Company Registration No. 07953416 (England and Wales)
Goddens Flooring & Home Interiors Ltd
Unaudited accounts
for the year ended 31 December 2023
Goddens Flooring & Home Interiors Ltd
Unaudited accounts
Contents
Goddens Flooring & Home Interiors Ltd
Company Information
for the year ended 31 December 2023
Company Number
07953416 (England and Wales)
Registered Office
Unit 3F Ashton Business Park
Shrewsbury Avenue
Peterborough
PE2 7EY
England
Accountants
LeeP Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Goddens Flooring & Home Interiors Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Goddens Flooring & Home Interiors Ltd for the year ended
31 December 2023 as set out on pages
5 -
8 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 at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Goddens Flooring & Home Interiors Ltd, as a body, in accordance with the terms of our engagement letter dated 1 May 2022. Our work has been undertaken solely to prepare for your approval the accounts of Goddens Flooring & Home Interiors Ltd and state those matters that we have agreed to state to the Board of Directors of Goddens Flooring & Home Interiors Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goddens Flooring & Home Interiors Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Goddens Flooring & Home Interiors Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Goddens Flooring & Home Interiors Ltd. You consider that Goddens Flooring & Home Interiors Ltd 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 accounts of Goddens Flooring & Home Interiors Ltd. 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 accounts.
LeeP Accountants
Chartered Accountants
Unit 3F Forward Hs, Aston Business Park
Shrewsbury Avenue, Woodston
Peterborough
Cambridgeshire
PE2 7EY
9 September 2024
Goddens Flooring & Home Interiors Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
6,731
7,573
Tangible assets
32,104
28,966
Cash at bank and in hand
(19,012)
19,172
Creditors: amounts falling due within one year
(52,015)
(57,152)
Net current liabilities
(52,409)
(10,403)
Total assets less current liabilities
(13,574)
26,136
Creditors: amounts falling due after more than one year
(17,463)
(24,386)
Provisions for liabilities
Deferred tax
(6,100)
(6,943)
Net liabilities
(37,137)
(5,193)
Called up share capital
1
1
Profit and loss account
(37,138)
(5,194)
Shareholders' funds
(37,137)
(5,193)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 September 2024 and were signed on its behalf by
Aaron Godden
Director
Company Registration No. 07953416
Goddens Flooring & Home Interiors Ltd
Notes to the Accounts
for the year ended 31 December 2023
Goddens Flooring & Home Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 07953416. The registered office is Unit 3F Ashton Business Park, Shrewsbury Avenue, Peterborough, PE2 7EY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Goddens Flooring & Home Interiors Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 January 2023
3,313
8,415
11,728
At 31 December 2023
3,313
8,415
11,728
At 1 January 2023
3,313
842
4,155
Charge for the year
-
842
842
At 31 December 2023
3,313
1,684
4,997
At 31 December 2023
-
6,731
6,731
At 31 December 2022
-
7,573
7,573
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
13,626
9,932
22,562
9,913
56,033
Additions
-
1,182
-
5,657
6,839
At 31 December 2023
13,626
11,114
22,562
15,570
62,872
At 1 January 2023
684
4,693
16,982
4,708
27,067
Charge for the year
273
875
1,395
1,158
3,701
At 31 December 2023
957
5,568
18,377
5,866
30,768
At 31 December 2023
12,669
5,546
4,185
9,704
32,104
At 31 December 2022
12,942
5,239
5,580
5,205
28,966
Amounts falling due within one year
Trade debtors
9,833
20,077
Accrued income and prepayments
1,655
-
Amounts falling due after more than one year
Accrued income and prepayments
3,380
-
Goddens Flooring & Home Interiors Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
56,671
55,928
Taxes and social security
(1,571)
(154)
Loans from directors
546
351
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 3 (2022: 5).