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
GO GO CHEMIST LIMITED
Company Information
for the year ended 31 January 2024
Company Number
07132827 (England and Wales)
Registered Office
12 Pembridge Road
London
W11 3HL
ENGLAND
GO GO CHEMIST LIMITED
Statement of financial position
as at 31 January 2024
Intangible assets
92,534
145,443
Tangible assets
30,115
21,916
Debtors
1,306,918
1,646,596
Cash at bank and in hand
67,992
3,098
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
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
GO GO CHEMIST LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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.
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Intangible fixed assets
Goodwill
At 1 February 2023
423,866
At 31 January 2024
423,866
At 1 February 2023
278,423
Charge for the year
52,909
At 31 January 2024
331,332
At 31 January 2023
145,443
GO GO CHEMIST LIMITED
Notes to the Accounts
for the year ended 31 January 2024
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Tangible fixed assets
Plant & machinery
At 1 February 2023
102,996
At 31 January 2024
121,231
Charge for the year
10,036
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
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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
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Creditors: amounts falling due after more than one year
2024
2023
Other creditors
415,684
628,864
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 13 (2023: 13).