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REGISTERED NUMBER: 05737235















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Richard Godsell (Southbourne) Limited

Richard Godsell (Southbourne) Limited (Registered number: 05737235)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Richard Godsell (Southbourne) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A F McCall
S Mason





SECRETARY:





REGISTERED OFFICE: 3 Southbourne Grove
Southbourne
Bournemouth
Dorset
BH6 3RE





REGISTERED NUMBER: 05737235





ACCOUNTANTS: Gervis
6 Wick Lane
Christchurch
Dorset
BH23 1HX

Richard Godsell (Southbourne) Limited (Registered number: 05737235)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,500 15,750
Tangible assets 5 16,733 16,222
27,233 31,972

CURRENT ASSETS
Debtors 6 16,461 19,716
Cash at bank and in hand 173,803 272,346
190,264 292,062
CREDITORS
Amounts falling due within one year 7 20,116 42,819
NET CURRENT ASSETS 170,148 249,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

197,381

281,215

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 197,281 281,115
SHAREHOLDERS' FUNDS 197,381 281,215

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Richard Godsell (Southbourne) Limited (Registered number: 05737235)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:




A F McCall - Director



S Mason - Director


Richard Godsell (Southbourne) Limited (Registered number: 05737235)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Richard Godsell (Southbourne) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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 2006, is being amortised evenly over its estimated useful life of twenty 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 - 20% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Richard Godsell (Southbourne) Limited (Registered number: 05737235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 110,687
AMORTISATION
At 1 April 2023 94,937
Charge for year 5,250
At 31 March 2024 100,187
NET BOOK VALUE
At 31 March 2024 10,500
At 31 March 2023 15,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 47,731
Additions 4,694
At 31 March 2024 52,425
DEPRECIATION
At 1 April 2023 31,509
Charge for year 4,183
At 31 March 2024 35,692
NET BOOK VALUE
At 31 March 2024 16,733
At 31 March 2023 16,222

Richard Godsell (Southbourne) Limited (Registered number: 05737235)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 4,000 17,800
Other debtors 10,499 -
Deferred tax asset 230 184
Prepayments 1,732 1,732
16,461 19,716

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 411 455
Trade creditors 7,444 15,417
Tax (1,169 ) 14,447
VAT 10,585 8,989
Directors' current accounts - 801
Accountancy 2,845 2,710
20,116 42,819

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 281,115
Deficit for the year (13,834 )
Dividends (70,000 )
At 31 March 2024 197,281

10. ULTIMATE CONTROLLING PARTY



The ultimate controlling party is A F McCall by virtue of his 55% ownership of the company's issued share capital.