IRIS Accounts Production v24.1.9.2 08549936 director 1.6.23 31.5.24 31.5.24 0 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085499362023-05-31085499362024-05-31085499362023-06-012024-05-31085499362022-05-31085499362022-06-012023-05-31085499362023-05-3108549936ns15:EnglandWales2023-06-012024-05-3108549936ns14:PoundSterling2023-06-012024-05-3108549936ns10:Director12023-06-012024-05-3108549936ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3108549936ns10:SmallEntities2023-06-012024-05-3108549936ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3108549936ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3108549936ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3108549936ns10:FullAccounts2023-06-012024-05-310854993612023-06-012024-05-3108549936ns10:RegisteredOffice2023-06-012024-05-3108549936ns5:CurrentFinancialInstruments2024-05-3108549936ns5:CurrentFinancialInstruments2023-05-3108549936ns5:ShareCapital2024-05-3108549936ns5:ShareCapital2023-05-3108549936ns5:RetainedEarningsAccumulatedLosses2024-05-3108549936ns5:RetainedEarningsAccumulatedLosses2023-05-3108549936ns5:NetGoodwill2023-06-012024-05-3108549936ns5:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3108549936ns5:ComputerEquipment2023-06-012024-05-3108549936ns5:NetGoodwill2023-05-3108549936ns5:NetGoodwill2024-05-3108549936ns5:NetGoodwill2023-05-3108549936ns5:ComputerEquipment2023-05-3108549936ns5:ComputerEquipment2024-05-3108549936ns5:ComputerEquipment2023-05-3108549936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3108549936ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 08549936 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

GOALDTIME MANAGEMENT LIMITED

GOALDTIME MANAGEMENT LIMITED (REGISTERED NUMBER: 08549936)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


GOALDTIME MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: A J Duncan





REGISTERED OFFICE: 3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED





REGISTERED NUMBER: 08549936 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

GOALDTIME MANAGEMENT LIMITED (REGISTERED NUMBER: 08549936)

STATEMENT OF FINANCIAL POSITION
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 347
- 347

CURRENT ASSETS
Debtors 6 2,099 3,543
Cash at bank 5,322 7,544
7,421 11,087
CREDITORS
Amounts falling due within one year 7 6,995 11,248
NET CURRENT ASSETS/(LIABILITIES) 426 (161 )
TOTAL ASSETS LESS CURRENT LIABILITIES 426 186

PROVISIONS FOR LIABILITIES - 66
NET ASSETS 426 120

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 425 119
SHAREHOLDERS' FUNDS 426 120

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

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

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 director and authorised for issue on 9th September 2024 and were signed by:





A J Duncan - Director


GOALDTIME MANAGEMENT LIMITED (REGISTERED NUMBER: 08549936)

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

1. STATUTORY INFORMATION

Goaldtime Management 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when the goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

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. As at the transition date for Financial Reporting Standard 102 on 1st June 2015, the estimated useful life of Goodwill was 8 years. The Goodwill has now 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.
Computer equipment - 33% on cost

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

GOALDTIME MANAGEMENT LIMITED (REGISTERED NUMBER: 08549936)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 6,700
AMORTISATION
At 1st June 2023
and 31st May 2024 6,700
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023
and 31st May 2024 3,701
DEPRECIATION
At 1st June 2023 3,354
Charge for year 347
At 31st May 2024 3,701
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 347

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,099 3,543

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20 139
Taxation and social security 5,657 10,034
Other creditors 1,318 1,075
6,995 11,248

GOALDTIME MANAGEMENT LIMITED (REGISTERED NUMBER: 08549936)

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

8. RELATED PARTY DISCLOSURES

During the year under review, Directors received loans from the company which are repayable on demand and are interest free.

The company made advances of £20,639 (2023: £34,603) to the directors, against which credits were made of £22,083 (2023: £31,894).

At the year end, the amount owed to the company by the directors was £1,205 (2023: £2,649). This is included within other debtors.

There are no conditions attached to advances to the director, however, the director must ensure that this is not detrimental to the company.