IRIS Accounts Production v24.2.0.383 SC668264 Board of Directors 1.1.23 31.12.23 31.12.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6682642022-12-31SC6682642023-12-31SC6682642023-01-012023-12-31SC6682642021-12-31SC6682642022-01-012022-12-31SC6682642022-12-31SC668264ns15:Scotland2023-01-012023-12-31SC668264ns14:PoundSterling2023-01-012023-12-31SC668264ns10:Director12023-01-012023-12-31SC668264ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC668264ns10:SmallEntities2023-01-012023-12-31SC668264ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC668264ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC668264ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC668264ns10:FullAccounts2023-01-012023-12-31SC668264ns10:Director22023-01-012023-12-31SC668264ns10:RegisteredOffice2023-01-012023-12-31SC668264ns5:CurrentFinancialInstruments2023-12-31SC668264ns5:CurrentFinancialInstruments2022-12-31SC668264ns5:ShareCapital2023-12-31SC668264ns5:ShareCapital2022-12-31SC668264ns5:RetainedEarningsAccumulatedLosses2023-12-31SC668264ns5:RetainedEarningsAccumulatedLosses2022-12-31SC668264ns5:ComputerEquipment2023-01-012023-12-31SC668264ns5:PlantMachinery2022-12-31SC668264ns5:PlantMachinery2023-01-012023-12-31SC668264ns5:PlantMachinery2023-12-31SC668264ns5:PlantMachinery2022-12-31SC668264ns5:CostValuation2022-12-31SC668264ns5:Subsidiary12023-01-012023-12-31SC668264ns5:Subsidiary112023-01-012023-12-31SC668264ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC668264ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC668264ns5:WithinOneYear2023-12-31SC668264ns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC668264 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Goal7 Limited

Goal7 Limited (Registered number: SC668264)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goal7 Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J E Paton
J I Robinson





REGISTERED OFFICE: 12-16 Albyn Place
Aberdeen
AB10 1PS





REGISTERED NUMBER: SC668264 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

Goal7 Limited (Registered number: SC668264)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 18,967 9,344
Investments 6 3,696 3,696
22,663 13,040

CURRENT ASSETS
Debtors 7 283,165 76,541
Cash at bank 569,341 504,123
852,506 580,664
CREDITORS
Amounts falling due within one year 8 206,371 227,681
NET CURRENT ASSETS 646,135 352,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,798

366,023

PROVISIONS FOR LIABILITIES 4,742 1,775
NET ASSETS 664,056 364,248

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 663,056 363,248
664,056 364,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Goal7 Limited (Registered number: SC668264)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





J I Robinson - Director


Goal7 Limited (Registered number: SC668264)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Goal7 Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Goal7 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Revenue is recognised when the service has been provided, when the amount of revenue can be measured reliably, and when its probable that future economic benefits will flow to the entity. If a client has not been invoiced for services provided during the period the income is accrued and included in debtors under accrued income.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Taxation
Taxation for the year comprises current and deferred tax. Tax 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 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.


Goal7 Limited (Registered number: SC668264)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

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 company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 7 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 12,633
Additions 17,023
At 31 December 2023 29,656
DEPRECIATION
At 1 January 2023 3,289
Charge for year 7,400
At 31 December 2023 10,689
NET BOOK VALUE
At 31 December 2023 18,967
At 31 December 2022 9,344

Goal7 Limited (Registered number: SC668264)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 3,696
NET BOOK VALUE
At 31 December 2023 3,696
At 31 December 2022 3,696

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Goal7 LLC
Registered office: 27010 Rock Island Road, Hempstead, Texas 77445, United States of America
Nature of business: Technical and Environmental consulting
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 268,555 73,800
Amounts owed by group undertakings 5,190 217
Other debtors 9,420 2,524
283,165 76,541

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,967 1,292
Taxation and social security 165,813 122,030
Other creditors 29,591 104,359
206,371 227,681

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 14,500 14,500