Company registration number 06541015 (England and Wales)
ETHICAL GOOD LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ETHICAL GOOD LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ETHICAL GOOD LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
814,924
250,041
Current assets
Debtors
4
56,760
94,326
Cash at bank and in hand
7,479
4,741
64,239
99,067
Creditors: amounts falling due within one year
5
(1,204,660)
(649,841)
Net current liabilities
(1,140,421)
(550,774)
Total assets less current liabilities
(325,497)
(300,733)
Creditors: amounts falling due after more than one year
6
(7,894)
(18,207)
Net liabilities
(333,391)
(318,940)
Capital and reserves
Called up share capital
7
221
221
Share premium account
215,093
215,093
Profit and loss reserves
(548,705)
(534,254)
Total equity
(333,391)
(318,940)
ETHICAL GOOD LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 September 2025 and are signed on its behalf by:
D M Parker
Director
Company registration number 06541015 (England and Wales)
ETHICAL GOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Ethical Good Limited is a private company limited by shares incorporated in England and Wales. The registered office is 73 Cornhill, London, EC3V 3QQ.

1.1
Accounting convention

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 a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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.

Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

ETHICAL GOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.6
Financial instruments

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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ETHICAL GOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
41
41
Other investments other than loans
814,883
250,000
814,924
250,041
Movements in fixed asset investments
Shares in associates
Other investments
Total
£
£
£
Cost or valuation
At 1 January 2024
41
250,000
250,041
Additions
-
564,883
564,883
At 31 December 2024
41
814,883
814,924
Carrying amount
At 31 December 2024
41
814,883
814,924
At 31 December 2023
41
250,000
250,041
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
33,913
87,018
Other debtors
22,847
7,308
56,760
94,326
ETHICAL GOOD LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,334
10,055
Trade creditors
14,034
31,435
Amounts owed to group undertakings
886,690
594,724
Taxation and social security
3,910
10,516
Other creditors
289,692
3,111
1,204,660
649,841
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,894
18,207
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of 1p each
4,408
4,408
44
44
Ordinary B shares of 1p each
17,634
17,634
177
177
22,042
22,042
221
221

The Ordinary 'A', and Ordinary 'B' shares rank pari passu in all respects except with the declaration of dividends, whereby a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of share.

8
Related party transactions

The company has taken advantage of the exemption contained in FRS 102 section 33 "Related Party Disclosures" from disclosing transactions with entities which are wholly owned part of the group.

2024-12-31 2024-01-01 false false false 16 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity D M Parker The 40 Four Group Ltd 06541015 2024-01-01 2024-12-31 06541015 2024-12-31 06541015 2023-12-31 06541015 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06541015 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06541015 core:ShareCapital 2024-12-31 06541015 core:ShareCapital 2023-12-31 06541015 core:SharePremium 2024-12-31 06541015 core:SharePremium 2023-12-31 06541015 core:RetainedEarningsAccumulatedLosses 2024-12-31 06541015 core:RetainedEarningsAccumulatedLosses 2023-12-31 06541015 core:ShareCapitalOrdinaryShareClass1 2024-12-31 06541015 core:ShareCapitalOrdinaryShareClass1 2023-12-31 06541015 core:ShareCapitalOrdinaryShareClass2 2024-12-31 06541015 core:ShareCapitalOrdinaryShareClass2 2023-12-31 06541015 core:ShareCapitalOrdinaryShares 2024-12-31 06541015 core:ShareCapitalOrdinaryShares 2023-12-31 06541015 bus:Director1 2024-01-01 2024-12-31 06541015 2023-05-01 2023-12-31 06541015 core:Non-currentFinancialInstruments 2024-12-31 06541015 core:Non-currentFinancialInstruments 2023-12-31 06541015 core:CurrentFinancialInstruments 2024-12-31 06541015 core:CurrentFinancialInstruments 2023-12-31 06541015 core:WithinOneYear 2024-12-31 06541015 core:WithinOneYear 2023-12-31 06541015 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06541015 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 06541015 bus:OrdinaryShareClass1 2024-12-31 06541015 bus:OrdinaryShareClass1 2023-12-31 06541015 bus:OrdinaryShareClass2 2024-12-31 06541015 bus:OrdinaryShareClass2 2023-12-31 06541015 bus:AllOrdinaryShares 2024-12-31 06541015 bus:AllOrdinaryShares 2023-12-31 06541015 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06541015 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06541015 bus:FRS102 2024-01-01 2024-12-31 06541015 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 06541015 bus:Director2 2024-01-01 2024-12-31 06541015 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP