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REGISTERED NUMBER: 06356914 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Goode Solutions Limited

Goode Solutions Limited (Registered number: 06356914)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Goode Solutions Limited

Company Information
for the year ended 31 August 2023







DIRECTORS: Mrs M J Goode
P A Cassidy





REGISTERED OFFICE: 2 Lakeside View
Nantwich
Cheshire
CW5 7GA





REGISTERED NUMBER: 06356914 (England and Wales)

Goode Solutions Limited (Registered number: 06356914)

Statement of Financial Position
31 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 1,804 723
Cash at bank 11,659 34,710
13,463 35,433
CREDITORS
Amounts falling due within one year 6 2,103 15,172
NET CURRENT ASSETS 11,360 20,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,360

20,261

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 10,360 19,261
SHAREHOLDERS' FUNDS 11,360 20,261

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





P A Cassidy - Director


Goode Solutions Limited (Registered number: 06356914)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Goode Solutions Limited ('The Company') is primarily engaged in research and development.

The company is a private company limited by shares and is incorporated in England and Wales. The principle place of business and the registered office is 2 Lakeside View, Nantwich, Cheshire, CW5 7GA. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

Theses financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the companies Act 2006.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors.

On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Revenue (described as turnover) is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the discounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Goode Solutions Limited (Registered number: 06356914)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 185 723
Other debtors 1,619 -
1,804 723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 4,403
Other creditors 2,103 10,769
2,103 15,172