N J Goodrum (Mediation Services) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08775962 (England and Wales)

N J Goodrum (Mediation Services) Limited

Financial Statements

for the Year Ended 30 November 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N J Goodrum

REGISTERED OFFICE:

33 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

08775962 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Chartered Accountants

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Tangible assets

4

1,514

298

CURRENT ASSETS

Debtors

5

7,247

6,778

Cash at bank

116,685

95,118

123,932

101,896

CREDITORS

Amounts falling due within one year

6

18,926

17,550

NET CURRENT ASSETS

105,006

84,346

TOTAL ASSETS LESS CURRENT LIABILITIES

106,520

84,644

PROVISIONS FOR LIABILITIES

290

59

NET ASSETS

106,230

84,585

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

106,130

84,485

SHAREHOLDERS' FUNDS

106,230

84,585

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2022 and were signed by:

Mr N J Goodrum - Director

1.	STATUTORY INFORMATION

N J Goodrum (Mediation Services) 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.

The functional and presentational currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer and office equipment

-

33% on cost

Fixed assets are initially recorded at cost.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and office

equipment

£

COST

At 1 December 2020

4,223

Additions

2,155

Disposals

(1,611

)

At 30 November 2021

4,767

DEPRECIATION

At 1 December 2020

3,925

Charge for year

939

Eliminated on disposal

(1,611

)

At 30 November 2021

3,253

NET BOOK VALUE

At 30 November 2021

1,514

At 30 November 2020

298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

7,211

6,600

Prepayments and accrued income

36

178

7,247

6,778

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

11,461

8,455

Directors' current accounts

2,903

7,690

Accruals and deferred income

4,562

1,405

18,926

17,550

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

2021

2020

£

£

Mr N J Goodrum

Balance outstanding at start of year

-

-

Amounts advanced

2,651

3,800

Amounts repaid

(2,651

)

(3,800

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,200 (2020 - £12,000) were paid to the director .