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Company Registration No. 06437413 (England and Wales)
Good Aim Limited Unaudited accounts for the year ended 31 March 2024
Good Aim Limited Unaudited accounts Contents
Page
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Good Aim Limited Company Information for the year ended 31 March 2024
Directors
Pratap Patel Anneka Halai Sarika Vekaria Vickisha Khetani
Secretary
Vibhuti Patel
Company Number
06437413 (England and Wales)
Registered Office
42 Bullescroft Road Edgware Middlesex HA8 8RW
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Good Aim Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
5,773 
Tangible assets
1,242,761 
1,251,840 
1,242,761 
1,257,613 
Current assets
Inventories
94,570 
103,387 
Debtors
209,136 
577,125 
Cash at bank and in hand
637,153 
525,367 
940,859 
1,205,879 
Creditors: amounts falling due within one year
(135,469)
(196,901)
Net current assets
805,390 
1,008,978 
Net assets
2,048,151 
2,266,591 
Capital and reserves
Called up share capital
90 
90 
Profit and loss account
2,048,061 
2,266,501 
Shareholders' funds
2,048,151 
2,266,591 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by
Pratap Patel Director Company Registration No. 06437413
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Good Aim Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Good Aim Limited is a private company, limited by shares, registered in England and Wales, registration number 06437413. The registered office is 42 Bullescroft Road, Edgware, Middlesex, HA8 8RW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight line
Fixtures & fittings
20% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Good Aim Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 April 2023
520,000 
At 31 March 2024
520,000 
Amortisation
At 1 April 2023
514,227 
Charge for the year
5,773 
At 31 March 2024
520,000 
Net book value
At 31 March 2024
- 
At 31 March 2023
5,773 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
1,465,550 
At 31 March 2024
1,465,550 
Depreciation
At 1 April 2023
213,710 
Charge for the year
9,079 
At 31 March 2024
222,789 
Net book value
At 31 March 2024
1,242,761 
At 31 March 2023
1,251,840 
6
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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