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Registered number: 10335753
GoodOaks Franchising Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10335753
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 81,249 96,631
81,249 96,631
CURRENT ASSETS
Debtors 6 448,660 165,050
Cash at bank and in hand 95,110 56,372
543,770 221,422
Creditors: Amounts Falling Due Within One Year 7 (538,066 ) (268,250 )
NET CURRENT ASSETS (LIABILITIES) 5,704 (46,828 )
TOTAL ASSETS LESS CURRENT LIABILITIES 86,953 49,803
Creditors: Amounts Falling Due After More Than One Year 8 (22,804 ) (27,574 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (14,169 ) (18,475 )
NET ASSETS 49,980 3,754
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 49,880 3,654
SHAREHOLDERS' FUNDS 49,980 3,754
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Darius Mitkus
Director
14 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
GoodOaks Franchising Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10335753 . The registered office is Unit 2 Old Generator House, 25 Bourne Valley Road, Poole, Dorset, BH12 1DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The Financial Statements are presented in £ sterling which is the functional currency of the company.
2.2. 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 provision of management services as a franchisor. Turnover is reduced for estimated customer rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15 years straight line
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
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 measured 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.

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.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 32,129 34,690 53,888 13,334 134,041
Additions - - - 4,498 4,498
As at 31 October 2024 32,129 34,690 53,888 17,832 138,539
Depreciation
As at 1 November 2023 5,415 16,372 9,707 5,916 37,410
Provided during the period 2,142 4,579 11,045 2,114 19,880
As at 31 October 2024 7,557 20,951 20,752 8,030 57,290
Net Book Value
As at 31 October 2024 24,572 13,739 33,136 9,802 81,249
As at 1 November 2023 26,714 18,318 44,181 7,418 96,631
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 93,389 104,042
Prepayments and accrued income 71,723 54,936
Other debtors 11,665 6,072
Amounts owed by group undertakings 271,883 -
448,660 165,050
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,770 4,147
Trade creditors 28,658 19,846
Other taxes and social security 84,516 50,500
Other creditors 13,814 3,900
Accruals and deferred income 10,942 18,900
Amounts owed to group undertakings 395,366 170,957
538,066 268,250
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 22,804 27,574
9. Secured Creditors
Of the creditors the following amounts are secured against assets to which they relate
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 27,574 31,721
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,770 4,147
Later than one year and not later than five years 22,804 27,574
27,574 31,721
27,574 31,721
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11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 6,000
- 6,000
12. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Good Oaks Holdings Ltd . Its registered office is Unit 2 Old Generator House, 25 Bourne Valley Road, Poole, Dorset, BH12 1DZ.
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