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REGISTERED NUMBER: 07054800 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Goodwin And Goodwin Design Limited

Goodwin And Goodwin Design Limited (Registered number: 07054800)






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


Goodwin And Goodwin Design Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Goodwin
V Goodwin





SECRETARY:





REGISTERED OFFICE: Unit 3 Guillemot Place
Clarendon Road
London
N22 6XG





REGISTERED NUMBER: 07054800 (England and Wales)





ACCOUNTANTS: Accounting Solutions London & Malta Ltd

Goodwin And Goodwin Design Limited (Registered number: 07054800)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,701 55,415

CURRENT ASSETS
Debtors 5 140,791 167,946
Cash at bank and in hand 31,718 106,047
172,509 273,993
CREDITORS
Amounts falling due within one year 6 190,597 187,071
NET CURRENT (LIABILITIES)/ASSETS (18,088 ) 86,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,613

142,337

CREDITORS
Amounts falling due after more than one
year

7

13,593

15,923
NET ASSETS 26,020 126,414

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 26,010 126,404
SHAREHOLDERS' FUNDS 26,020 126,414

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.

Goodwin And Goodwin Design Limited (Registered number: 07054800)

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 31 August 2024 and were signed on its behalf by:





V Goodwin - Director


Goodwin And Goodwin Design Limited (Registered number: 07054800)

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

1. STATUTORY INFORMATION

Goodwin And Goodwin Design 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 21 ) .

Goodwin And Goodwin Design Limited (Registered number: 07054800)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 238,090
Additions 19,546
At 31 December 2023 257,636
DEPRECIATION
At 1 January 2023 182,675
Charge for year 17,260
At 31 December 2023 199,935
NET BOOK VALUE
At 31 December 2023 57,701
At 31 December 2022 55,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 61,016 121,651
Other debtors 79,775 46,295
140,791 167,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 26,190 37,034
Trade creditors 132,202 44,907
Taxation and social security 23,232 105,130
Other creditors 8,973 -
190,597 187,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 13,593 15,923