2023-10-012024-09-302024-09-30falseSC321185GOATIT LIMITED2025-03-1782990falseiso4217:GBPxbrli:pureSC3211852023-10-01SC3211852024-09-30SC3211852023-10-012024-09-30SC3211852022-10-01SC3211852023-09-30SC3211852022-10-012023-09-30SC321185bus:SmallEntities2023-10-012024-09-30SC321185bus:AuditExempt-NoAccountantsReport2023-10-012024-09-30SC321185bus:FullAccounts2023-10-012024-09-30SC321185bus:PrivateLimitedCompanyLtd2023-10-012024-09-30SC321185core:WithinOneYear2024-09-30SC321185core:AfterOneYear2024-09-30SC321185core:WithinOneYear2023-09-30SC321185core:AfterOneYear2023-09-30SC321185core:ShareCapital2024-09-30SC321185core:SharePremium2024-09-30SC321185core:RevaluationReserve2024-09-30SC321185core:OtherReservesSubtotal2024-09-30SC321185core:RetainedEarningsAccumulatedLosses2024-09-30SC321185core:ShareCapital2023-09-30SC321185core:SharePremium2023-09-30SC321185core:RevaluationReserve2023-09-30SC321185core:OtherReservesSubtotal2023-09-30SC321185core:RetainedEarningsAccumulatedLosses2023-09-30SC321185core:LandBuildings2024-09-30SC321185core:PlantMachinery2024-09-30SC321185core:Vehicles2024-09-30SC321185core:FurnitureFittings2024-09-30SC321185core:OfficeEquipment2024-09-30SC321185core:NetGoodwill2024-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2024-09-30SC321185core:ListedExchangeTraded2024-09-30SC321185core:UnlistedNon-exchangeTraded2024-09-30SC321185core:LandBuildings2023-09-30SC321185core:PlantMachinery2023-09-30SC321185core:Vehicles2023-09-30SC321185core:FurnitureFittings2023-09-30SC321185core:OfficeEquipment2023-09-30SC321185core:NetGoodwill2023-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2023-09-30SC321185core:ListedExchangeTraded2023-09-30SC321185core:UnlistedNon-exchangeTraded2023-09-30SC321185core:LandBuildings2023-10-012024-09-30SC321185core:PlantMachinery2023-10-012024-09-30SC321185core:Vehicles2023-10-012024-09-30SC321185core:FurnitureFittings2023-10-012024-09-30SC321185core:OfficeEquipment2023-10-012024-09-30SC321185core:NetGoodwill2023-10-012024-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC321185core:ListedExchangeTraded2023-10-012024-09-30SC321185core:UnlistedNon-exchangeTraded2023-10-012024-09-30SC321185core:MoreThanFiveYears2023-10-012024-09-30SC321185core:Non-currentFinancialInstruments2024-09-30SC321185core:Non-currentFinancialInstruments2023-09-30SC321185dpl:CostSales2023-10-012024-09-30SC321185dpl:DistributionCosts2023-10-012024-09-30SC321185core:LandBuildings2023-10-012024-09-30SC321185core:PlantMachinery2023-10-012024-09-30SC321185core:Vehicles2023-10-012024-09-30SC321185core:FurnitureFittings2023-10-012024-09-30SC321185core:OfficeEquipment2023-10-012024-09-30SC321185dpl:AdministrativeExpenses2023-10-012024-09-30SC321185core:NetGoodwill2023-10-012024-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-30SC321185dpl:GroupUndertakings2023-10-012024-09-30SC321185dpl:ParticipatingInterests2023-10-012024-09-30SC321185dpl:GroupUndertakingscore:ListedExchangeTraded2023-10-012024-09-30SC321185core:ListedExchangeTraded2023-10-012024-09-30SC321185dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-10-012024-09-30SC321185core:UnlistedNon-exchangeTraded2023-10-012024-09-30SC321185dpl:CostSales2022-10-012023-09-30SC321185dpl:DistributionCosts2022-10-012023-09-30SC321185core:LandBuildings2022-10-012023-09-30SC321185core:PlantMachinery2022-10-012023-09-30SC321185core:Vehicles2022-10-012023-09-30SC321185core:FurnitureFittings2022-10-012023-09-30SC321185core:OfficeEquipment2022-10-012023-09-30SC321185dpl:AdministrativeExpenses2022-10-012023-09-30SC321185core:NetGoodwill2022-10-012023-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-30SC321185dpl:GroupUndertakings2022-10-012023-09-30SC321185dpl:ParticipatingInterests2022-10-012023-09-30SC321185dpl:GroupUndertakingscore:ListedExchangeTraded2022-10-012023-09-30SC321185core:ListedExchangeTraded2022-10-012023-09-30SC321185dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-10-012023-09-30SC321185core:UnlistedNon-exchangeTraded2022-10-012023-09-30SC321185core:NetGoodwill2024-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2024-09-30SC321185core:LandBuildings2024-09-30SC321185core:PlantMachinery2024-09-30SC321185core:Vehicles2024-09-30SC321185core:FurnitureFittings2024-09-30SC321185core:OfficeEquipment2024-09-30SC321185core:AfterOneYear2024-09-30SC321185core:WithinOneYear2024-09-30SC321185core:ListedExchangeTraded2024-09-30SC321185core:UnlistedNon-exchangeTraded2024-09-30SC321185core:ShareCapital2024-09-30SC321185core:SharePremium2024-09-30SC321185core:RevaluationReserve2024-09-30SC321185core:OtherReservesSubtotal2024-09-30SC321185core:RetainedEarningsAccumulatedLosses2024-09-30SC321185core:NetGoodwill2023-09-30SC321185core:IntangibleAssetsOtherThanGoodwill2023-09-30SC321185core:LandBuildings2023-09-30SC321185core:PlantMachinery2023-09-30SC321185core:Vehicles2023-09-30SC321185core:FurnitureFittings2023-09-30SC321185core:OfficeEquipment2023-09-30SC321185core:AfterOneYear2023-09-30SC321185core:WithinOneYear2023-09-30SC321185core:ListedExchangeTraded2023-09-30SC321185core:UnlistedNon-exchangeTraded2023-09-30SC321185core:ShareCapital2023-09-30SC321185core:SharePremium2023-09-30SC321185core:RevaluationReserve2023-09-30SC321185core:OtherReservesSubtotal2023-09-30SC321185core:RetainedEarningsAccumulatedLosses2023-09-30SC321185core:NetGoodwill2022-10-01SC321185core:IntangibleAssetsOtherThanGoodwill2022-10-01SC321185core:LandBuildings2022-10-01SC321185core:PlantMachinery2022-10-01SC321185core:Vehicles2022-10-01SC321185core:FurnitureFittings2022-10-01SC321185core:OfficeEquipment2022-10-01SC321185core:AfterOneYear2022-10-01SC321185core:WithinOneYear2022-10-01SC321185core:ListedExchangeTraded2022-10-01SC321185core:UnlistedNon-exchangeTraded2022-10-01SC321185core:ShareCapital2022-10-01SC321185core:SharePremium2022-10-01SC321185core:RevaluationReserve2022-10-01SC321185core:OtherReservesSubtotal2022-10-01SC321185core:RetainedEarningsAccumulatedLosses2022-10-01SC321185core:AfterOneYear2023-10-012024-09-30SC321185core:WithinOneYear2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:CostValuation2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-10-012024-09-30SC321185core:Non-currentFinancialInstrumentscore:CostValuation2024-09-30SC321185core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-09-30SC321185core:Non-currentFinancialInstrumentscore:CostValuation2023-09-30SC321185core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-30SC321185core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-30SC321185bus:Director12023-10-012024-09-30

