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REGISTERED NUMBER: 04665213 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

2GO LIMITED

2GO LIMITED (REGISTERED NUMBER: 04665213)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


2GO LIMITED

COMPANY INFORMATION
for the Year Ended 29 February 2024







DIRECTORS: D Coffey
Mrs J Coffey



SECRETARY: Mrs J Coffey



REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX



REGISTERED NUMBER: 04665213 (England and Wales)



ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX



BANKERS: Santander UK Limited
Abbey National Business
PO Box 10102
21 Prescot Street
London
E1 8TN

2GO LIMITED (REGISTERED NUMBER: 04665213)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 721 848
721 848

CURRENT ASSETS
Stocks 125 250
Debtors 6 - 644
Cash at bank 4,975 6,155
5,100 7,049
CREDITORS
Amounts falling due within one year 7 19,171 21,903
NET CURRENT LIABILITIES (14,071 ) (14,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,350

)

(14,006

)

PROVISIONS FOR LIABILITIES 138 162
NET LIABILITIES (13,488 ) (14,168 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (13,490 ) (14,170 )
SHAREHOLDERS' FUNDS (13,488 ) (14,168 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

2GO LIMITED (REGISTERED NUMBER: 04665213)

BALANCE SHEET - continued
29 February 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





D Coffey - Director


2GO LIMITED (REGISTERED NUMBER: 04665213)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

2go 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.

These accounts are prepared on a going-concern basis notwithstanding the deficit of reserves as the company is supported by loans from the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully amortized evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

2GO LIMITED (REGISTERED NUMBER: 04665213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 59,750
AMORTISATION
At 1 March 2023
and 29 February 2024 59,750
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 2,250 15,685 4,778 22,713
DEPRECIATION
At 1 March 2023 2,250 14,837 4,778 21,865
Charge for year - 127 - 127
At 29 February 2024 2,250 14,964 4,778 21,992
NET BOOK VALUE
At 29 February 2024 - 721 - 721
At 28 February 2023 - 848 - 848

2GO LIMITED (REGISTERED NUMBER: 04665213)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,340 1,535
Taxation and social security 206 -
Other creditors 17,625 20,368
19,171 21,903

8. RELATED PARTY DISCLOSURES

During the year the company was supported by loans from the directors. At the year end the balances amounted to £16,465 (2023 - £19,153)