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Company Registration No. 08494588 (England and Wales)
The Little Goat Soap Company Limited Unaudited accounts for the year ended 31 August 2024
The Little Goat Soap Company Limited Unaudited accounts Contents
Page
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The Little Goat Soap Company Limited Company Information for the year ended 31 August 2024
Directors
Mrs Joanne King Mr Andrew King
Company Number
08494588 (England and Wales)
Registered Office
Park Farm Littleworth Faringdon Oxfordshire SN7 8ED
Accountants
Swash & Co Boston House Grove Business Park Wantage Oxfordshire OX12 9FF
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Little Goat Soap Company Limited for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Little Goat Soap Company Limited for the year ended 31 August 2024 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.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Swash & Co Chartered Accountants Boston House Grove Business Park Wantage Oxfordshire OX12 9FF 4 October 2024
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The Little Goat Soap Company Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
691 
Tangible assets
17,291 
19,174 
17,291 
19,865 
Current assets
Inventories
13,252 
13,952 
Debtors
845 
2,098 
Cash at bank and in hand
10,411 
5,392 
24,508 
21,442 
Creditors: amounts falling due within one year
(29,966)
(31,887)
Net current liabilities
(5,458)
(10,445)
Total assets less current liabilities
11,833 
9,420 
Creditors: amounts falling due after more than one year
(468)
(3,662)
Provisions for liabilities
Deferred tax
(3,286)
(3,643)
Net assets
8,079 
2,115 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
7,879 
1,915 
Shareholders' funds
8,079 
2,115 
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by
Mrs Joanne King Director Company Registration No. 08494588
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
The Little Goat Soap Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08494588. The registered office is Park Farm, Littleworth, Faringdon, Oxfordshire, SN7 8ED.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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.
Deferred taxation
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.
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
6,925 
At 31 August 2024
6,925 
Amortisation
At 1 September 2023
6,234 
Charge for the year
691 
At 31 August 2024
6,925 
Net book value
At 31 August 2024
- 
At 31 August 2023
691 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
28,334 
13,406 
41,740 
Additions
1,169 
- 
1,169 
At 31 August 2024
29,503 
13,406 
42,909 
Depreciation
At 1 September 2023
16,158 
6,408 
22,566 
Charge for the year
2,002 
1,050 
3,052 
At 31 August 2024
18,160 
7,458 
25,618 
Net book value
At 31 August 2024
11,343 
5,948 
17,291 
At 31 August 2023
12,176 
6,998 
19,174 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
845 
2,098 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,725 
Obligations under finance leases and hire purchase contracts
3,194 
2,594 
Trade creditors
2,512 
2,610 
Taxes and social security
6,774 
5,077 
Other creditors
1,073 
1,063 
Loans from directors
16,413 
17,818 
29,966 
31,887 
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
468 
3,662 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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