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REGISTERED NUMBER: 07942162 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Goodridge Electrical Limited

Goodridge Electrical Limited (Registered number: 07942162)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Goodridge Electrical Limited

Company Information
for the year ended 29 February 2024







DIRECTOR: N J Goodridge





REGISTERED OFFICE: Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE





REGISTERED NUMBER: 07942162 (England and Wales)





ACCOUNTANTS: ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Goodridge Electrical Limited (Registered number: 07942162)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 772 1,543
772 1,543

CURRENT ASSETS
Debtors 6 11,793 12,427
Cash at bank 27,838 17,812
39,631 30,239
CREDITORS
Amounts falling due within one year 7 23,718 22,143
NET CURRENT ASSETS 15,913 8,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,685

9,639

PROVISIONS FOR LIABILITIES 147 293
NET ASSETS 16,538 9,346

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,438 9,246
SHAREHOLDERS' FUNDS 16,538 9,346

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 director acknowledges his 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.

Goodridge Electrical Limited (Registered number: 07942162)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:





N J Goodridge - Director


Goodridge Electrical Limited (Registered number: 07942162)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Goodridge Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 2016, is being amortised evenly over its estimated useful life of five 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 cost

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 statement of financial position date.


Goodridge Electrical Limited (Registered number: 07942162)

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 statement of financial position 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.

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 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 10,000
AMORTISATION
At 1 March 2023
and 29 February 2024 10,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

The company purchased the goodwill, trade contracts and assets of the sole trade of Nigel Goodridge during March 2016 who is a Director of this company.

Goodridge Electrical Limited (Registered number: 07942162)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 3,026
DEPRECIATION
At 1 March 2023 1,483
Charge for year 771
At 29 February 2024 2,254
NET BOOK VALUE
At 29 February 2024 772
At 28 February 2023 1,543

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 3,552
Other debtors 11,793 8,875
11,793 12,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,188 4,858
Taxation and social security 17,418 15,222
Other creditors 1,112 2,063
23,718 22,143

8. RELATED PARTY DISCLOSURES

Included within other debtors are amounts owed by Gel-Tag Limited of £1,894 (2023: Nil), a company that is under duel control by the director of Goodridge Electrical Limited.

9. ULTIMATE CONTROLLING PARTY

The controlling party is N J Goodridge.