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REGISTERED NUMBER: 12648234 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Goodman Digital Securities Limited

Goodman Digital Securities Limited (Registered number: 12648234)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goodman Digital Securities Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr P Goodman
Mrs A J Hubbard





REGISTERED OFFICE: 99 Davies Road
West Bridgford
NG2 5HZ





REGISTERED NUMBER: 12648234 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Goodman Digital Securities Limited (Registered number: 12648234)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,268 5,781

CURRENT ASSETS
Stocks - 1,850
Debtors 5 15,683 49,827
Cash at bank 106,868 129,121
122,551 180,798
CREDITORS
Amounts falling due within one year 6 903 17,518
NET CURRENT ASSETS 121,648 163,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

125,916

169,061

PROVISIONS FOR LIABILITIES 811 1,098
NET ASSETS 125,105 167,963

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 125,005 167,863
SHAREHOLDERS' FUNDS 125,105 167,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Goodman Digital Securities Limited (Registered number: 12648234)

Balance Sheet - continued
30 June 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by:





Mr P Goodman - Director


Goodman Digital Securities Limited (Registered number: 12648234)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Goodman Digital Securities Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 25% on reducing balance
Computer equipment - 33% on cost

Work in progress
Work in progress is valued at fair value and reflects the time spent and the skills and expertise that have been provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

Goodman Digital Securities Limited (Registered number: 12648234)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 July 2022 6,327 4,041 10,368
Additions 1,082 - 1,082
At 30 June 2023 7,409 4,041 11,450
DEPRECIATION
At 1 July 2022 2,413 2,174 4,587
Charge for year 1,248 1,347 2,595
At 30 June 2023 3,661 3,521 7,182
NET BOOK VALUE
At 30 June 2023 3,748 520 4,268
At 30 June 2022 3,914 1,867 5,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 14,220
Directors' current accounts 13,100 34,590
Tax 1,581 -
VAT 323 -
Prepayments and accrued income 679 1,017
15,683 49,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 228 96
Tax - 16,724
VAT - 58
Accrued expenses 675 640
903 17,518

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,335 5,335
Between one and five years 7,559 12,894
12,894 18,229

Goodman Digital Securities Limited (Registered number: 12648234)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr P Goodman and Mrs A J Hubbard
Balance outstanding at start of year 34,590 10,029
Amounts advanced 163,048 36,873
Amounts repaid (184,538 ) (12,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,100 34,590

Interest was charged on the director's advances at HM Revenue & Customs official rate of 2.0% per annum to 5 April 2023 and 2.25% thereafter.

The outstanding advances were repaid within nine months of the year end.