Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01falseinterior design services to residential and commercial clients.66truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04792795 2023-12-01 2024-11-30 04792795 2022-12-01 2023-11-30 04792795 2024-11-30 04792795 2023-11-30 04792795 c:Director1 2023-12-01 2024-11-30 04792795 d:FurnitureFittings 2023-12-01 2024-11-30 04792795 d:FurnitureFittings 2024-11-30 04792795 d:FurnitureFittings 2023-11-30 04792795 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04792795 d:ComputerEquipment 2023-12-01 2024-11-30 04792795 d:ComputerEquipment 2024-11-30 04792795 d:ComputerEquipment 2023-11-30 04792795 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04792795 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04792795 d:CurrentFinancialInstruments 2024-11-30 04792795 d:CurrentFinancialInstruments 2023-11-30 04792795 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04792795 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04792795 d:ShareCapital 2024-11-30 04792795 d:ShareCapital 2023-11-30 04792795 d:CapitalRedemptionReserve 2024-11-30 04792795 d:CapitalRedemptionReserve 2023-11-30 04792795 d:RetainedEarningsAccumulatedLosses 2024-11-30 04792795 d:RetainedEarningsAccumulatedLosses 2023-11-30 04792795 c:FRS102 2023-12-01 2024-11-30 04792795 c:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04792795 c:FullAccounts 2023-12-01 2024-11-30 04792795 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04792795 2 2023-12-01 2024-11-30 04792795 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
Registered number: 04792795


GODRICH DESIGN COLLECTIVE LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2024


















img7f4f.png
                                      
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ

 
GODRICH DESIGN COLLECTIVE LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF GODRICH DESIGN COLLECTIVE LTD
FOR THE YEAR ENDED 30 NOVEMBER 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 GODRICH DESIGN COLLECTIVE LTD for the year ended 30 November 2024 which comprise  the Balance Sheet and the 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 https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of GODRICH DESIGN COLLECTIVE LTD, as a body, in accordance with the terms of our engagement letter dated 01/05/04Our work has been undertaken solely to prepare for your approval the financial statements of GODRICH DESIGN COLLECTIVE LTD and state those matters that we have agreed to state to the Board of Directors of GODRICH DESIGN COLLECTIVE LTD, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GODRICH DESIGN COLLECTIVE LTD and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that GODRICH DESIGN COLLECTIVE 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 profit of GODRICH DESIGN COLLECTIVE LTD. You consider that GODRICH DESIGN COLLECTIVE LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of GODRICH DESIGN COLLECTIVE 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.

  



Haggards Crowther LLP
 
Chartered Accountants
2nd Floor, Heathmans House
19 Heathmans Road
London
SW6 4TJ
4 August 2025
Page 1

 
GODRICH DESIGN COLLECTIVE LTD
REGISTERED NUMBER: 04792795

BALANCE SHEET
AS AT 30 NOVEMBER 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,600
4,681

  
2,600
4,681

Current assets
  

Debtors: amounts falling due within one year
 5 
25,604
28,038

Cash at bank and in hand
 6 
985,287
1,099,732

  
1,010,891
1,127,770

Creditors: amounts falling due within one year
 7 
(920,338)
(965,266)

Net current assets
  
 
 
90,553
 
 
162,504

Total assets less current liabilities
  
93,153
167,185

  

Net assets
  
93,153
167,185


Capital and reserves
  

Called up share capital 
  
1
1

Capital redemption reserve
 8 
1
1

Profit and loss account
 9 
93,151
167,183

  
93,153
167,185


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 August 2025.

Page 2

 
GODRICH DESIGN COLLECTIVE LTD
REGISTERED NUMBER: 04792795
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2024




Mr R C R Hunt
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Godrich Design Collective Ltd 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.
The principal activity of the company in the year under review was that of interior design services to residential and commercial clients.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Income statement using the effective interest method.

Page 4

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Income statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Taxation

Tax is recognised in the Income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
on cost
Computer equipment
-
33%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income statement.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).

Page 6

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 December 2023
10,699
19,415
30,114


Additions
350
-
350



At 30 November 2024

11,049
19,415
30,464



Depreciation


At 1 December 2023
8,039
17,395
25,434


Charge for the year on owned assets
922
1,508
2,430



At 30 November 2024

8,961
18,903
27,864



Net book value



At 30 November 2024
2,088
512
2,600



At 30 November 2023
2,660
2,021
4,681


5.


Debtors

As restated
2024
2023
£
£


Trade debtors
3,042
6,454

Other debtors
13,925
7,925

Prepayments and accrued income
8,637
13,659

25,604
28,038


Page 7

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

6.


Cash and cash equivalents

As restated
2024
2023
£
£

Cash at bank and in hand
985,287
1,099,732

985,287
1,099,732



7.


Creditors: Amounts falling due within one year

As restated
2024
2023
£
£

Payments received on account
847,708
857,475

Trade creditors
4,922
3,373

Corporation tax
5,440
50,601

Other taxation and social security
30,089
21,058

Other creditors
29,616
30,212

Accruals and deferred income
2,563
2,547

920,338
965,266



8.


Capital redemption reserve

£



At 01 December 2023
1

Movement in the year
-

At 30 November 2024
1

Page 8

 
GODRICH DESIGN COLLECTIVE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Profit and loss account

£



At 01 December 2023
167,183

Profit for the year
15,968

Dividends
(90,000)

At 30 November 2024
93,151


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. Contributions totalling £1,283 (2023: £1,262) were payable to the fund at the balance sheet date and are included in Other creditors.


11.


Transactions with directors

Included within the year end creditors balance is an amount due from the company to Mr R Hunt of £11,242 (2023: £14,859). Throughout the year, total withdrawal of funds amounted to £74,119 (2023: £141,859), with total deposits of £70,503 (2023: £35,000). The outstanding balance is unsecured, repayable on demand and not subject to interest.
Included within the year end creditors balance is an amount due from the company to Ms S Coetzee of £4,500 (2023: £3,000). Throughout the year, total withdrawal of funds amounted to £12,000 (2023: £4,500), with total deposits of £13,500 (2023: £7,500). The outstanding balance is unsecured, repayable on demand and not subject to interest.
Included within the year end creditors balance is an amount due from the company to Ms M Oliver of £4,500 (2023: £3,000). Throughout the year, total withdrawal of funds amounted to £12,000 (2023: £4,500), with total deposits of £13,500 (2023: £7,500). The outstanding balance is unsecured, repayable on demand and not subject to interest.


12.


Restatement note

Prior year adjustment In the year ended 30 November 2023, £30,000 of loans were incorrectly classified as dividends. The figures have been restated with the impact that the Profit and loss reserve and the Net assets of the company have increase by £30,000. There was no impact on Income Statement.

 
Page 9