2023-04-012024-03-312024-03-31false07203484GOEL (BEDFORD) 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GOEL (BEDFORD) LIMITED

Registered Number
07203484
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

GOEL (BEDFORD) LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HASSAN, Puja Sana
HASSAN, Riaz
HASSAN, Tanya

Registered Address

Fulford Lodge
1 Heslington Lane
Fulford
YO10 4HW

Registered Number

07203484 (England and Wales)
GOEL (BEDFORD) LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4195,600190,584
195,600190,584
Current assets
Stocks57,5001,638
Debtors6109,2433,729
Cash at bank and on hand10,82239,381
127,56544,748
Creditors amounts falling due within one year7(176,775)(185,709)
Net current assets (liabilities)(49,210)(140,961)
Total assets less current liabilities146,39049,623
Creditors amounts falling due after one year8(119,138)-
Provisions for liabilities10(2,302)(2,302)
Net assets24,95047,321
Capital and reserves
Called up share capital100100
Profit and loss account24,85047,221
Shareholders' funds24,95047,321
The financial statements were approved and authorised for issue by the Board of Directors on 15 October 2024, and are signed on its behalf by:
HASSAN, Puja Sana
Director
HASSAN, Riaz
Director

Registered Company No. 07203484
GOEL (BEDFORD) LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Functional and presentation currency
The financial statements are presented in sterling, which is the functional currency of the entity.
Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
Revenue from sale of goods
The revenue shown in the profit and loss account represents income receivable from dental treatments carried out during the period. Revenue in respect of dental treatment uncompleted at the year end date is recognised by reference to the state of completion.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted, or substantively enacted, by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Office Equipment-3
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Stocks and work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing the stock to its present location and condition.
2.Average number of employees

20242023
Average number of employees during the year115
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 23360,000360,000
At 31 March 24360,000360,000
Amortisation and impairment
At 01 April 23360,000360,000
At 31 March 24360,000360,000
Net book value
At 31 March 24--
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 237,35418,865141,68249,121217,022
Additions43,7126,829--50,541
At 31 March 2451,06625,694141,68249,121267,563
Depreciation and impairment
At 01 April 237,35413,1702,1083,80626,438
Charge for year-2,50627,91515,10445,525
At 31 March 247,35415,67630,02318,91071,963
Net book value
At 31 March 2443,71210,018111,65930,211195,600
At 31 March 23-5,695139,57445,315190,584
5.Stocks

2024

2023

££
Raw materials and consumables7,5001,638
Total7,5001,638
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables950-
Amounts owed by group undertakings108,2931,529
Other debtors-2,200
Total109,2433,729
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,174181,646
Amounts owed to related parties108,538-
Finance lease and HP contracts58,000-
Accrued liabilities and deferred income4,0634,063
Total176,775185,709
8.Creditors: amounts due after one year

2024

2023

££
Other creditors119,138-
Total119,138-
9.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts119,138-
10.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,3022,302
Total2,3022,302