Company registration number 05851475 (England and Wales)
R GOULD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
R GOULD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
R GOULD LIMITED (REGISTERED NUMBER: 05851475)
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
23,089
26,595
Current assets
Debtors
4
92,735
92,735
Cash at bank and in hand
71
71
92,806
92,806
Creditors: amounts falling due within one year
5
(90,884)
(90,696)
Net current assets
1,922
2,110
Total assets less current liabilities
25,011
28,705
Creditors: amounts falling due after more than one year
6
(148,999)
(148,999)
Net liabilities
(123,988)
(120,294)
Capital and reserves
Called up share capital
7
3
3
Profit and loss reserves
(123,991)
(120,297)
Total equity
(123,988)
(120,294)
R GOULD LIMITED (REGISTERED NUMBER: 05851475)
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 6 May 2025
R Gould
Director
R GOULD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
R Gould Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, Kent, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The balance sheet shows net liabilities. A bounce-back loan and a CBILS loan make up the majority of the creditors of the company.
1.3
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
R GOULD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
87,660
Amortisation and impairment
At 1 April 2024
61,065
Amortisation charged for the year
3,506
At 31 March 2025
64,571
Carrying amount
At 31 March 2025
23,089
At 31 March 2024
26,595
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,761
9,761
Other debtors
82,974
82,974
92,735
92,735
Included within other debtors is a directors' loan of £61,686 (2024 : £61,686).
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
71,554
71,554
Taxation and social security
15,480
15,292
Other creditors
3,850
3,850
90,884
90,696
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
148,999
148,999
R GOULD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1
1
1
1
Ordinary A of £1 each
1
1
1
1
Ordinary B of £1 each
1
1
1
1
3
3
3
3
8
Financial commitments, guarantees and contingent liabilities
Included within loans is an amount of £162,805 (2024 : £162,805) borrowed as part of the CBIL scheme in 2021.
The initial amount borrowed was £153,000 and as part of the loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.
The loan now attracts an interest rate of 10.10%.
Included within loans is an amount of £32,816 (2024 : £32,816) borrowed as part of the CBIL scheme in 2021.
The initial amount borrowed was £50,000 and as part of the loan scheme the UK government guaranteed the advance and paid the interest and fees due for the first 12 months.
The loan now attracts an interest rate of 0%.
9
Related party transactions
At the year-end, £3,850 was owed by the company to a related party (2024: £3,850).