Registered number
09525055
Clumsy Goat Ltd
Unaudited Filleted Accounts
29 April 2024
Clumsy Goat Ltd
Registered number: 09525055
Balance Sheet
as at 29 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,588 25,692
Current assets
Stocks 274,146 189,146
Debtors 4 67,646 91,371
Cash at bank and in hand 77,044 101,379
418,836 381,896
Creditors: amounts falling due within one year 5 (228,591) (222,383)
Net current assets 190,245 159,513
Total assets less current liabilities 215,833 185,205
Creditors: amounts falling due after more than one year 6 (52,692) (86,548)
Net assets 163,141 98,657
Capital and reserves
Called up share capital 100 100
Profit and loss account 163,041 98,557
Shareholder's funds 163,141 98,657
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Thomas H Hughes
Director
Approved by the board on 27 January 2025
Clumsy Goat Ltd
Notes to the Accounts
for the year ended 29 April 2024
1 Accounting policies
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).
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Website and development None
Fixtures and fittings 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Website & development costs Fixtures & fittings Total
£ £ £
Cost
At 30 April 2023 25,000 2,151 27,151
At 29 April 2024 25,000 2,151 27,151
Depreciation
At 30 April 2023 - 1,459 1,459
Charge for the year - 104 104
At 29 April 2024 - 1,563 1,563
Net book value
At 29 April 2024 25,000 588 25,588
At 29 April 2023 25,000 692 25,692
4 Debtors 2024 2023
£ £
Trade debtors 64,863 91,371
Other debtors 2,783 -
67,646 91,371
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bounce back loan 10,000 10,000
Obligations under finance lease and hire purchase contracts 10,000 10,000
Trade creditors 132,727 145,092
Taxation and social security costs 74,752 56,316
Other creditors 1,112 975
228,591 222,383
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bounce back loan 10,833 20,833
Obligations under finance lease and hire purchase contracts 5,833 15,833
Director's loan account 36,026 49,882
52,692 86,548
7 Other information
Clumsy Goat Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Chesterfield House
Lloyd Street
Whitworth
Rochdale
OL12 8AA
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