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Company No: 06327706 (England and Wales)

GOODLIFFE TECHNICAL SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

GOODLIFFE TECHNICAL SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

GOODLIFFE TECHNICAL SERVICES LIMITED

BALANCE SHEET

As at 31 July 2024
GOODLIFFE TECHNICAL SERVICES LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,387 2,263
1,387 2,263
Current assets
Cash at bank and in hand 11,235 16,183
11,235 16,183
Creditors: amounts falling due within one year 4 ( 10,338) ( 10,754)
Net current assets 897 5,429
Total assets less current liabilities 2,284 7,692
Net assets 2,284 7,692
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 2,184 7,592
Total shareholders' funds 2,284 7,692

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Goodliffe Technical Services Limited (registered number: 06327706) were approved and authorised for issue by the Director on 07 March 2025. They were signed on its behalf by:

Mrs S L Goodliffe
Director
GOODLIFFE TECHNICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
GOODLIFFE TECHNICAL SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Goodliffe Technical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3GW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

The company's existing trade ceased during the year, however has the intention to trade again in the future.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 August 2023 4,919 5,930 10,849
At 31 July 2024 4,919 5,930 10,849
Accumulated depreciation
At 01 August 2023 3,245 5,341 8,586
Charge for the financial year 419 457 876
At 31 July 2024 3,664 5,798 9,462
Net book value
At 31 July 2024 1,255 132 1,387
At 31 July 2023 1,674 589 2,263

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 0 1,521
Other creditors 10,338 9,233
10,338 10,754

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
85 Ordinary shares of £ 1.00 each 85 85
15 Ordinary A shares of £ 1.00 each 15 15
100 100