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Registration number: 13870171

Goosemoor Educatering Limited

Filleted Financial Statements

for the Year Ended 29 February 2024

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 7

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Company Information

Directors

Mr John H A Pritchard

Mr George Pritchard

Mr Jamie Walsh

Mr Ben G J Pritchard

Mr Morley A Sage

Registered office

28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

Auditors

Thompson Jenner LLP
Statutory Auditors
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

308,834

142,960

Cash at bank and in hand

 

305,512

20,436

 

614,346

163,396

Creditors: Amounts falling due within one year

5

(583,393)

(131,726)

Net assets

 

30,953

31,670

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

30,853

31,570

Total equity

 

30,953

31,670

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 November 2024 and signed on its behalf by:
 

.........................................
Mr John H A Pritchard
Director

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Notes to the Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 28 November 2024 was David Tucker, who signed for and on behalf of Thompson Jenner LLP.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Notes to the Financial Statements for the Year Ended 29 February 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Notes to the Financial Statements for the Year Ended 29 February 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 5).

4

Debtors

Note

2024
£

2023
£

Trade debtors

 

284,986

128,471

Amounts owed by group undertakings and undertakings in which the company has a participating interest

-

7,000

Other debtors

 

530

289

Prepayments and accrued income

 

23,318

7,200

Total current trade and other debtors

 

308,834

142,960

 

Goosemoor Educatering Limited
(Registration number: 13870171)

Notes to the Financial Statements for the Year Ended 29 February 2024

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

3,734

-

Amounts owed to group undertakings and undertakings in which the company has a participating interest

498,124

79,701

Taxation and social security

 

62,019

42,849

Other creditors

 

4,265

1,438

Accrued expenses

 

2,900

397

Deferred income

 

12,351

7,341

 

583,393

131,726

6

Financial commitments, guarantees and contingencies

There is an unlimited multilateral guarantee in place between Goosemoor Educatering Limited, Goosemoor Limited and Goosemoor Foodservice Limited in favour of HSBC. The directors consider that the amount expected to be paid in respect of this guarantee is £nil (2023 : £nil).

7

Parent and ultimate parent undertaking

The company's immediate parent is Goosemoor Limited, incorporated in England & Wales.

 The most senior parent entity producing publicly available financial statements is Goosemoor Limited. These financial statements are available upon request from Companies House.