Company Registration No. 08844378 (England and Wales)
Goodness & Wonder Ltd
Unaudited accounts
for the year ended 31 January 2025
Goodness & Wonder Ltd
Unaudited accounts
Contents
Goodness & Wonder Ltd
Company Information
for the year ended 31 January 2025
Directors
G A Despres
G K Francome
Company Number
08844378 (England and Wales)
Registered Office
Venta House
9a Port Road
Maesglas Retail Park
Newport
NP20 2NS
United Kingdom
Accountants
Evans Entwistle
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Goodness & Wonder Ltd
for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Goodness & Wonder Ltd for the year ended 31 January 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Office 12a
Equinox South, Great Park Road
Bradley Stoke
Bristol
BS32 4QL
15 July 2025
Goodness & Wonder Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
3,866
19,483
Cash at bank and in hand
258,357
259,865
Creditors: amounts falling due within one year
(60,578)
(73,373)
Net current assets
222,353
209,718
Total assets less current liabilities
226,219
229,201
Provisions for liabilities
Net assets
225,485
225,499
Called up share capital
2
2
Profit and loss account
225,483
225,497
Shareholders' funds
225,485
225,499
For the year ending 31 January 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 15 July 2025 and were signed on its behalf by
G A Despres
Director
Company Registration No. 08844378
Goodness & Wonder Ltd
Notes to the Accounts
for the year ended 31 January 2025
Goodness & Wonder Ltd is a private company, limited by shares, registered in England and Wales, registration number 08844378. The registered office is Venta House, 9a Port Road, Maesglas Retail Park, Newport, NP20 2NS, 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.
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 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
3 years straight line
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Goodness & Wonder Ltd
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Total
At 1 February 2024
122,864
At 31 January 2025
122,864
At 1 February 2024
103,381
Charge for the year
15,617
At 31 January 2025
118,998
5
Deferred taxation
2025
2024
Accelerated capital allowances
734
3,702
Provision at start of year
3,702
7,161
Credited to the profit and loss account
(2,968)
(3,459)
Provision at end of year
734
3,702
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan advances made by directors
19,150
3,007
3,581
18,576
19,150
3,007
3,581
18,576
The balance represents an interest free loan that is repayable to the company upon demand.
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).