MICHAEL GOEDHUIS LIMITED Filleted accounts for Companies House (small and micro)

MICHAEL GOEDHUIS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 1490336

MICHAEL GOEDHUIS LIMITED

Filleted Unaudited Abridged Financial Statements

31 October 2018

MICHAEL GOEDHUIS LIMITED

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of MICHAEL GOEDHUIS LIMITED

Year ended 31 October 2018

As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 31 October 2018, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

WHITEFIELD & CO Chartered Certified Accountants

8 Wolsey Mansions Main Avenue Moor Park Middlesex HA6 2HL

19 July 2019

MICHAEL GOEDHUIS LIMITED

Abridged Statement of Financial Position

31 October 2018

	2018		2017
Note	£	£	£

Fixed assets

Tangible assets	4		4,940	6,035

Current assets

Stocks	565,400	493,365
Debtors	259,287	194,464
Cash at bank and in hand	235,473	222,510
	------------	---------
	1,060,160	910,339

Creditors: amounts falling due within one year	616,674		487,795
	------------		---------
Net current assets		443,486	422,544
		---------	---------
Total assets less current liabilities		448,426	428,579

Provisions

Taxation including deferred tax	727	889
	---------	---------
Net assets	447,699	427,690
	---------	---------

Capital and reserves

Called up share capital	250	250
Profit and loss account	447,449	427,440
	---------	---------
Shareholder funds	447,699	427,690
	---------	---------

These abridged 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 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 abridged income statement has not been delivered.

For the year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.

MICHAEL GOEDHUIS LIMITED

Abridged Statement of Financial Position (continued)

31 October 2018

These abridged financial statements were approved by the board of directors and authorised for issue on 19 July 2019 , and are signed on behalf of the board by:

Mr M A Goedhuis
Director

Company registration number: 1490336

MICHAEL GOEDHUIS LIMITED

Notes to the Abridged Financial Statements

Year ended 31 October 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Wolsey Mansions, Main Avenue, Moor Park, Middlesex, HA6 2HL.

2. Accounting policies

Basis of preparation

The abridged 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 abridged 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.

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:

Fixtures & Fittings	-	15% reducing balance
Computer Equipment	-	33% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

3. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2017: 4 ).

4. Tangible assets

	£
Cost
At 1 November 2017 and 31 October 2018	128,845
	---------
Depreciation
At 1 November 2017	122,810
Charge for the year	1,095
	---------
At 31 October 2018	123,905
	---------
Carrying amount
At 31 October 2018	4,940
	---------
At 31 October 2017	6,035
	---------