Goggle Collective Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 10501847

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		14,268		18,943
Tangible Assets	5		4,806		10,931

			19,074		29,874
CURRENT ASSETS
Debtors	6	93,166		113,250
Cash at bank and in hand		1,267		15,802

		94,433		129,052
Creditors: Amounts Falling Due Within One Year	7	(411,205 )		(537,758 )

NET CURRENT ASSETS (LIABILITIES)			(316,772 )		(408,706 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(297,698 )		(378,832 )

NET LIABILITIES			(297,698 )		(378,832 )

CAPITAL AND RESERVES
Called up share capital	8		1,668		1,668
Share premium account			2,162,419		2,162,419
Profit and Loss Account			(2,461,785 )		(2,542,919 )

SHAREHOLDERS' FUNDS			(297,698)		(378,832)

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Goggle Collective Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Neil Johnston

Director

20th August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Goggle Collective Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10501847 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademarks and patents.They are capitalised at the point that they are awarded and then amortised over their estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	33.3% on cost
Computer Equipment	33.3% on cost

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Goggle Collective Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 3)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	26,470
Additions	240

As at 31 August 2025	26,710

Amortisation
As at 1 September 2024	7,527
Provided during the period	4,915

As at 31 August 2025	12,442

Net Book Value
As at 31 August 2025	14,268

As at 1 September 2024	18,943

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Goggle Collective Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 September 2024	6,042	93,414	99,456

As at 31 August 2025	6,042	93,414	99,456

Depreciation
As at 1 September 2024	5,539	82,986	88,525
Provided during the period	281	5,844	6,125

As at 31 August 2025	5,820	88,830	94,650

Net Book Value
As at 31 August 2025	222	4,584	4,806

As at 1 September 2024	503	10,428	10,931

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	93,166	113,250

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,463	33,250
Amounts owed to participating interests	205,871	10,091
Other creditors	200,500	450,451
Taxation and social security	3,371	43,966

	411,205	537,758

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,668	1,668

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Goggle Collective Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Neil Johnston	-	643	(30 )	-	613

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

During the period and included in sales is £80,762 (2024: £233,000) paid to a company connected to a director.

Included in administrative expenses is nil (2024: £47,700) paid to a company connected to a director.

As at the balance sheet date and included in other creditors is £100,000 (2024: £293,000) owed to a director. The loan is interest free and repayable on demand.

Also included in other creditors is £205,870 (2024: £10,091) owed to companies connected to a director. The loan is interest free and repayable on demand.

11. Controlling Party

The company's controlling party is Mr Neil Johnston by virtue of his ownership of 56% of the issued share capital in the company.

12. Going Concern Disclosure

As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company for the foreseeable future.

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