2023-06-012024-05-312024-05-31false05560770GOOD ENTERPRISE 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GOOD ENTERPRISE LIMITED

Registered Number
05560770
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

GOOD ENTERPRISE LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

JIANG, Yiping
JIANG, Yiping

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

05560770 (England and Wales)
GOOD ENTERPRISE LIMITED
Statement of Financial Position
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,1633,766
6,1633,766
Current assets
Debtors4,51,175,035582,201
Cash at bank and on hand512,3731,000,616
1,687,4081,582,817
Creditors amounts falling due within one year6(15,070)(5,942)
Net current assets (liabilities)1,672,3381,576,875
Total assets less current liabilities1,678,5011,580,641
Creditors amounts falling due after one year7(2,338,344)(2,014,511)
Provisions for liabilities8(1,541)(772)
Net assets(661,384)(434,642)
Capital and reserves
Called up share capital100100
Profit and loss account(661,484)(434,742)
Shareholders' funds(661,384)(434,642)
The financial statements were approved and authorised for issue by the Board of Directors on 30 May 2025, and are signed on its behalf by:
JIANG, Yiping
Director
Registered Company No. 05560770
GOOD ENTERPRISE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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 profit or loss.
Deferred tax
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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Straight line (years)
Fixtures and fittings2,266
Office Equipment3,896
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 23-3,8303,830
Additions-978978
Transfers2,386-2,386
At 31 May 242,3864,8087,194
Depreciation and impairment
At 01 June 23-6464
Charge for year119848967
At 31 May 241199121,031
Net book value
At 31 May 242,2673,8966,163
At 31 May 23-3,7663,766
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-3,216
Other debtors300,000300,000
Total300,000303,216
5.Debtors: amounts due after one year

2024

2023

££
Other debtors875,035278,986
Total875,035278,986
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-3,420
Taxation and social security-2,522
Other creditors15,070-
Total15,0705,942
7.Creditors: amounts due after one year

2024

2023

££
Other creditors2,338,3442,014,511
Total2,338,3442,014,511
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)1,541772
Total1,541772