| Goodcare Dusks Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2024 |
|
|
| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
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Intangible fixed assets |
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Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than land and buildings, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
25% Reducing balance method |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Other financial liabilities are initially recognised at transaction price net of any transaction costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
15 |
|
14 |
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| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
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|
Cost |
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At 1 September 2023 |
709,000 |
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At 31 August 2024 |
709,000 |
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|
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|
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Amortisation |
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At 1 September 2023 |
41,720 |
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At 31 August 2024 |
41,720 |
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Net book value |
|
At 31 August 2024 |
667,280 |
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At 31 August 2023 |
667,280 |
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Goodwill is being written off in equal annual instalments over its estimated economic life of 50 years. |
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| 4 |
Tangible fixed assets |
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Land and buildings |
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Plant and machinery etc |
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Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 September 2023 |
533,820 |
|
52,808 |
|
586,628 |
|
Additions |
- |
|
381 |
|
381 |
|
At 31 August 2024 |
533,820 |
|
53,189 |
|
587,009 |
|
|
|
|
|
|
|
|
|
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Depreciation |
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At 1 September 2023 |
42,000 |
|
52,109 |
|
94,109 |
|
Charge for the year |
- |
|
278 |
|
278 |
|
At 31 August 2024 |
42,000 |
|
52,387 |
|
94,387 |
|
|
|
|
|
|
|
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Net book value |
|
At 31 August 2024 |
491,820 |
|
802 |
|
492,622 |
|
At 31 August 2023 |
491,820 |
|
699 |
|
492,519 |
|
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| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
176,009 |
|
150,660 |
|
Other debtors |
100,000 |
|
- |
|
|
|
|
|
|
276,009 |
|
150,660 |
|
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|
|
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| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
305,898 |
|
291,967 |
|
Taxation and social security costs |
(7,879) |
|
(10,926) |
|
Other creditors |
135,113 |
|
95,986 |
|
|
|
|
|
|
433,132 |
|
377,027 |
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| 7 |
Other information |
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Goodcare Dusks Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
412 Katherine Road |
|
London |
|
E7 8NP |