2023-03-082024-03-312024-03-31false14716186TWO OLD GOATS LTD2024-12-03iso4217:GBPxbrli:pure147161862023-03-08147161862024-03-31147161862023-03-082024-03-31147161862023-03-07147161862023-03-07147161862023-03-072023-03-0714716186bus:SmallEntities2023-03-082024-03-3114716186bus:AuditExempt-NoAccountantsReport2023-03-082024-03-3114716186bus:FullAccounts2023-03-082024-03-3114716186bus:PrivateLimitedCompanyLtd2023-03-082024-03-3114716186core:WithinOneYear2024-03-3114716186core:AfterOneYear2024-03-3114716186core:WithinOneYear2023-03-0714716186core:AfterOneYear2023-03-0714716186core:ShareCapital2024-03-3114716186core:SharePremium2024-03-3114716186core:RevaluationReserve2024-03-3114716186core:OtherReservesSubtotal2024-03-3114716186core:RetainedEarningsAccumulatedLosses2024-03-3114716186core:ShareCapital2023-03-0714716186core:SharePremium2023-03-0714716186core:RevaluationReserve2023-03-0714716186core:OtherReservesSubtotal2023-03-0714716186core:RetainedEarningsAccumulatedLosses2023-03-0714716186core:LandBuildings2024-03-3114716186core:PlantMachinery2024-03-3114716186core:Vehicles2024-03-3114716186core:FurnitureFittings2024-03-3114716186core:OfficeEquipment2024-03-3114716186core:NetGoodwill2024-03-3114716186core:IntangibleAssetsOtherThanGoodwill2024-03-3114716186core:ListedExchangeTraded2024-03-3114716186core:UnlistedNon-exchangeTraded2024-03-3114716186core:LandBuildings2023-03-0714716186core:PlantMachinery2023-03-0714716186core:Vehicles2023-03-0714716186core:FurnitureFittings2023-03-0714716186core:OfficeEquipment2023-03-0714716186core:NetGoodwill2023-03-0714716186core:IntangibleAssetsOtherThanGoodwill2023-03-0714716186core:ListedExchangeTraded2023-03-0714716186core:UnlistedNon-exchangeTraded2023-03-0714716186core:LandBuildings2023-03-082024-03-3114716186core:PlantMachinery2023-03-082024-03-3114716186core:Vehicles2023-03-082024-03-3114716186core:FurnitureFittings2023-03-082024-03-3114716186core:OfficeEquipment2023-03-082024-03-3114716186core:NetGoodwill2023-03-082024-03-3114716186core:IntangibleAssetsOtherThanGoodwill2023-03-082024-03-3114716186core:ListedExchangeTraded2023-03-082024-03-3114716186core:UnlistedNon-exchangeTraded2023-03-082024-03-3114716186core:MoreThanFiveYears2023-03-082024-03-3114716186core:Non-currentFinancialInstruments2024-03-3114716186core:Non-currentFinancialInstruments2023-03-0714716186dpl:CostSales2023-03-082024-03-3114716186dpl:DistributionCosts2023-03-082024-03-3114716186core:LandBuildings2023-03-082024-03-3114716186core:PlantMachinery2023-03-082024-03-3114716186core:Vehicles2023-03-082024-03-3114716186core:FurnitureFittings2023-03-082024-03-3114716186core:OfficeEquipment2023-03-082024-03-3114716186dpl:AdministrativeExpenses2023-03-082024-03-3114716186core:NetGoodwill2023-03-082024-03-3114716186core:IntangibleAssetsOtherThanGoodwill2023-03-082024-03-3114716186dpl:GroupUndertakings2023-03-082024-03-3114716186dpl:ParticipatingInterests2023-03-082024-03-3114716186dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-082024-03-3114716186core:ListedExchangeTraded2023-03-082024-03-3114716186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-082024-03-3114716186core:UnlistedNon-exchangeTraded2023-03-082024-03-3114716186dpl:CostSales2023-03-072023-03-0714716186dpl:DistributionCosts2023-03-072023-03-0714716186core:LandBuildings2023-03-072023-03-0714716186core:PlantMachinery2023-03-072023-03-0714716186core:Vehicles2023-03-072023-03-0714716186core:FurnitureFittings2023-03-072023-03-0714716186core:OfficeEquipment2023-03-072023-03-0714716186dpl:AdministrativeExpenses2023-03-072023-03-0714716186core:NetGoodwill2023-03-072023-03-0714716186core:IntangibleAssetsOtherThanGoodwill2023-03-072023-03-0714716186dpl:GroupUndertakings2023-03-072023-03-0714716186dpl:ParticipatingInterests2023-03-072023-03-0714716186dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-072023-03-0714716186core:ListedExchangeTraded2023-03-072023-03-0714716186dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-072023-03-0714716186core:UnlistedNon-exchangeTraded2023-03-072023-03-0714716186core:NetGoodwill2024-03-3114716186core:IntangibleAssetsOtherThanGoodwill2024-03-3114716186core:LandBuildings2024-03-3114716186core:PlantMachinery2024-03-3114716186core:Vehicles2024-03-3114716186core:FurnitureFittings2024-03-3114716186core:OfficeEquipment2024-03-3114716186core:AfterOneYear2024-03-3114716186core:WithinOneYear2024-03-3114716186core:ListedExchangeTraded2024-03-3114716186core:UnlistedNon-exchangeTraded2024-03-3114716186core:ShareCapital2024-03-3114716186core:SharePremium2024-03-3114716186core:RevaluationReserve2024-03-3114716186core:OtherReservesSubtotal2024-03-3114716186core:RetainedEarningsAccumulatedLosses2024-03-3114716186core:NetGoodwill2023-03-0714716186core:IntangibleAssetsOtherThanGoodwill2023-03-0714716186core:LandBuildings2023-03-0714716186core:PlantMachinery2023-03-0714716186core:Vehicles2023-03-0714716186core:FurnitureFittings2023-03-0714716186core:OfficeEquipment2023-03-0714716186core:AfterOneYear2023-03-0714716186core:WithinOneYear2023-03-0714716186core:ListedExchange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TWO OLD GOATS LTD

Registered Number
14716186
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

TWO OLD GOATS LTD
Company Information
for the period from 8 March 2023 to 31 March 2024

Director

SHAKESHAFT, Alison Victoria

Registered Address

3 Church Square
Market Harborough
LE16 7NB

Registered Number

14716186 (England and Wales)
TWO OLD GOATS LTD
Statement of Financial Position
31 March 2024

Notes

2024

£

£

Fixed assets
Tangible assets36,711
6,711
Current assets
Stocks4500
Debtors1,421
Cash at bank and on hand4,631
6,552
Creditors amounts falling due within one year5(12,879)
Net current assets (liabilities)(6,327)
Total assets less current liabilities384
Net assets384
Capital and reserves
Called up share capital1
Profit and loss account383
Shareholders' funds384
The financial statements were approved and authorised for issue by the Director on 3 December 2024, and are signed on its behalf by:
SHAKESHAFT, Alison Victoria
Director
Registered Company No. 14716186
TWO OLD GOATS LTD
Notes to the Financial Statements
for the period 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
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2024
Average number of employees during the year8
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions7,8957,895
At 31 March 247,8957,895
Depreciation and impairment
Charge for year1,1841,184
At 31 March 241,1841,184
Net book value
At 31 March 246,7116,711
At 07 March 23--
4.Stocks

2024

£
Raw materials and consumables500
Total500
5.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables3,513
Taxation and social security9,053
Payments received on account134
Other creditors179
Total12,879