REGISTERED NUMBER: 02554548 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

OFFICEGOOD LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

C J Green

A Newman

L O Green

A I M Iveson

REGISTERED OFFICE:

Livingstone Road

Clive Sullivan Way

Hessle

Hull

HU13 0EG

REGISTERED NUMBER:

02554548 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Tangible assets

4

139,855

143,014

CURRENT ASSETS

Stocks

2,703,888

1,863,318

Debtors

5

158,295

262,031

Cash at bank and in hand

279,041

112,035

3,141,224

2,237,384

CREDITORS

Amounts falling due within one year

6

3,112,043

1,960,361

NET CURRENT ASSETS

29,181

277,023

TOTAL ASSETS LESS CURRENT LIABILITIES

169,036

420,037

CREDITORS

Amounts falling due after more than one year

7

(16,378

)

(65,542

)

PROVISIONS FOR LIABILITIES

9

-

(26,465

)

NET ASSETS

152,658

328,030

CAPITAL AND RESERVES

Called up share capital

10

40,001

40,001

Share premium

30,000

30,000

Capital redemption reserve

39,999

39,999

Retained earnings

42,658

218,030

SHAREHOLDERS' FUNDS

152,658

328,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

C J Green - Director

1.	STATUTORY INFORMATION

Officegood Limited 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Office equipment including computers

-

25% on cost

The leasehold property improvements are depreciated over the shorter of the lease term and the useful life of the assets.

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st January 2024

163,071

255,078

147,285

Additions

-

5,763

30,209

At 31st December 2024

163,071

260,841

177,494

DEPRECIATION

At 1st January 2024

160,129

161,926

115,707

Charge for year

1,860

22,936

19,659

At 31st December 2024

161,989

184,862

135,366

NET BOOK VALUE

At 31st December 2024

1,082

75,979

42,128

At 31st December 2023

2,942

93,152

31,578

Office

equipment

Motor

including

vehicles

computers

Totals

£

£

£

COST

At 1st January 2024

15,296

107,096

687,826

Additions

-

14,270

50,242

At 31st December 2024

15,296

121,366

738,068

DEPRECIATION

At 1st January 2024

11,269

95,781

544,812

Charge for year

1,007

7,939

53,401

At 31st December 2024

12,276

103,720

598,213

NET BOOK VALUE

At 31st December 2024

3,020

17,646

139,855

At 31st December 2023

4,027

11,315

143,014

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

101,880

130,099

Other debtors

56,415

131,932

158,295

262,031

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loan

37,500

37,500

Hire purchase contracts

13,000

13,000

Trade creditors

1,827,211

1,386,351

Taxation and social security

175,821

16,367

Other creditors

1,058,511

507,143

3,112,043

1,960,361

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

3,125

40,625

Hire purchase contracts

13,253

24,917

16,378

65,542

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

40,625

78,125

Short term loan finance

729,503

328,143

Directors' loan

210,000

110,000

980,128

516,268

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

-

26,465

Deferred

tax

£

Balance at 1st January 2024

26,465

Accelerated capital allowances

(26,465

)

Balance at 31st December 2024

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal value:

£

20,000

A Ordinary

£1

20,000

1

B Ordinary

£1

1

10,000

C Ordinary

£1

10,000

10,000

D Ordinary

£1

10,000

40,001