Go Assist Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08668025

GO ASSIST LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

GO ASSIST LTD

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

GO ASSIST LTD

OFFICERS AND PROFESSIONAL ADVISERS

Director	R J Waters

Registered office	Enterprise House
	21 Oxford Road
	Bournemouth
	Dorset
	BH8 8EY

Accountants	Wilkins Southworth
	Chartered Certified Accountants
	10-12 High Street
	Barnes
	London
	SW13 9LW

GO ASSIST LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	5		68,734	111,651

CURRENT ASSETS

Debtors	6	291,442	287,455
Cash at bank and in hand		435,246	361,409
		-----------	-----------
		726,688	648,864

CREDITORS: amounts falling due within one year	7	( 405,881)		( 496,406)
		-----------		-----------
NET CURRENT ASSETS			320,807	152,458
			-----------	-----------
TOTAL ASSETS LESS CURRENT LIABILITIES			389,541	264,109

CREDITORS: amounts falling due after more than one year	8		( 41,596)	( 230,351)

PROVISIONS	( 17,183)	( 24,500)
	-----------	-----------
NET ASSETS	330,762	9,258
	-----------	-----------

CAPITAL AND RESERVES

Called up share capital	10	10
Profit and loss account	330,752	9,248
	-----------	--------
SHAREHOLDERS FUNDS	330,762	9,258
	-----------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GO ASSIST LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

R J Waters
Director

Company registration number: 08668025

GO ASSIST LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 21 Oxford Road, Bournemouth, Dorset, BH8 8EY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	25% straight line
Fixtures and fittings	-	25% straight line
Motor vehicles	-	20% straight line

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 7 ).

5. Tangible assets

	Long leasehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	61,941	56,621	140,805	65,007	324,374
Additions	–	258	–	3,821	4,079
	---------	---------	-----------	---------	-----------
At 31 March 2025	61,941	56,879	140,805	68,828	328,453
	---------	---------	-----------	---------	-----------
Depreciation
At 1 April 2024	49,945	48,786	54,535	59,457	212,723
Charge for the year	8,445	5,445	28,161	4,945	46,996
	---------	---------	-----------	---------	-----------
At 31 March 2025	58,390	54,231	82,696	64,402	259,719
	---------	---------	-----------	---------	-----------
Carrying amount
At 31 March 2025	3,551	2,648	58,109	4,426	68,734
	---------	---------	-----------	---------	-----------
At 31 March 2024	11,996	7,835	86,270	5,550	111,651
	---------	---------	-----------	---------	-----------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings	255,990	256,418
Other debtors	35,452	31,037
	-----------	-----------
	291,442	287,455
	-----------	-----------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,169	100,000
Trade creditors	84,283	47,862
Amounts owed to group undertakings	84,099	157,709
Corporation tax	92,496	52,325
Social security and other taxes	105,659	77,065
Other creditors	33,175	61,445
	-----------	-----------
	405,881	496,406
	-----------	-----------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	41,596	226,362
Other creditors	–	3,989
	---------	-----------
	41,596	230,351
	---------	-----------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	36,421	75,750
	---------	---------

10. Controlling party

The company is a wholly owned subsidiary of Bournemouth Independent Group Limited , a company incorporated in the United Kingdom and its registered office is Enterprise House, 21 Oxford Road, Bournemouth, Dorset BH8 8EY.