Number
11494977
GO2E LTD
Filleted Accounts
31 March 2025
GO2E LTD
Registered number: 11494977
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 684 966
684 966
Current assets
Debtors 4 16,391 48,971
Cash at bank and in hand 60,780 151,518
77,171 200,489
Creditors: amounts falling due within one year 5 (66) (61,807)
Net current assets 77,105 138,682
Total assets less current liabilities 77,789 139,648
Provisions for liabilities (130) (184)
Net assets 77,659 139,464
Capital and reserves
Called up share capital 100 100
Profit and loss account 77,559 139,364
Shareholders' funds 77,659 139,464
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. Florence Estella Tamasine Barnes
Director
Approved by the board on 10 June 2025
GO2E LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
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).
Turnover
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
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 freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computers over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Computers Total
£ £
Cost
At 1 April 2024 4,982 4,982
At 31 March 2025 4,982 4,982
Depreciation
At 1 April 2024 4,016 4,016
Charge for the year 282 282
At 31 March 2025 4,298 4,298
Net book value
At 31 March 2025 684 684
At 31 March 2024 966 966
4 Debtors 2025 2024
£ £
Trade debtors - 21,174
Corporation tax repayable 6,758 -
Mr. David Barnes 1,213 15,267
Mrs. Florence Estella Tamasine Barnes 8,420 4,450
Miss Katherine Elizabeth Barnes - 8,080
16,391 48,971
5 Creditors: amounts falling due within one year 2025 2024
£ £
VAT - 10,667
Corporation tax 66 51,140
66 61,807
6 Ultimate controlling party and related party transactions
The company was under the control of Mr. David Barnes and Mrs. Florence Estella Tamasine Barnes throughout the current period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
Miss Katherine Elizabeth Barnes is the directors' daughter.
2025 2024
£ £
Equity dividends paid to Mr. David Barnes 10,032 25,000
Equity dividends paid to Mrs. Florence Estella Tamasine Barnes 25,000 26,000
Equity dividends paid to Miss Caroline Amelia Barnes - 1,000
Equity dividends paid to Miss Katherine Elizabeth Barnes 8,080 10,000
Balance owing (to) / from Mr. David Barnes 1,213 15,267
Balance owing (to) / from Mrs. Florence Estella Tamasine Barnes 8,420 4,450
Balance owing (to) / from Miss Katherine Elizabeth Barnes - 8,080
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
7 Other information
GO2E LTD is a private company limited by shares and incorporated in England. Its registered office is:
Ginn House
Dean Workington
Cumbria CA14 4TH
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