Company Registration No. 13632526 (England and Wales)
Go 4 Locations Limited
Unaudited accounts
for the year ended 30 September 2023
Go 4 Locations Limited
Unaudited accounts
Contents
Go 4 Locations Limited
Statement of financial position
as at 30 September 2023
Tangible assets
25,695
30,607
Cash at bank and in hand
5,940
1,418
Creditors: amounts falling due within one year
(43,626)
(2,878)
Net current (liabilities)/assets
(37,686)
12,182
Total assets less current liabilities
(11,991)
42,789
Creditors: amounts falling due after more than one year
(5,958)
(31,958)
Net (liabilities)/assets
(17,949)
10,831
Called up share capital
200
10,000
Profit and loss account
(18,149)
831
Shareholders' funds
(17,949)
10,831
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 8 February 2024 and were signed on its behalf by
George Lawrence
Director
Company Registration No. 13632526
Go 4 Locations Limited
Notes to the Accounts
for the year ended 30 September 2023
Go 4 Locations Limited is a private company, limited by shares, registered in England and Wales, registration number 13632526. The registered office is 45 Chaucer Drive, London, SE1 5TA, United Kingdom.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The presentational and functional currency of the company is Sterling pounds (£) and amounts in the accounts rounded to the nearest £.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Taxation for the year comprises current taxation and 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 taxation 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 balance sheet date.
Go 4 Locations Limited
Notes to the Accounts
for the year ended 30 September 2023
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
5 years straight line
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Tangible fixed assets
Plant & machinery
At 30 September 2023
33,386
At 30 September 2023
7,691
At 30 September 2023
25,695
At 30 September 2022
30,607
Amounts falling due within one year
Go 4 Locations Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
848
-
Loans from directors
16,831
300
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
5,958
31,958
Allotted, called up and fully paid:
20,000 Ordinary shares of £0.01 each
200
10,000
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Average number of employees
During the year the average number of employees was 2 (2022: 2).