GOODERY C.I.C.

Company Registration Number:
12597820 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 1 June 2023

End date: 31 May 2024

GOODERY C.I.C.

Contents of the Financial Statements

for the Period Ended 31 May 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

GOODERY C.I.C.

Directors' report period ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Directors

The directors shown below have held office during the whole of the period from
1 June 2023 to 31 May 2024

Mr Joshua Smith
Mr Matthew St John


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 February 2025

And signed on behalf of the board by:
Name: Mr Joshua Smith
Status: Director

GOODERY C.I.C.

Profit And Loss Account

for the Period Ended 31 May 2024

2024 2023


£

£
Turnover: 291,920 288,835
Cost of sales: ( 197,740 ) ( 163,013 )
Gross profit(or loss): 94,180 125,822
Administrative expenses: ( 158,900 ) ( 153,688 )
Other operating income: 60
Operating profit(or loss): (64,720) (27,806)
Interest payable and similar charges: ( 12,785 ) ( 158 )
Profit(or loss) before tax: (77,505) (27,964)
Profit(or loss) for the financial year: (77,505) (27,964)

GOODERY C.I.C.

Balance sheet

As at 31 May 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets: 3 11,004 13,204
Tangible assets: 4 14,585 26,503
Total fixed assets: 25,589 39,707
Current assets
Stocks: 5 2,449 2,500
Debtors: 6 2,190 11,758
Cash at bank and in hand: 1,648 3,186
Total current assets: 6,287 17,444
Creditors: amounts falling due within one year: 7 ( 61,223 ) ( 29,042 )
Net current assets (liabilities): (54,936) (11,598)
Total assets less current liabilities: (29,347) 28,109
Creditors: amounts falling due after more than one year: 8 ( 121,200 ) ( 101,151 )
Total net assets (liabilities): (150,547) (73,042)
Capital and reserves
Called up share capital: 2 2
Share premium account: 184,277 184,277
Profit and loss account: (334,826 ) (257,321 )
Total Shareholders' funds: ( 150,547 ) (73,042)

The notes form part of these financial statements

GOODERY C.I.C.

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 21 February 2025
and signed on behalf of the board by:

Name: Mr Joshua Smith
Status: Director

The notes form part of these financial statements

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    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. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Sale of goods Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. Rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant & Machinery SL Motor Vehicles SL Fixtures & Fittings SL Computer Equipment SL

    Intangible fixed assets amortisation policy

    Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.

    Other accounting policies

    Stocks and Work in Progress Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 7

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 June 2023 22,006 22,006
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 22,006 22,006
Amortisation
At 1 June 2023 8,802 8,802
Charge for year 2,200 2,200
On disposals
Other adjustments
At 31 May 2024 11,002 11,002
Net book value
At 31 May 2024 11,004 11,004
At 31 May 2023 13,204 13,204

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2023 5,862 10,727 2,303 40,399 59,291
Additions
Disposals
Revaluations
Transfers
At 31 May 2024 5,862 10,727 2,303 40,399 59,291
Depreciation
At 1 June 2023 1,578 5,588 1,382 24,240 32,788
Charge for year 772 2,145 921 8,080 11,918
On disposals
Other adjustments
At 31 May 2024 2,350 7,733 2,303 32,320 44,706
Net book value
At 31 May 2024 3,512 2,994 0 8,079 14,585
At 31 May 2023 4,284 5,139 921 16,159 26,503

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Stocks

2024 2023
£ £
Stocks 2,449 2,500
Total 2,449 2,500

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors

2024 2023
£ £
Trade debtors 8,219
Other debtors 2,190 3,539
Total 2,190 11,758

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 11,753 4,701
Trade creditors 30,661 19,432
Taxation and social security 1,828 2,557
Other creditors 16,981 2,352
Total 61,223 29,042

GOODERY C.I.C.

Notes to the Financial Statements

for the Period Ended 31 May 2024

8. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 60,485 45,427
Other creditors 60,715 55,724
Total 121,200 101,151

COMMUNITY INTEREST ANNUAL REPORT

GOODERY C.I.C.

Company Number: 12597820 (England and Wales)

Year Ending: 31 May 2024

Company activities and impact

Within the financial year (01.06.23 to 31.05.24), Goodery C.I.C.has provided customers with Organic, local, fresh produce prioritising vegetables grown by small scale market gardeners in Norfolk and Suffolk and Cambridgeshire. The company has provided employment and training for a Head Grower and four assistant/trainee growers at the community Goodery Garden in Bintree. The company has also held open days and volunteering sessions at the garden. The customer segment of our community has been benefited by access to better food, grown locally and by access to our land. The grower segment of our community has benefited through access to market. Our wider community has benefited through carbon emission reduction, healthier soil and environment, stronger local food security. We have also donated to local foodbanks.

Consultation with stakeholders

The company’s direct stakeholders are our staff, customers and suppliers. We consult our customers on a bi-annual basis through customer feedback surveys and ask for feedback after open days. In response to this we have improved our range of organic goods and invested in better equipment and infrastructure at the farm, in order to better host open days. We ask our suppliers for feedback on what they would like to grow for us and if there’s any way we can better sell their goods. In response to this we have changed the way we construct our seasonal boxes, including more of what is in season in the region and less of what has been imported. Our open days are also used for consultation and direction for our social impact work.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 February 2025

And signed on behalf of the board by:
Name: Mr Joshua Smith
Status: Director