REGISTERED NUMBER: 08959227 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Go-Bi Consultancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B Smith

REGISTERED OFFICE:

30 Hartburn Road

North Shields

Tyne and Wear

NE30 3RH

REGISTERED NUMBER:

08959227 (England and Wales)

ACCOUNTANTS:

Inspire Chartered Accountants

6 Queens Court

Third Avenue

Team Valley

Gateshead

Tyne and Wear

NE11 0BU

FIXED ASSETS

Tangible assets

4

25,526

33,922

CURRENT ASSETS

Debtors

5

43,272

3,510

Cash at bank

1,690

82,643

44,962

86,153

CREDITORS

Amounts falling due within one year

6

39,870

52,713

NET CURRENT ASSETS

5,092

33,440

TOTAL ASSETS LESS CURRENT LIABILITIES

30,618

67,362

CREDITORS

Amounts falling due after more than one year

7

(29,175

)

(41,438

)

PROVISIONS FOR LIABILITIES

(249

)

(1,098

)

NET ASSETS

1,194

24,826

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,094

24,726

SHAREHOLDERS' FUNDS

1,194

24,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

B Smith - Director

1.	STATUTORY INFORMATION

Go-Bi Consultancy 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

5,861

43,919

49,780

DEPRECIATION

At 1 April 2024

2,820

13,038

15,858

Charge for year

676

7,720

8,396

At 31 March 2025

3,496

20,758

24,254

NET BOOK VALUE

At 31 March 2025

2,365

23,161

25,526

At 31 March 2024

3,041

30,881

33,922

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

43,919

DEPRECIATION

At 1 April 2024

13,038

Charge for year

7,720

At 31 March 2025

20,758

NET BOOK VALUE

At 31 March 2025

23,161

At 31 March 2024

30,881

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

3,510

Other debtors

43,272

-

43,272

3,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

8,000

8,000

Hire purchase contracts

4,418

4,574

Taxation and social security

26,202

38,655

Other creditors

1,250

1,484

39,870

52,713

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

5,333

13,333

Hire purchase contracts

23,842

28,105

29,175

41,438

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

28,260

32,679

The hire purchase liability is secured against the asset to which it relates to.

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B Smith

Balance outstanding at start of year

-

-

Amounts advanced

33,647

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

33,647

-

The loan to the director was repaid within nine months after the year end.