Go There Group Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 1, 1C Uppingham Gate, Ayston Road, Uppingham, LE15 9NY.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The average monthly number of persons (including directors) employed by the company during the year was:
Summary of transactions with other related parties
Associated Company A
During the year Go There Group provided services to company A totalling £11,584 (2023 - £15,875). At the balance sheet date the total amount due to Go There Group is £6,046 (2023 - £1,639).
During the year Go There Group received services from company A totalling £93,237 (2023 - £135,585). At the balance sheet date the total amount due from Go There Group is £60,349 (2023 - £8,941).
During the year The Go There Group operated an interest free loan with company A. The amount due from Go There Group is £18,170 (2023 - £18,170).
Associated Company B
During the year Go There Group provided services to company B totalling £132 (2023 - £830). At the balance sheet date the total amount due to Go There Group is £132 (2023 - £31).
During the year Go There Group operated an interest free loan with company B. The amount due from Go There Group is £51,571 (2023 - £11,571).
Associated Company C
During the Go There Group provided services to company C totalling £7,436 (2023 - £101,413). At the balance sheet date the total amount due to Go There Group is £6,858 (2023 - £83,723).
During the year Go There Group received services from company C totalling £92,135 (2023 - £31,267). At the balance sheet date the total amount due from Go There Group is £16,166 (2023 - £20,249).
During the year Go There Group operated an interest free loan with company C. The amount due from Go There Group is £15,000 (2023 - £16,271).
Associated Company D
During the year Go There Group provided services to company D totalling £380 (2023 - £6,528). At the balance sheet date the total amount due to Go There Group is £380 (2023 - £1,373).
During the year Go There Group received services from company D totalling £2,145 (2023 - £35). At the balance sheet date the total amount due from Go There Group is £32 (2023 - £nil).
During the year Go There Group operated an interest free loan with company D. The amount due to Go There Group is £16,570 (2023 - £16,570).