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COMPANY REGISTRATION NUMBER: 1490336
MICHAEL GOEDHUIS LIMITED
Filleted Unaudited Financial Statements
31 October 2024
MICHAEL GOEDHUIS LIMITED
Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of MICHAEL GOEDHUIS LIMITED
Year ended 31 October 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
WHITEFIELD & CO Chartered Certified Accountants
8 Wolsey Mansions Main Avenue Moor Park Middlesex HA6 2HL
21 February 2025
MICHAEL GOEDHUIS LIMITED
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
4,083
5,153
Current assets
Stocks
213,670
297,450
Debtors
6
249,800
203,128
Investments
7
553,188
Cash at bank and in hand
100,766
1,396,024
------------
------------
1,117,424
1,896,602
Creditors: amounts falling due within one year
8
325,842
477,700
------------
------------
Net current assets
791,582
1,418,902
---------
------------
Total assets less current liabilities
795,665
1,424,055
Provisions
Taxation including deferred tax
748
1,646
---------
------------
Net assets
794,917
1,422,409
---------
------------
Capital and reserves
Called up share capital
250
250
Profit and loss account
794,667
1,422,159
---------
------------
Shareholder funds
794,917
1,422,409
---------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
MICHAEL GOEDHUIS LIMITED
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 21 February 2025 , and are signed on behalf of the board by:
Mr M A Goedhuis
Director
Company registration number: 1490336
MICHAEL GOEDHUIS LIMITED
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Moor Park, Middlesex, HA6 2HL.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings
-
15% reducing balance
Computer Equipment
-
33% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 5 ).
4. Dividends
2024
2023
£
£
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year )
206,000
292,000
---------
---------
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 November 2023 and 31 October 2024
124,912
9,323
134,235
---------
-------
---------
Depreciation
At 1 November 2023
121,415
7,667
129,082
Charge for the year
524
546
1,070
---------
-------
---------
At 31 October 2024
121,939
8,213
130,152
---------
-------
---------
Carrying amount
At 31 October 2024
2,973
1,110
4,083
---------
-------
---------
At 31 October 2023
3,497
1,656
5,153
---------
-------
---------
6. Debtors
2024
2023
£
£
Trade debtors
71,742
148,367
Other debtors
178,058
54,761
---------
---------
249,800
203,128
---------
---------
7. Investments
2024
2023
£
£
Other investments - U K Treasury Gilt
553,188
---------
----
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
148,353
209,999
Corporation tax
234,394
Social security and other taxes
121,344
16,549
Other creditors
56,145
16,758
---------
---------
325,842
477,700
---------
---------