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Company Registration No. 07132827 (England and Wales)
GO GO CHEMIST LIMITED Unaudited accounts for the year ended 31 January 2024
GO GO CHEMIST LIMITED Unaudited accounts Contents
Page
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GO GO CHEMIST LIMITED Company Information for the year ended 31 January 2024
Director
NAVID MASOUD
Company Number
07132827 (England and Wales)
Registered Office
12 Pembridge Road London W11 3HL ENGLAND
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GO GO CHEMIST LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
92,534 
145,443 
Tangible assets
30,115 
21,916 
122,649 
167,359 
Current assets
Inventories
94,612 
87,337 
Debtors
1,306,918 
1,646,596 
Cash at bank and in hand
67,992 
3,098 
1,469,522 
1,737,031 
Creditors: amounts falling due within one year
(673,191)
(745,023)
Net current assets
796,331 
992,008 
Total assets less current liabilities
918,980 
1,159,367 
Creditors: amounts falling due after more than one year
(415,684)
(628,864)
Provisions for liabilities
Deferred tax
(5,723)
(4,166)
Net assets
497,573 
526,337 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
497,473 
526,237 
Shareholders' funds
497,573 
526,337 
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 29 October 2024 and were signed on its behalf by
NAVID MASOUD Director Company Registration No. 07132827
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GO GO CHEMIST LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
GO GO CHEMIST LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07132827. The registered office is 12 Pembridge Road, London, W11 3HL, ENGLAND.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Goodwill & lease premium are being written off in equal annual instalments over their estimated economic life of 10 years. Goodwill and Lease were acquired prior to 8th July 15.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
423,866 
At 31 January 2024
423,866 
Amortisation
At 1 February 2023
278,423 
Charge for the year
52,909 
At 31 January 2024
331,332 
Net book value
At 31 January 2024
92,534 
At 31 January 2023
145,443 
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GO GO CHEMIST LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2023
102,996 
Additions
18,235 
At 31 January 2024
121,231 
Depreciation
At 1 February 2023
81,080 
Charge for the year
10,036 
At 31 January 2024
91,116 
Net book value
At 31 January 2024
30,115 
At 31 January 2023
21,916 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,209,083 
1,477,885 
Accrued income and prepayments
46,700 
46,700 
Other debtors
51,135 
122,011 
1,306,918 
1,646,596 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
233,333 
394,937 
Trade creditors
380,968 
239,532 
Taxes and social security
23,861 
86,984 
Other creditors
35,029 
23,570 
673,191 
745,023 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
415,684 
628,864 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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