REGISTERED NUMBER: 13199412 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Gocontract Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Asinugo

SECRETARY:

N Asinugo

REGISTERED OFFICE:

1 Brightview Close

Bricket Wood

St Albans

AL2 3NH

REGISTERED NUMBER:

13199412 (England and Wales)

FIXED ASSETS

Intangible assets

4

60,696

68,145

Tangible assets

5

885

951

61,581

69,096

CURRENT ASSETS

Debtors

-

3,056

Cash at bank and in hand

449

30,449

449

33,505

CREDITORS

Amounts falling due within one year

25,745

26,156

NET CURRENT (LIABILITIES)/ASSETS

(25,296

)

7,349

TOTAL ASSETS LESS CURRENT LIABILITIES

36,285

76,445

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

6

194,500

194,500

Retained earnings

6

(158,216

)

(118,056

)

36,285

76,445

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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

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 22 May 2026 and were signed by:

N Asinugo - Director

1.	STATUTORY INFORMATION

Gocontract 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.

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.

Computer software is being amortised evenly over its estimated useful life of five 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

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.

Going concern

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

92,505

Additions

12,784

At 31 May 2025

105,289

AMORTISATION

At 1 June 2024

24,360

Amortisation for year

20,233

At 31 May 2025

44,593

NET BOOK VALUE

At 31 May 2025

60,696

At 31 May 2024

68,145

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

1,621

Additions

229

At 31 May 2025

1,850

DEPRECIATION

At 1 June 2024

670

Charge for year

295

At 31 May 2025

965

NET BOOK VALUE

At 31 May 2025

885

At 31 May 2024

951

6.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 June 2024

(118,056

)

194,500

76,444

Deficit for the year

(40,160

)

(40,160

)

At 31 May 2025

(158,216

)

194,500

36,284

7.	RELATED PARTY DISCLOSURES