GOATIT LIMITED

Registered Number
SC321185
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2024

GOATIT LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

MACDOUGALL, Gordon

Company Secretary

MACDOUGALL, Christina

Registered Address

5 Eagle Street
1st Floor
Glasgow
G4 9XA

Registered Number

SC321185 (Scotland)
GOATIT LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors341,01068,521
Cash at bank and on hand276,892222,116
317,902290,637
Creditors amounts falling due within one year4(64,908)(43,072)
Net current assets (liabilities)252,994247,565
Total assets less current liabilities252,994247,565
Net assets252,994247,565
Capital and reserves
Called up share capital100100
Profit and loss account252,894247,465
Shareholders' funds252,994247,565
The financial statements were approved and authorised for issue by the Director on 17 March 2025, and are signed on its behalf by:
MACDOUGALL, Gordon
Director
Registered Company No. SC321185
GOATIT LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number is SC321185 and registered office address is 5 Eagle Street, 1st Floor, Glasgow, G4 9XA.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement
Trade and other 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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.
Trade and other 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.
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees
The company has no employees other than directors, who did not receive any remuneration.

20242023
Average number of employees during the year00
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables41,01041,010
Other debtors-27,511
Total41,01068,521
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1717
Taxation and social security1,227-
Other creditors61,61941,010
Accrued liabilities and deferred income2,0452,045
Total64,90843,072
5.Related party transactions
As at 30 September 2024, a company under common directorship was owed £20,609 (2023: £27,511 was owed to Goatit Limited) by Goatit Limited. There are no fixed repayment terms and no interest is charged on the balance.