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REGISTERED NUMBER: 10182960 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

GO2SIM LIMITED

GO2SIM LIMITED (REGISTERED NUMBER: 10182960)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GO2SIM LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mr T Bealey
Mr S R Powley





REGISTERED OFFICE: The Guardhouse
The Historic Dockyard
Chatham
Kent
ME4 4TE





REGISTERED NUMBER: 10182960 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Ltd
159 High Street
Barnet
Hertfordshire
EN5 5SU

GO2SIM LIMITED (REGISTERED NUMBER: 10182960)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,295 22,139
Investments 5 750 750
22,045 22,889

CURRENT ASSETS
Stocks 62,735 71,799
Debtors 103,157 71,209
Cash at bank 273,117 215,112
439,009 358,120
CREDITORS
Amounts falling due within one year (237,242 ) (129,724 )
NET CURRENT ASSETS 201,767 228,396
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,812

251,285

CREDITORS
Amounts falling due after more than one
year

(10,506

)

(20,753

)
NET ASSETS 213,306 230,532

CAPITAL AND RESERVES
Called up share capital 1,267 1,267
Share premium 199,711 199,711
Capital redemption reserve 50 50
Retained earnings 12,278 29,504
SHAREHOLDERS' FUNDS 213,306 230,532

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GO2SIM LIMITED (REGISTERED NUMBER: 10182960)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:




Mr T Bealey - Director



Mr S R Powley - Director


GO2SIM LIMITED (REGISTERED NUMBER: 10182960)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Go2Sim Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance, 30% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

GO2SIM LIMITED (REGISTERED NUMBER: 10182960)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 65,947
Additions 6,358
At 31 May 2024 72,305
DEPRECIATION
At 1 June 2023 43,808
Charge for year 7,202
At 31 May 2024 51,010
NET BOOK VALUE
At 31 May 2024 21,295
At 31 May 2023 22,139

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2023
and 31 May 2024 750
NET BOOK VALUE
At 31 May 2024 750
At 31 May 2023 750