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REGISTERED NUMBER: 11502775 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Goodwill Revive Solutions Limited

Goodwill Revive Solutions Limited (Registered number: 11502775)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Goodwill Revive Solutions Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mr G L Tomkins
Mr L G Fassam
Mr D J Clingo
Mr J A Sheriff





REGISTERED OFFICE: 1056 Deer Park Road
Moulton Park Industrial Estate
Northampton
Northamptonshire
NN3 6RX





REGISTERED NUMBER: 11502775 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
Pacioli House
9 Brookfield
Duncan Close
Northampton
Northamptonshire
NN3 6WL

Goodwill Revive Solutions Limited (Registered number: 11502775)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118 -

CURRENT ASSETS
Debtors 5 1,859 -
Cash at bank 647 -
2,506 -
CREDITORS
Amounts falling due within one year 6 2,635 -
NET CURRENT LIABILITIES (129 ) -
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11

)

-

CAPITAL AND RESERVES
Called up share capital 8 1 -
Retained earnings (12 ) -
SHAREHOLDERS' FUNDS (11 ) -

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr G L Tomkins - Director


Goodwill Revive Solutions Limited (Registered number: 11502775)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Goodwill Revive Solutions 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 applicable United Kingdom accounting standards, including Financial Reporting Standard 102 section 1A - "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102 section 1A") and with the Companies Act 2006. The financial statements have been prepared on the historical cost basis.

The financial statements are presented in Sterling (£) and cover the extended period from 1st September 2022 to 31st December 2023, bringing the year end in line with the group. Therefore, the comparatives are not entirely comparable.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future particularly in light of the continued support from fellow group members. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.

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.

Goodwill Revive Solutions Limited (Registered number: 11502775)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 314
DEPRECIATION
At 1 January 2023 137
Charge for year 59
At 31 December 2023 196
NET BOOK VALUE
At 31 December 2023 118
At 31 December 2022 177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,859 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 163 -
Amounts owed to group undertakings 1,972 -
Other creditors 500 -
2,635 -

Goodwill Revive Solutions Limited (Registered number: 11502775)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. FINANCIAL INSTRUMENTS

The company has some exposure to credit, liquidity and market risks, These risks are limited by the company's financial management policies and practices described below:

Credit risk
The company's exposure and it's customers credit worthiness is continually monitored so that any potential problems are detected at an early stage.

Liquidity risk
The directors have ultimate responsibility for liquidity risk management in maintaining adequate reserves and banking facilities. Active management of the cash position is undertaken with future cash flows being reviewed to ensure that resources are available.

Market risk
There is a market risk associated with the fluctuation in demand for the products and services provided. Most of this is mitigated by monitoring the markets.

The company holds no derivative financial instruments at the year end.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Goodwill Solutions (Holdings) C.I.C., this entity is a private company incorporated in England. The company's registered office address is 1056 Deer Park Road, Moulton Park, Northampton, NN3 6RX.