Good.Loop Ltd Filleted accounts for Companies House (small and micro)
Good.Loop Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC548356
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For the period from 1 January 2022 to |
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Statement of Financial Position |
31 Mar 22 |
31 Dec 21 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
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Net assets |
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Capital and reserves
Called up share capital |
12 |
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Share premium account |
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Other reserves |
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Profit and loss account |
(
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(
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
7 February 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
SC548356
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Notes to the Financial Statements |
Period from 1 January 2022 to 31 March 2022
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 27 McDonald Road, Edinburgh, EH7 4LX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Taxation
Foreign currencies
Tangible assets
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:
Equipment |
- |
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Impairment of fixed assets
Grants
Financial instruments
Defined contribution plans
Share-based payments
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
25
(2021:
20
).
5.
Tax on loss
Major components of tax income
Period from |
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1 Jan 22 to |
Year to |
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31 Mar 22 |
31 Dec 21 |
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£ |
£ |
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Current tax:
Research and development tax credit |
(
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– |
-------- |
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Tax on loss |
(
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– |
-------- |
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6.
Tangible assets
Equipment |
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£ |
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Cost |
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At 1 January 2022 |
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Additions |
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Disposals |
(
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-------- |
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At 31 March 2022 |
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-------- |
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Depreciation |
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At 1 January 2022 |
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Charge for the period |
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Disposals |
(
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-------- |
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At 31 March 2022 |
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-------- |
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Carrying amount |
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At 31 March 2022 |
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-------- |
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At 31 December 2021 |
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7.
Debtors
31 Mar 22 |
31 Dec 21 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
31 Mar 22 |
31 Dec 21 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
31 Mar 22 |
31 Dec 21 |
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£ |
£ |
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Bank loans and overdrafts |
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10.
Deferred tax
There is an unrecognised deferred tax asset of £246,221 (2021: £166,563). This arises as a result of losses carried forward. Losses can only be offset against future profits, which cannot be determined with certainty.
11.
Share-based payments
Details of the number and weighted average exercise prices (WAEP) of share options during the period are as follows:
31 Mar 22 |
31 Dec 21 |
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No. |
WAEP |
No. |
WAEP |
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Outstanding at 1 January 2022 |
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Granted during the period |
– |
– |
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Expired during the period |
– |
– |
(
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(
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Outstanding at 31 March 2022 |
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The total expense recognised in profit or loss for the period is as follows:
31 Mar 22 |
31 Dec 21 |
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£ |
£ |
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Equity-settled share-based payments |
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------- |
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12.
Called up share capital
Issued, called up and fully paid
31 Mar 22 |
31 Dec 21 |
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No. |
£ |
No. |
£ |
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14 |
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14 |
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10 |
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8 |
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5 |
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4 |
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