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REGISTERED NUMBER: 12140127 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GOODCHILDS OF WALMER LIMITED

GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODCHILDS OF WALMER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D E Goodchild
Mrs R L Goodchild





REGISTERED OFFICE: 9 Cornfield Row
DEAL
Kent
CT14 9FS





REGISTERED NUMBER: 12140127 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Charlton House
Dour Street
DOVER
Kent
CT16 1BL

GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,109
Tangible assets 5 8,007 9,924
8,007 13,033

CURRENT ASSETS
Stocks 6,500 10,000
Debtors 6 3,186 3,064
Cash at bank 3,846 6,659
13,532 19,723
CREDITORS
Amounts falling due within one year 7 35,314 34,600
NET CURRENT LIABILITIES (21,782 ) (14,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,775

)

(1,844

)

PROVISIONS FOR LIABILITIES 210 1,132
NET LIABILITIES (13,985 ) (2,976 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (14,085 ) (3,076 )
SHAREHOLDERS' FUNDS (13,985 ) (2,976 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)

BALANCE SHEET - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mrs R L Goodchild - Director


GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Goodchilds of Walmer Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal place of business is 317 Dover Road, Walmer, Kent, CT14 7NX.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis which assumes the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,541
AMORTISATION
At 1 September 2023 12,432
Amortisation for year 3,109
At 31 August 2024 15,541
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 3,109

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023 27,068
Additions 752
At 31 August 2024 27,820
DEPRECIATION
At 1 September 2023 17,144
Charge for year 2,669
At 31 August 2024 19,813
NET BOOK VALUE
At 31 August 2024 8,007
At 31 August 2023 9,924

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,473 1,508
Other debtors 1,713 1,556
3,186 3,064

GOODCHILDS OF WALMER LIMITED (REGISTERED NUMBER: 12140127)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,307 3,943
Social security and other taxes - 534
Directors' current accounts 29,509 28,318
Other creditors and accruals 1,498 1,805
35,314 34,600

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £27,300 (2023 - £32,500).

10. GOING CONCERN

The financial statements have been prepared on the going concern basis. The directors consider this basis to be appropriate as the company continues to receive the support of its directors.