The Little Goat Soap Company Limited

The Little Goat Soap Company Limited

THE LITTLE GOAT SOAP COMPANY LIMITED - Company Information

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1 September 2019 false No description of principal activity Taxfiler 2020.12 08494588business:PrivateLimitedCompanyLtd2019-09-012020-08-31 084945882019-08-31 084945882019-09-012020-08-31 08494588business:AuditExemptWithAccountantsReport2019-09-012020-08-31 08494588business:FullAccounts2019-09-012020-08-31 084945882020-08-31 08494588business:Director12019-09-012020-08-31 08494588business:Director22019-09-012020-08-31 08494588business:RegisteredOffice2019-09-012020-08-31 084945882019-08-31 08494588core:WithinOneYear2020-08-31 08494588core:WithinOneYear2019-08-31 08494588core:AfterOneYear2020-08-31 08494588core:AfterOneYear2019-08-31 08494588core:ShareCapital2020-08-31 08494588core:ShareCapital2019-08-31 08494588core:RetainedEarningsAccumulatedLosses2020-08-31 08494588core:RetainedEarningsAccumulatedLosses2019-08-31 08494588business:SmallEntities2019-09-012020-08-31 08494588countries:EnglandWales2019-09-012020-08-31 08494588core:PlantMachinery2019-09-012020-08-31 08494588core:Goodwill2019-08-31 08494588core:Goodwill2020-08-31 08494588core:Goodwill2019-09-012020-08-31 08494588core:PlantMachinery2019-08-31 08494588core:MotorVehicles2019-08-31 08494588core:MotorVehicles2019-09-012020-08-31 08494588core:PlantMachinery2020-08-31 08494588core:MotorVehicles2020-08-31 084945882018-09-012019-08-31 iso4217:GBP xbrli:pure
Company Registration No. 08494588 (England and Wales)
The Little Goat Soap Company Limited Unaudited accounts for the year ended 31 August 2020
The Little Goat Soap Company Limited Unaudited accounts Contents
Page
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The Little Goat Soap Company Limited Company Information for the year ended 31 August 2020
Directors
Mrs Joanne King Mr Andrew King
Company Number
08494588 (England and Wales)
Registered Office
Park Farm Littleworth Faringdon Oxfordshire SN7 8ED
Accountants
Swash & Co 22 Post Office Lane Wantage Oxfordshire OX12 8DR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of The Little Goat Soap Company Limited for the year ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Little Goat Soap Company Limited for the year ended 31 August 2020 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Swash & Co Chartered Accountants 22 Post Office Lane Wantage Oxfordshire OX12 8DR 28 September 2020
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The Little Goat Soap Company Limited Statement of financial position as at 31 August 2020
2020 
2019 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
2,768 
3,461 
Tangible assets
5
22,088 
21,552 
24,856 
25,013 
Current assets
Inventories
6
14,708 
11,087 
Debtors
7
209 
752 
Cash at bank and in hand
18,486 
14,488 
33,403 
26,327 
Creditors: amounts falling due within one year
8
(30,498)
(29,360)
Net current assets/(liabilities)
2,905 
(3,033)
Total assets less current liabilities
27,761 
21,980 
Creditors: amounts falling due after more than one year
9
(11,471)
(5,554)
Provisions for liabilities
Deferred tax
(6,723)
(4,095)
Net assets
9,567 
12,331 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
9,367 
12,131 
Shareholders' funds
9,567 
12,331 
For the year ending 31 August 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2020 and were signed on its behalf by
Mrs Joanne King Director Company Registration No. 08494588
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2020
1
Statutory information
The Little Goat Soap Company Limited is a private company, limited by shares, registered in England and Wales, registration number 08494588. The registered office is Park Farm, Littleworth, Faringdon, Oxfordshire, SN7 8ED.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2020
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2019
6,925 
At 31 August 2020
6,925 
Amortisation
At 1 September 2019
3,464 
Charge for the year
693 
At 31 August 2020
4,157 
Net book value
At 31 August 2020
2,768 
At 31 August 2019
3,461 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2019
19,595 
12,750 
32,345 
Additions
1,338 
13,406 
14,744 
Disposals
(1,450)
(12,750)
(14,200)
At 31 August 2020
19,483 
13,406 
32,889 
Depreciation
At 1 September 2019
7,254 
3,539 
10,793 
Charge for the year
1,887 
2,010 
3,897 
On disposals
(351)
(3,538)
(3,889)
At 31 August 2020
8,790 
2,011 
10,801 
Net book value
At 31 August 2020
10,693 
11,395 
22,088 
At 31 August 2019
12,341 
9,211 
21,552 
6
Inventories
2020 
2019 
£ 
£ 
Finished goods
14,708 
11,087 
14,708 
11,087 
7
Debtors
2020 
2019 
£ 
£ 
Trade debtors
209 
752 
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The Little Goat Soap Company Limited Notes to the Accounts for the year ended 31 August 2020
8
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,826 
2,150 
Trade creditors
3,089 
651 
Taxes and social security
13,882 
9,045 
Other creditors
11,167 
17,514 
Deferred income
534 
- 
30,498 
29,360 
9
Creditors: amounts falling due after more than one year
2020 
2019 
£ 
£ 
Obligations under finance leases and hire purchase contracts
11,471 
5,554 
10
Average number of employees
During the year the average number of employees was 2 (2019: 2).
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