Registered number
03415856
Goodyear Consulting Ltd
Filleted Accounts
30 September 2023
Goodyear Consulting Ltd
Registered number: 03415856
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 441,379 440,929
Investments 4 15,000 15,000
456,379 455,929
Current assets
Debtors 5 40,328 30,547
Cash at bank and in hand 279,635 217,634
319,963 248,181
Creditors: amounts falling due within one year 6 (24,179) (616)
Net current assets 295,784 247,565
Net assets 752,163 703,494
Capital and reserves
Called up share capital 2 2
Profit and loss account 752,161 703,492
Shareholders' funds 752,163 703,494
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………….
M Goodyear
Director
Approved by the board on 24 April 2024
Goodyear Consulting Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 October 2022 440,183 24,580 464,763
Additions - 850 850
At 30 September 2023 440,183 25,430 465,613
Depreciation
At 1 October 2022 - 23,834 23,834
Charge for the year - 400 400
At 30 September 2023 - 24,234 24,234
Net book value
At 30 September 2023 440,183 1,196 441,379
At 30 September 2022 440,183 746 440,929
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 15,000
At 30 September 2023 15,000
5 Debtors 2023 2022
£ £
Trade debtors 18,900 5,210
Corporation tax 2,291 5,483
Customs & Excise 4,199 3,866
Loan 13,050 14,100
Other debtors 1,888 1,888
40,328 30,547
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,815 -
Other creditors 16,364 616
24,179 616
7 Other information
Goodyear Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Plymstock, Ferrie Lane
Symonds Yat
Ross-on-Wye
Hereford
HR9 6BL
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