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REGISTERED NUMBER: 09101765 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

THE GOOD ECONOMY PARTNERSHIP LIMITED

THE GOOD ECONOMY PARTNERSHIP LIMITED (REGISTERED NUMBER: 09101765)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


THE GOOD ECONOMY PARTNERSHIP LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: S Hepworth
M Hepworth
S Hickey
J Preston
P R Stanworth





REGISTERED OFFICE: 9, Richmond Mansions
Denton Road
Twickenham
Middlesex
TW1 2HH





REGISTERED NUMBER: 09101765 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Good Economy Partnership Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Good Economy Partnership Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that The Good Economy Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Good Economy Partnership Limited. You consider that The Good Economy Partnership 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 financial statements of The Good Economy Partnership 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 financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


4 September 2024

THE GOOD ECONOMY PARTNERSHIP LIMITED (REGISTERED NUMBER: 09101765)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,353 7,278

CURRENT ASSETS
Debtors 5 355,878 423,456
Cash at bank 82,591 -
438,469 423,456
CREDITORS
Amounts falling due within one year 6 276,174 283,537
NET CURRENT ASSETS 162,295 139,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,648

147,197

PROVISIONS FOR LIABILITIES 7 1,466 1,736
NET ASSETS 167,182 145,461

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 167,082 145,361
SHAREHOLDERS' FUNDS 167,182 145,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 3 September 2024 and were signed on its behalf by:




S Hepworth - Director


THE GOOD ECONOMY PARTNERSHIP LIMITED (REGISTERED NUMBER: 09101765)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Good Economy Partnership 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.

Turnover is recognised when services are provided.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


THE GOOD ECONOMY PARTNERSHIP LIMITED (REGISTERED NUMBER: 09101765)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 6,430 15,449 21,879
Additions - 1,193 1,193
At 31 March 2024 6,430 16,642 23,072
DEPRECIATION
At 1 April 2023 6,430 8,171 14,601
Charge for year - 2,118 2,118
At 31 March 2024 6,430 10,289 16,719
NET BOOK VALUE
At 31 March 2024 - 6,353 6,353
At 31 March 2023 - 7,278 7,278

THE GOOD ECONOMY PARTNERSHIP LIMITED (REGISTERED NUMBER: 09101765)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 302,793 262,723
Other debtors 53,085 160,733
355,878 423,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 15,409
Trade creditors 71,248 51,373
Taxation and social security 143,181 140,569
Other creditors 61,745 76,186
276,174 283,537

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,466 1,736

Deferred
tax
£   
Balance at 1 April 2023 1,736
Provided during year (270 )
Accelerated capital allowances
Balance at 31 March 2024 1,466

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 A Ordinary £1 90 90
10 B Ordinary £1 10 10
100 100

Ordinary A shares allow all users full rights to receive notice of, attend and vote at general meetings. One share carries one vote, and full rights to dividends and capital distributions (including upon winding up).

Ordinary B shares enable all users the right to dividends declared for this class of share but no voting rights or rights to capital distributions.

9. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.