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No description of principal activities is disclosed
2024-01-01
Sage Accounts Production 23.0 - FRS102_2023
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2023-12-31
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2024-12-31
08280973
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2023-12-31
08280973
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2024-12-31
08280973
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2023-12-31
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2024-12-31
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2023-12-31
08280973
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2022-12-31
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2022-12-31
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2022-12-31
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2022-12-31
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2024-12-31
Company registration number:
08280973
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Unaudited filleted financial statements
31 December 2024
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Directors and other information
|
|
|
|
|
Directors |
Matthew Turner |
|
|
|
Ian Buxton |
|
|
|
Jason Kabengele |
(Appointed 14 March 2025) |
|
|
Philip Sheppard |
(Appointed 14 March 2025) |
|
|
Anthony Wilkins |
(Appointed 14 March 2025) |
|
|
|
|
|
|
|
|
|
Secretary |
Beverley Turner |
|
|
|
|
|
|
|
|
|
|
Company number |
08280973 |
|
|
|
|
|
|
|
|
|
|
Registered office |
30 The Avenue |
|
|
|
Welwyn |
|
|
|
AL6 0PP |
|
|
|
|
|
|
|
|
|
|
Accountants |
Hicks and Company |
|
|
|
Chartered Accountants |
|
|
|
Vaughan Chambers |
|
|
|
Vaughan Road |
|
|
|
Harpenden |
|
|
|
AL5 4EE |
|
|
|
|
|
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Goshawk Technology Ltd (formerly Goshawk International Ltd)
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Goshawk Technology Ltd (formerly Goshawk International Ltd) for the year ended 31 December 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Goshawk Technology Ltd (formerly Goshawk International Ltd), as a body, in accordance with the terms of our engagement letter dated 4 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Goshawk Technology Ltd (formerly Goshawk International Ltd) and state those matters that we have agreed to state to the board of directors of Goshawk Technology Ltd (formerly Goshawk International Ltd) as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goshawk Technology Ltd (formerly Goshawk International Ltd) and its board of directors as a body for our work or for this report.
It is your duty to ensure that Goshawk Technology Ltd (formerly Goshawk International Ltd) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Goshawk Technology Ltd (formerly Goshawk International Ltd). You consider that Goshawk Technology Ltd (formerly Goshawk International Ltd) is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Goshawk Technology Ltd (formerly Goshawk International Ltd). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
16 June 2025
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Statement of financial position
31 December 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
120,195 |
|
|
|
120,195 |
|
|
|
Tangible assets |
|
6 |
950 |
|
|
|
1,664 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
121,145 |
|
|
|
121,859 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
|
Debtors |
|
7 |
521 |
|
|
|
1,744 |
|
|
|
Cash at bank and in hand |
|
|
7,984 |
|
|
|
31,271 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
8,505 |
|
|
|
33,015 |
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
6,070) |
|
|
|
(
4,929) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
Net current assets |
|
|
|
|
2,435 |
|
|
|
28,086 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Total assets less current liabilities |
|
|
|
|
123,580 |
|
|
|
149,945 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Net assets |
|
|
|
|
123,580 |
|
|
|
149,945 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
28,951 |
|
|
|
25,034 |
|
Share premium account |
|
|
|
|
141,440 |
|
|
|
145,357 |
|
Fair value reserve |
|
|
|
|
87,558 |
|
|
|
87,558 |
|
Profit and loss account |
|
|
|
|
(
134,369) |
|
|
|
(
108,004) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
Shareholders funds |
|
|
|
|
123,580 |
|
|
|
149,945 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
16 June 2025
, and are signed on behalf of the board by:
Matthew Turner
Director
Company registration number:
08280973
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Statement of changes in equity
Year ended 31 December 2024
|
|
Called up share capital |
Share premium account |
|
Fair value reserve |
|
Profit and loss account |
Total |
|
|
|
|
£ |
£ |
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2023 |
|
3,986 |
103,056 |
|
87,558 |
|
(
59,308) |
135,292 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
|
|
|
(
48,696) |
(
48,696) |
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
- |
|
(
48,696) |
(
48,696) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares |
|
19,374 |
43,975 |
|
|
|
|
63,349 |
|
|
|
Issue of bonus shares |
|
1,674 |
(
1,674) |
|
|
|
- |
- |
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
21,048 |
42,301 |
|
- |
|
- |
63,349 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 December 2023 and 1 January 2024 |
|
25,034 |
145,357 |
|
87,558 |
|
(
108,004) |
149,945 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss for the year |
|
|
|
|
|
|
(
26,365) |
(
26,365) |
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total comprehensive income for the year |
|
- |
- |
|
- |
|
(
26,365) |
(
26,365) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of bonus shares |
|
3,917 |
(
3,917) |
|
|
|
- |
- |
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
Total investments by and distributions to owners |
|
3,917 |
(
3,917) |
|
- |
|
- |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
At 31 December 2024 |
|
28,951 |
141,440 |
|
87,558 |
|
(
134,369) |
123,580 |
|
|
|
|
_______ |
_______ |
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
Goshawk Technology Ltd (formerly Goshawk International Ltd)
Notes to the financial statements
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 30 The Avenue, Welwyn, AL6 0PP.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Patents and licences have not be amortised as in the opinion of the directors their net residual value is at least the current carrying value.
Amortisation
See the intangible assets policy.
Research and development
Research expenditure is written off in the year in which it is incurred.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Computer equipment |
- |
3 year straight line |
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
2
).
5.
Intangible assets
|
|
Patents and licences |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 January 2024 and 31 December 2024 |
121,344 |
121,344 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 January 2024 and 31 December 2024 |
1,149 |
1,149 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 December 2024 |
120,195 |
120,195 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 December 2023 |
120,195 |
120,195 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Computer equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 January 2024 and 31 December 2024 |
3,286 |
3,286 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 January 2024 |
1,622 |
1,622 |
|
|
|
|
|
|
Charge for the year |
714 |
714 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2024 |
2,336 |
2,336 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 December 2024 |
950 |
950 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 December 2023 |
1,664 |
1,664 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Other debtors |
|
521 |
1,744 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade creditors |
|
100 |
- |
|
Other creditors |
|
5,970 |
4,929 |
|
|
|
_______ |
_______ |
|
|
|
6,070 |
4,929 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Matthew Turner |
(
3,164) |
(
760) |
(
3,924) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Matthew Turner |
(
1,118) |
(
2,046) |
(
3,164) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|