Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31false2022-08-01No description of principal activity6370falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12786001 2022-08-01 2023-07-31 12786001 2021-08-01 2022-07-31 12786001 2023-07-31 12786001 2022-07-31 12786001 c:Director1 2022-08-01 2023-07-31 12786001 d:FurnitureFittings 2022-08-01 2023-07-31 12786001 d:FurnitureFittings 2023-07-31 12786001 d:FurnitureFittings 2022-07-31 12786001 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12786001 d:ComputerEquipment 2022-08-01 2023-07-31 12786001 d:ComputerEquipment 2023-07-31 12786001 d:ComputerEquipment 2022-07-31 12786001 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12786001 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 12786001 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 12786001 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 12786001 d:CurrentFinancialInstruments 2023-07-31 12786001 d:CurrentFinancialInstruments 2022-07-31 12786001 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 12786001 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 12786001 d:ShareCapital 2023-07-31 12786001 d:ShareCapital 2022-07-31 12786001 d:RetainedEarningsAccumulatedLosses 2023-07-31 12786001 d:RetainedEarningsAccumulatedLosses 2022-07-31 12786001 c:FRS102 2022-08-01 2023-07-31 12786001 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12786001 c:FullAccounts 2022-08-01 2023-07-31 12786001 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12786001 d:MoreThanFiveYears 2023-07-31 12786001 d:MoreThanFiveYears 2022-07-31 12786001 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 12786001










GOODY GUMDROPS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
GOODY GUMDROPS LIMITED
REGISTERED NUMBER: 12786001

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
3,517
6,644

Tangible assets
 5 
1,205,188
1,264,495

  
1,208,705
1,271,139

Current assets
  

Stocks
  
9,220
12,928

Debtors: amounts falling due within one year
 6 
19,087
7,525

Cash at bank and in hand
 7 
51,361
68,959

  
79,668
89,412

Creditors: amounts falling due within one year
 8 
(2,670,134)
(2,238,886)

Net current liabilities
  
 
 
(2,590,466)
 
 
(2,149,474)

  

Net liabilities
  
(1,381,761)
(878,335)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,381,762)
(878,336)

  
(1,381,761)
(878,335)


Page 1

 
GOODY GUMDROPS LIMITED
REGISTERED NUMBER: 12786001
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R Goody
Director

Date: 8 February 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

The entity is a private company limited by share capital, registered in England and Wales and the
registered address is situated at Unit 3 Bradburys Court, Lyon Road, Harrow HA1 2BY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The Director has looked forward 12 months and have concluded that the Company should be able
to operate within its current cash resources for the foreseeable future and therefore believe it is
appropriate to prepare these financial statements on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Page 3

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss 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 income and retained earnings in the same period as the related expenditure.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
5 to 25 years
Computer equipment
-
20%
3 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 63 (2022 - 70).

Page 5

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

4.


Intangible assets



Development expenditure

£



Cost


At 1 August 2022
9,380



At 31 July 2023

9,380



Amortisation


At 1 August 2022
2,736


Charge for the year on owned assets
3,127



At 31 July 2023

5,863



Net book value



At 31 July 2023
3,517



Page 6

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 August 2022
1,468,668
19,266
1,487,934


Additions
31,985
-
31,985



At 31 July 2023

1,500,653
19,266
1,519,919



Depreciation


At 1 August 2022
216,204
7,235
223,439


Charge for the year on owned assets
84,870
6,422
91,292



At 31 July 2023

301,074
13,657
314,731



Net book value



At 31 July 2023
1,199,579
5,609
1,205,188



At 31 July 2022
1,252,464
12,031
1,264,495


6.


Debtors

2023
2022
£
£


Other debtors
117
2,292

Prepayments and accrued income
18,970
5,233

19,087
7,525



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,361
68,959


Page 7

 
GOODY GUMDROPS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
41,937
32,662

Amounts owed to group undertakings
2,557,364
2,156,463

Other taxation and social security
48,212
29,886

Other creditors
3,022
8,729

Accruals and deferred income
19,599
11,146

2,670,134
2,238,886



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £15,030 (2022: £14,006). Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the reporting date and are included in creditors falling due within one year.


10.


Commitments under operating leases

At 31 July 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Later than 5 years
36,000
36,000

36,000
36,000


11.


Related party transactions

GGD Group Holdings Limited is an associated company with Goody Gumdrops Limited. During the year, rent of £36,000 (2022 - £36,000) was charged. The amount owed to GGD Group Holdings Limited at the year end was £2,557,364 (2022 - £2,156,463).

 
Page 8