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Company Registration No. NI676718 (Northern Ireland)
The Bearded Goat Industries Ltd Unaudited accounts for the year ended 29 February 2024
The Bearded Goat Industries Ltd Unaudited accounts Contents
Page
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The Bearded Goat Industries Ltd Company Information for the year ended 29 February 2024
Director
Adam Robson
Company Number
NI676718 (Northern Ireland)
Registered Office
23 GRAYS HILL BANGOR BT20 3BB NORTHERN IRELAND
Accountants
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE
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The Bearded Goat Industries Ltd Accountants' report
Accountants' report to the director of The Bearded Goat Industries Ltd on the preparation of the unaudited statutory accounts for the year ended 29 February 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 Bearded Goat Industries Ltd for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of The Bearded Goat Industries Ltd, as a body, in accordance with the terms of our engagement letter dated 1 September 2021. Our work has been undertaken solely to prepare for your approval the accounts of The Bearded Goat Industries Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bearded Goat Industries Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Bearded Goat Industries Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Bearded Goat Industries Ltd. You consider that The Bearded Goat Industries Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Bearded Goat Industries Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DJB Accounting Ltd 34 Knockmoyle Drive Greystone Road Antrim BT41 1HE 2 November 2024
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The Bearded Goat Industries Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,721 
11,946 
Current assets
Cash at bank and in hand
5,349 
14,950 
Creditors: amounts falling due within one year
(34,251)
(47,507)
Net current liabilities
(28,902)
(32,557)
Net liabilities
(23,181)
(20,611)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(23,182)
(20,612)
Shareholders' funds
(23,181)
(20,611)
For the year ending 29 February 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 2 November 2024 and were signed on its behalf by
Adam Robson Director Company Registration No. NI676718
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The Bearded Goat Industries Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
The Bearded Goat Industries Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI676718. The registered office is 23 GRAYS HILL, BANGOR, BT20 3BB, NORTHERN IRELAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
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:
Fixtures & fittings
20% Straight Line
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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The Bearded Goat Industries Ltd Notes to the Accounts for the year ended 29 February 2024
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
18,171 
At 29 February 2024
18,171 
Depreciation
At 1 March 2023
6,225 
Charge for the year
6,225 
At 29 February 2024
12,450 
Net book value
At 29 February 2024
5,721 
At 28 February 2023
11,946 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
5,603 
(7,808)
Loans from directors
28,648 
54,535 
Accruals
- 
780 
34,251 
47,507 
6
Average number of employees
During the year the average number of employees was 5 (2023: 6).
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