Registered number
09921773
Goodsuperstore Limited
Filleted Accounts for the year ended
31 December 2023
Goodsuperstore Limited
Registered number: 09921773
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Stocks 19,884 26,222
Debtors 3 127,983 4,287
Cash at bank and in hand 21,086 28,511
168,953 59,020
Creditors: amounts falling due within one year 4 (108,402) (59,606)
Net current assets/(liabilities) 60,551 (586)
Net assets/(liabilities) 60,551 (586)
Capital and reserves
Called up share capital 100 100
Profit and loss account 60,451 (686)
Shareholders' funds 60,551 (586)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Biddulph
Director
Approved by the board on 23 September 2024
Goodsuperstore Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 127,983 4,072
Other debtors - 215
127,983 4,287
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 102,956 48,008
Associated company loans - 10,098
Taxation and social security costs 3,946 -
Other creditors 1,500 1,500
108,402 59,606
5 Controlling party
The ultimate controlling parties are the directors J Biddulph and S Hurt who together hold 88% of the share capital.
6 Other information
Goodsuperstore Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Old Court Mews
311 Chase road
London
N14 6JS
Goodsuperstore Limited 09921773 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts July 2024 J Biddulph No description of principal activity 09921773 2022-01-01 2022-12-31 09921773 core:WithinOneYear 2022-12-31 09921773 core:ShareCapital 2022-12-31 09921773 core:RetainedEarningsAccumulatedLosses 2022-12-31 09921773 2023-01-01 2023-12-31 09921773 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09921773 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09921773 bus:Director40 2023-01-01 2023-12-31 09921773 1 2023-01-01 2023-12-31 09921773 2 2023-01-01 2023-12-31 09921773 countries:England 2023-01-01 2023-12-31 09921773 bus:FRS102 2023-01-01 2023-12-31 09921773 bus:FilletedAccounts 2023-01-01 2023-12-31 09921773 2023-12-31 09921773 core:WithinOneYear 2023-12-31 09921773 core:ShareCapital 2023-12-31 09921773 core:RetainedEarningsAccumulatedLosses 2023-12-31 09921773 2022-12-31 iso4217:GBP xbrli:pure