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REGISTERED NUMBER: 03422374 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Good Hand UK Limited

Good Hand UK Limited (Registered number: 03422374)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Good Hand UK Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Ms L J Harding
Ms N L Stapleton
G W Stapleton
Mrs C Stapleton





SECRETARY: Mrs C Stapleton





REGISTERED OFFICE: Unit 16 Twizel Close
Stonebridge
Milton Keynes
Buckinghamshire
MK13 0DX





REGISTERED NUMBER: 03422374 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
182 Worcester Road
Bromsgrove
Worcestershire
B61 7AZ

Good Hand UK Limited (Registered number: 03422374)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 5,681 7,230
Tangible assets 5 887,193 855,969
892,874 863,199

CURRENT ASSETS
Stocks 312,648 310,467
Debtors 6 291,549 264,004
Cash at bank 857,262 664,467
1,461,459 1,238,938
CREDITORS
Amounts falling due within one year 7 503,385 383,877
NET CURRENT ASSETS 958,074 855,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,850,948

1,718,260

CREDITORS
Amounts falling due after more than one
year

8

(35,373

)

-

PROVISIONS FOR LIABILITIES (108,041 ) (109,459 )
NET ASSETS 1,707,534 1,608,801

CAPITAL AND RESERVES
Called up share capital 5,102 5,102
Share premium 998 998
Revaluation reserve 10 319,679 319,679
Retained earnings 1,381,755 1,283,022
SHAREHOLDERS' FUNDS 1,707,534 1,608,801

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Good Hand UK Limited (Registered number: 03422374)

Balance Sheet - continued
31 October 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 2 June 2025 and were signed on its behalf by:





G W Stapleton - Director


Good Hand UK Limited (Registered number: 03422374)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Good Hand UK 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.

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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on cost
Plant and machinery etc - 33% on reducing balance, 33% on cost, 25% on cost and 20% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Good Hand UK Limited (Registered number: 03422374)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 15,495
AMORTISATION
At 1 November 2023 8,265
Charge for year 1,549
At 31 October 2024 9,814
NET BOOK VALUE
At 31 October 2024 5,681
At 31 October 2023 7,230

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2023 850,000 164,297 1,014,297
Additions - 57,358 57,358
At 31 October 2024 850,000 221,655 1,071,655
DEPRECIATION
At 1 November 2023 8,500 149,828 158,328
Charge for year 8,500 17,634 26,134
At 31 October 2024 17,000 167,462 184,462
NET BOOK VALUE
At 31 October 2024 833,000 54,193 887,193
At 31 October 2023 841,500 14,469 855,969

Good Hand UK Limited (Registered number: 03422374)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 426,238 - 426,238
Cost 423,762 221,655 645,417
850,000 221,655 1,071,655

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 275,495 249,670
Other debtors 16,054 14,334
291,549 264,004

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 9) 5,351 -
Trade creditors 173,230 168,363
Taxation and social security 204,850 131,228
Other creditors 119,954 84,286
503,385 383,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts (see note 9) 35,373 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 5,351 -
Between one and five years 35,373 -
40,724 -

Good Hand UK Limited (Registered number: 03422374)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.10.24 31.10.23
£    £   
Within one year 11,903 12,151
Between one and five years 7,838 6,371
19,741 18,522

10. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 319,679