REGISTERED NUMBER: 11143579 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOODCULTURE LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs EA Maccuish

Mrs J Mitchell

SECRETARY:

Ms J Clarke

REGISTERED OFFICE:

12 High Street

Stanford Le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

11143579 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Intangible assets

4

12,550

14,701

Tangible assets

5

19,709

14,825

32,259

29,526

CURRENT ASSETS

Debtors

809,019

927,242

Cash at bank and in hand

495,378

470,374

1,304,397

1,397,616

CREDITORS

Amounts falling due within one year

1,265,082

1,045,625

NET CURRENT ASSETS

39,315

351,991

TOTAL ASSETS LESS CURRENT LIABILITIES

71,574

381,517

PROVISIONS FOR LIABILITIES

7

8,065

7,381

NET ASSETS

63,509

374,136

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

63,409

374,036

63,509

374,136

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 November 2025 and were signed on its behalf by:

Mrs J Mitchell - Director

1.	STATUTORY INFORMATION

Goodculture Ltd 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 the amount derived from ordinary activities, and is measured at the fair value of the consideration received and receivable in respect of services supplied by the company during the year excluding value added tax and trade discounts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of ten years.

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

-

25% on reducing balance

Office equipment

-

25% straight line basis

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

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 taxation

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.

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 21 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

21,513

AMORTISATION

At 1 April 2024

6,812

Amortisation for year

2,151

At 31 March 2025

8,963

NET BOOK VALUE

At 31 March 2025

12,550

At 31 March 2024

14,701

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

21,718

Additions

11,866

At 31 March 2025

33,584

DEPRECIATION

At 1 April 2024

6,893

Charge for year

6,982

At 31 March 2025

13,875

NET BOOK VALUE

At 31 March 2025

19,709

At 31 March 2024

14,825

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

17,775

11,540

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

8,065

7,381

Deferred

tax

£

Balance at 1 April 2024

7,381

Charge to Income Statement during year

684

Balance at 31 March 2025

8,065

The provision for deferred taxation is made up of accelerated capital allowances.

8.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the employees. The assets of the scheme are held separately from those of the company in independently administered funds. At the balance sheet date there were unpaid contributions amounting to £3,187 (2024: £2,579).

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

At start of year

Amounts repaid

Amounts advanced

At end of year

£

£

£

£

Director

287

(287)

2,493

2,493

The loans were interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year loans amounting to £39,606 (2024: £829) were advanced to a company in which the directors have an interest. The loans are interest free and repayable on demand.

The amount owing to the company at the year end was £40,435 (2024: £829). The balance is included within other debtors.