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Registration number: 12087258

Be Goode Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Be Goode Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Be Goode Limited

Company Information

Director

Mr B V Goode

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Be Goode Limited
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Be Goode Limited for the year ended 31 July 2023 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Be Goode Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Be Goode Limited and state those matters that we have agreed to state to the Board of Directors of Be Goode Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Be Goode Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Be Goode Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Be Goode Limited. You consider that Be Goode Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Be Goode Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

22 April 2024

 

Be Goode Limited

(Registration number: 12087258)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

194,290

36,537

Current assets

 

Stocks

5

2,000

3,000

Debtors

6

4,162

649

Cash at bank and in hand

 

11,886

4,859

 

18,048

8,508

Creditors: Amounts falling due within one year

7

(239,346)

(55,530)

Net current liabilities

 

(221,298)

(47,022)

Total assets less current liabilities

 

(27,008)

(10,485)

Creditors: Amounts falling due after more than one year

7

(35,670)

(41,567)

Net liabilities

 

(62,678)

(52,052)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(62,778)

(52,152)

Shareholders' deficit

 

(62,678)

(52,052)

 

Be Goode Limited

(Registration number: 12087258)
Balance Sheet as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 April 2024
 

.........................................

Mr B V Goode

Director

 

Be Goode Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
Fin Street
Plymouth
Devon
PL1 3FF

These financial statements were authorised for issue by the director on 22 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As at the end of the year, the company's balance sheet shows as an overall deficiency of assets of £62,678 (2022: £52,052). The director has prepared the financial statements on a going concern basis, on the understanding they will continue to provide financial support if it is required and, accordingly, the financial statements do not include any adjustments that would result if this support was not forthcoming.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Be Goode Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% reducing balance

Fixtures and fittings

25% reducing balance

Leasehold improvements

15 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 3).

 

Be Goode Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Tangible assets

Leasehold improvements
£

Furniture, fittings and equipment
 £

Plant and equipment
£

Total
£

Cost or valuation

At 1 August 2022

11,000

35,124

14,043

60,167

Additions

165,000

-

335

165,335

At 31 July 2023

176,000

35,124

14,378

225,502

Depreciation

At 1 August 2022

1,523

15,755

6,352

23,630

Charge for the year

733

4,843

2,006

7,582

At 31 July 2023

2,256

20,598

8,358

31,212

Carrying amount

At 31 July 2023

173,744

14,526

6,020

194,290

At 31 July 2022

9,477

19,369

7,691

36,537

Included within the net book value of land and buildings above is £165,000 (2022 - £Nil) in respect of freehold land and buildings and £8,744 (2022 - £9,477) in respect of short leasehold land and buildings.
 

5

Stocks

2023
£

2022
£

Other inventories

2,000

3,000

6

Debtors

2023
£

2022
£

Other debtors

4,162

649

4,162

649

 

Be Goode Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

5,573

5,142

Trade creditors

 

32,063

46,203

Taxation and social security

 

-

12

Accruals and deferred income

 

1,595

1,450

Other creditors

 

200,115

2,723

 

239,346

55,530

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

35,670

41,567