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REGISTERED NUMBER: 01960617 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

GOODHIND ENGINEERING CONSULTANTS LIMITED

GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODHIND ENGINEERING CONSULTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: J W Partridge





SECRETARY: J A Partridge





REGISTERED OFFICE: Brunel House
1 George Street
Gloucester
Gloucestershire
GL1 1BZ





REGISTERED NUMBER: 01960617 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,588 2,199
1,588 2,199

CURRENT ASSETS
Stocks 30,000 22,500
Debtors 6 42,192 57,748
Cash at bank 27,840 16,564
100,032 96,812
CREDITORS
Amounts falling due within one year 7 44,383 40,082
NET CURRENT ASSETS 55,649 56,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,237

58,929

PROVISIONS FOR LIABILITIES 397 418
NET ASSETS 56,840 58,511

CAPITAL AND RESERVES
Called up share capital 15 15
Share premium 3,748 3,748
Capital redemption reserve 6,237 6,237
Retained earnings 46,840 48,511
SHAREHOLDERS' FUNDS 56,840 58,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





J W Partridge - Director


GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Goodhind Engineering Consultants 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.

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 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.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to
continue as a going concern.

Turnover
Turnover represents the sales invoices raised for the supply of services adjusted for movement on work in progress, both net of value added tax.

Where a contract has only been partially completed at the balance sheet date then turnover represents the value of the work done to date, based on a proportion of the total expected consideration at completion.

This recognises the company's right to revenue in exchange for its performance of contracts, which at the year end remain unbilled.

Goodwill
Goodwill was amortised over 20 years and now has been fully amortised.

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 - 15% on reducing balance
Computer equipment - 25% on cost

Financial instruments
Financial instruments are classified by the director as basic or advances following the conditions on FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

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.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the profit and loss over the expected useful lives of the assets to which they relate. Government grants which are not directly attributable to fixed assets are recognised in the profit and loss in accordance with the accruals method in line with FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 26,000
AMORTISATION
At 1 July 2023
and 30 June 2024 26,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 22,236 20,801 43,037
DEPRECIATION
At 1 July 2023 21,021 19,817 40,838
Charge for year 192 419 611
At 30 June 2024 21,213 20,236 41,449
NET BOOK VALUE
At 30 June 2024 1,023 565 1,588
At 30 June 2023 1,215 984 2,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,864 54,087
Provision for doubtful debts - (964 )
Directors' loan accounts 768 890
Prepayments and accrued income 4,560 3,735
42,192 57,748

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,175 1,006
Corporation Tax 10,106 6,433
Social security and other taxes 3,445 6,709
Pension control A/C 736 1,017
VAT 16,359 21,182
Accruals 11,562 3,735
44,383 40,082

8. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the year end of £45,700 (2023 - £54,000).

GOODHIND ENGINEERING CONSULTANTS LIMITED (REGISTERED NUMBER: 01960617)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
J W Partridge
Balance outstanding at start of year 890 (258 )
Amounts advanced 1,080 11,460
Amounts repaid (1,202 ) (10,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 768 890

No interest is being charged on loan and there are no set repayment terms.