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REGISTERED NUMBER: OC382742 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GOODRICH CONSULTING LLP

GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODRICH CONSULTING LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DESIGNATED MEMBERS: Mr MR Plowman
Mr PA Riley





REGISTERED OFFICE: Malsor House
Gayton Road
Milton Malsor
Northampton
NN7 3AB





REGISTERED NUMBER: OC382742 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,709 58,622
36,709 58,622

CURRENT ASSETS
Debtors 6 688,602 537,108
Cash at bank 618,765 805,615
1,307,367 1,342,723
CREDITORS
Amounts falling due within one year 7 363,451 517,614
NET CURRENT ASSETS 943,916 825,109
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

980,625

883,731

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

980,625

883,731

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 980,625 883,731

GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

BALANCE SHEET - continued
31ST MARCH 2024


The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 24th June 2024 and were signed by:




Mr MR Plowman - Designated member




Mr PA Riley - Designated member


GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Goodrich Consulting LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors, and bank loans. Instruments such as trade debtors and creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 21 (2023 - 22 ) .

GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 20,000
AMORTISATION
At 1st April 2023
and 31st March 2024 20,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 39,733 84,496 124,229
Additions 1,505 - 1,505
Disposals (1,352 ) (590 ) (1,942 )
At 31st March 2024 39,886 83,906 123,792
DEPRECIATION
At 1st April 2023 21,148 44,459 65,607
Charge for year 7,705 15,317 23,022
Eliminated on disposal (956 ) (590 ) (1,546 )
At 31st March 2024 27,897 59,186 87,083
NET BOOK VALUE
At 31st March 2024 11,989 24,720 36,709
At 31st March 2023 18,585 40,037 58,622

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 672,933 519,947
Other debtors 15,669 17,161
688,602 537,108

GOODRICH CONSULTING LLP (REGISTERED NUMBER: OC382742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 55,758 55,208
Taxation and social security 261,437 274,874
Other creditors 46,256 187,532
363,451 517,614

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members would rank after all other creditors.