Company registration number: 05596219
Unaudited financial statements
for the year ended 31 October 2024
for
Godwin Mcad Limited
Pages for filing with the Registrar
Godwin Mcad Limited
Accountants' Report to the Board of Directors for the preparation of the unaudited
financial statements
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Godwin Mcad Limited for the year ended 31 October 2024 which comprise the Profit and loss account, Balance sheet and the notes to the financial statements 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 Godwin Mcad Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Godwin Mcad Limited 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 Godwin Mcad Limited and its Board of Directors, as a body, for our work, or for this report.
It is your duty to ensure that Godwin Mcad Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Godwin Mcad Limited. You consider that Godwin Mcad Limited 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 Godwin Mcad Limited. 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 financial statements.
Horley and Stone Ltd
Finance House
221B Tamworth Road
Long Eaton
Nottingham
British Forces
NG10 1DN
United Kingdom
Date: 12 November 2024
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Company registration number: 05596219
Godwin Mcad Limited
Balance sheet
as at 31 October 2024
2024 2023
£ £ £ £
Current assets
Debtors 13,287 -
Cash at bank and in hand 83,837 73,200
97,124 73,200
Creditors: amounts falling due within
one year
32,001 26,810
Net current assets 129,125 100,010
Creditors: Amounts falling due after
more than one year
15,468 -
NET ASSETS 144,593 100,010
Capital and reserves
Called up share capital 100 100
Profit and loss account 144,493 99,910
TOTAL EQUITY 144,593 100,010
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 05596219
Godwin Mcad Limited
Balance sheet - continued
as at 31 October 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 13 November 2024 and signed on its behalf by:
Mr K Godwin, Director Mrs S Godwin, Director
13 November 2024 13 November 2024
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Godwin Mcad Limited
Notes to the financial statements
for the year ended 31 October 2024
1 Company information
Godwin Mcad Limited is a private company registered in England and Wales. Its registered number is 05596219. The company is limited by shares. Its registered office is 2 Castle Close, Bottesford, Nottingham, NG13 0EH.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
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