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REGISTERED NUMBER: 06082857 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

I.C. Goossens Limited

I.C. Goossens Limited (Registered number: 06082857)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


I.C. Goossens Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I C Goossens
Mrs A J Goossens





SECRETARY: Mrs A J Goossens





REGISTERED OFFICE: Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP





REGISTERED NUMBER: 06082857 (England and Wales)





ACCOUNTANTS: Havard & Associates
Suite 1
Concept House
23 Billet Lane
Hornchurch
Essex
RM11 1XP

I.C. Goossens Limited (Registered number: 06082857)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,671 40,004
Tangible assets 5 43,584 45,835
Investments 6 300,177 273,254
370,432 359,093

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 7 93,837 90,094
Cash at bank and in hand 228,127 131,251
327,964 227,345
CREDITORS
Amounts falling due within one year 8 179,507 178,943
NET CURRENT ASSETS 148,457 48,402
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,889

407,495

CREDITORS
Amounts falling due after more than one
year

9

(12,391

)

(22,705

)

PROVISIONS FOR LIABILITIES (2,350 ) (2,777 )
NET ASSETS 504,148 382,013

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 7,734 (14,310 )
Retained earnings 496,412 396,321
SHAREHOLDERS' FUNDS 504,148 382,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

I.C. Goossens Limited (Registered number: 06082857)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





I C Goossens - Director


I.C. Goossens Limited (Registered number: 06082857)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

I.C. Goossens 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 as modified by the revaluation of certain assets.

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 2010, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 33% on cost and 20% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

I.C. Goossens Limited (Registered number: 06082857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 159,996
Charge for year 13,333
At 31 March 2024 173,329
NET BOOK VALUE
At 31 March 2024 26,671
At 31 March 2023 40,004

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 163,619
Additions 325
At 31 March 2024 163,944
DEPRECIATION
At 1 April 2023 117,784
Charge for year 2,576
At 31 March 2024 120,360
NET BOOK VALUE
At 31 March 2024 43,584
At 31 March 2023 45,835

I.C. Goossens Limited (Registered number: 06082857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 273,254
Revaluations 22,044
Dividends received 4,879
At 31 March 2024 300,177
NET BOOK VALUE
At 31 March 2024 300,177
At 31 March 2023 273,254

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2021 149,947
Valuation in 2022 (11,727 )
Valuation in 2022 45,000
Valuation in 2023 90,034
Valuation in 2024 26,923
300,177

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 405 2,419
Other debtors 93,432 87,675
93,837 90,094

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,492 14,254
Hire purchase contracts 1,538 10,941
Trade creditors 26,320 19,899
Taxation and social security 82,165 53,682
Other creditors 55,992 80,167
179,507 178,943

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,391 22,705

I.C. Goossens Limited (Registered number: 06082857)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
value
reserve
£   
At 1 April 2023 (14,310 )
Non distributable reserve 22,044

At 31 March 2024 7,734