Company Registration No. 11779386 (England and Wales)
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Unaudited accounts
for the year ended 31 March 2025
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Unaudited accounts
Contents
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Company Information
for the year ended 31 March 2025
Directors
NORMAN, Christopher Mansfeldt
NORMAN, Charlotte Emily
NORMAN, Oliver
Company Number
11779386 (England and Wales)
Registered Office
3RD FLOOR HARLING HOUSE
47-51 GREAT SUFFOLK STREET
LONDON
SE1 0BS
ENGLAND
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
2,057,809
808,758
Cash at bank and in hand
1,276,919
1,510,317
Creditors: amounts falling due within one year
(243,172)
(221,711)
Net current assets
1,124,792
1,376,205
Net assets
3,182,602
2,626,877
Called up share capital
400
100
Share premium
(83,578)
(83,578)
Profit and loss account
3,265,780
2,710,355
Shareholders' funds
3,182,602
2,626,877
For the year ending 31 March 2025 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 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 of Directors and authorised for issue on 9 September 2025 and were signed on its behalf by
NORMAN, Christopher Mansfeldt
Director
Company Registration No. 11779386
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11779386. The registered office is 3RD FLOOR HARLING HOUSE, 47-51 GREAT SUFFOLK STREET , LONDON, SE1 0BS, ENGLAND.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.
For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land & buildings
50 Yrs Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Straight Line
Computer equipment
2 Yrs Straight Line
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 April 2024
787,845
4,638
10,590
15,367
4,814
823,254
Additions
1,245,187
-
-
11,972
565
1,257,724
At 31 March 2025
2,033,032
4,638
10,590
27,339
5,379
2,080,978
At 1 April 2024
1,276
1,804
4,137
2,996
4,283
14,496
Charge for the year
647
2,319
1,613
3,594
500
8,673
At 31 March 2025
1,923
4,123
5,750
6,590
4,783
23,169
At 31 March 2025
2,031,109
515
4,840
20,749
596
2,057,809
At 31 March 2024
786,569
2,834
6,453
12,371
531
808,758
6
Investments
Other investments
Valuation at 1 April 2024
441,913
Valuation at 31 March 2025
-
Amounts falling due within one year
Accrued income and prepayments
57,143
60,609
GOOD INTERACTIVE AND EXPERIENTIAL LIMITED
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
25,001
13,685
Taxes and social security
208,360
212,724
Other creditors
9,658
11,133
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
During the year, advances and credits were made to directors. These amounts are unsecured, carry no interest, are repayable on demand, and there are no formal written agreements in place.
10
Transactions with related parties
The only related party transactions during the period were directors’ remuneration, which amounted to £15,000 (2024: £nil).
Details of directors’ loans are disclosed in note 9.
11
Average number of employees
During the year the average number of employees was 4 (2024: 3).