets
76,180 
175,423 
Total assets less current liabilities
262,176 
407,453 
Creditors: amounts falling due after more than one year
(211,237)
(42,858)
Provisions for liabilities
Other provisions
- 
(10,012)
Net assets
50,939 
354,583 
Capital and reserves
Called up share capital
3 
3 
Share premium
7,365,921 
6,686,099 
Capital contribution reserve
287,970 
- 
Profit and loss account
(7,602,955)
(6,331,519)
Shareholders' funds
50,939 
354,583 
For the year ending 30 September 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 2 April 2024 and were signed on its behalf by
Ben Patten Director Company Registration No. 10525309
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Good Clubs Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Good Clubs Limited is a private company, limited by shares, registered in England and Wales, registration number 10525309. The registered office is 12-18 Hoxton Street, Hackney, London, N1 6NG, England.
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 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.
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
Straight Line at 25%
Fixtures & fittings
Straight Line at 10%
Computer equipment
Straight Line at 33.3%
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Research and Development Tax Credit
During the Financial Year, Good Clubs Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
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Good Clubs Limited Notes to the Accounts for the year ended 30 September 2023
Critical Accounting Judgements and Key Sources of Estimation Uncertainty
In the application of the Company's accounting policies, which are described above, the directors are required to make judgement, estimates and assumptions about the carrying amounts of the assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.
Critical Judgements in applying the Company's accounting policies
There are no critical accounting judgements in applying the Company's accounting policies.
Key Sources of estimation uncertainty
There are no key assumptions concerning the future, or other key sources of estimation uncertainty at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
238,134 
2,728 
12,888 
253,750 
Additions
22,533 
- 
- 
22,533 
At 30 September 2023
260,667 
2,728 
12,888 
276,283 
Depreciation
At 1 October 2022
12,237 
295 
9,188 
21,720 
Charge for the year
2,175 
274 
66,118 
68,567 
At 30 September 2023
14,412 
569 
75,306 
90,287 
Net book value
At 30 September 2023
246,255 
2,159 
(62,418)
185,996 
At 30 September 2022
225,897 
2,433 
3,700 
232,030 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
14,238 
22,297 
Trade debtors
88,280 
6,951 
Accrued income and prepayments
127,318 
13,964 
Other debtors
22,545 
22,545 
252,381 
65,757 
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Good Clubs Limited Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
71,934 
- 
Obligations under finance leases and hire purchase contracts
(2,742)
(1,681)
Trade creditors
331,492 
390,651 
Taxes and social security
- 
76,680 
Other creditors
1,907 
4,578 
Loans from directors
29,031 
29,031 
Accruals
2,464 
20,688 
Deferred income
- 
61,532 
434,086 
581,479 
As at 30 September 2022, Good Clubs limited owed £29,031 (2021: £29,031) in the form of a loan from company director, Ben Patten. The loan attracts a nil rate of interest and is repayable on demand.
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
211,237 
42,858 
8
Average number of employees
During the year the average number of employees was 11 (2022: 19).
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