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Company Registration No. 08269321 (England and Wales)
Goodhand Acoustics Limited Unaudited accounts for the year ended 31 October 2024
Goodhand Acoustics Limited Unaudited accounts Contents
Page
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Goodhand Acoustics Limited Company Information for the year ended 31 October 2024
Director
Charles Daniel Goodhand
Company Number
08269321 (England and Wales)
Registered Office
The Offices 57 Newton Road Brighton East Sussex BN3 7BA United Kingdom
Accountants
B4Bookkeeping Ltd 1 Lincoln House Tangmere Chichester West Sussex PO20 2FS
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Goodhand Acoustics Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,337 
7,715 
Current assets
Inventories
1,450 
- 
Debtors
15,496 
8,349 
Investments
27,667 
41,285 
Cash at bank and in hand
20,967 
12,892 
65,580 
62,526 
Creditors: amounts falling due within one year
(40,543)
(17,931)
Net current assets
25,037 
44,595 
Total assets less current liabilities
29,374 
52,310 
Creditors: amounts falling due after more than one year
(27,627)
(28,583)
Net assets
1,747 
23,727 
Capital and reserves
Called up share capital
50 
50 
Capital redemption reserve
50 
50 
Profit and loss account
1,647 
23,627 
Shareholders' funds
1,747 
23,727 
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2025 and were signed on its behalf by
Charles Daniel Goodhand Director Company Registration No. 08269321
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Goodhand Acoustics Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Goodhand Acoustics Limited is a private company, limited by shares, registered in England and Wales, registration number 08269321. The registered office is The Offices, 57 Newton Road, Brighton, East Sussex, BN3 7BA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
50% on cost
Computer equipment
50% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Goodhand Acoustics Limited Notes to the Accounts for the year ended 31 October 2024
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. During the year the company received a Covid-19 Bounce Back Loan.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
97,467 
1,637 
4,624 
103,728 
Additions
- 
- 
715 
715 
At 31 October 2024
97,467 
1,637 
5,339 
104,443 
Depreciation
At 1 November 2023
89,911 
1,637 
4,465 
96,013 
Charge for the year
3,784 
- 
309 
4,093 
At 31 October 2024
93,695 
1,637 
4,774 
100,106 
Net book value
At 31 October 2024
3,772 
- 
565 
4,337 
At 31 October 2023
7,556 
- 
159 
7,715 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,025 
1,965 
Accrued income and prepayments
2,471 
2,107 
Other debtors
- 
4,277 
15,496 
8,349 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
27,667 
41,285 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,455 
9,918 
VAT
9,257 
1,636 
Trade creditors
5,435 
3,273 
Taxes and social security
(137)
(280)
Other creditors
272 
48 
Loans from directors
13,808 
2,091 
Accruals
1,453 
1,245 
40,543 
17,931 
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Goodhand Acoustics Limited Notes to the Accounts for the year ended 31 October 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
27,627 
28,583 
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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