GOH Trading Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07809560 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Goh Trading Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms S Hall

REGISTERED OFFICE:

One Business Village

West Dock Street

Hull

East Yorkshire

HU3 4HH

REGISTERED NUMBER:

07809560 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

BANKERS:

Santander

6-8 King Edward Street

Hull

East Yorkshire

HU1 3SS

FIXED ASSETS

Intangible assets

4

3,200

3,200

Tangible assets

5

2,850

3,308

6,050

6,508

CURRENT ASSETS

Stocks

42,947

36,424

Debtors

73,520

86,983

Cash at bank

65,444

33,404

181,911

156,811

CREDITORS

Amounts falling due within one year

75,101

75,669

NET CURRENT ASSETS

106,810

81,142

TOTAL ASSETS LESS CURRENT LIABILITIES

112,860

87,650

CREDITORS

Amounts falling due after more than one year

58,220

79,395

NET ASSETS

54,640

8,255

CAPITAL AND RESERVES

Called up share capital

7

125

125

Retained earnings

54,515

8,130

SHAREHOLDERS' FUNDS

54,640

8,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 March 2023 and were signed by:

Ms S Hall - Director

1.	STATUTORY INFORMATION

Goh Trading 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.

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.

Turnover

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

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

and 31 December 2021

3,200

NET BOOK VALUE

At 31 December 2021

3,200

At 31 December 2020

3,200

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

13,719

Additions

436

At 31 December 2021

14,155

DEPRECIATION

At 1 January 2021

10,411

Charge for year

894

At 31 December 2021

11,305

NET BOOK VALUE

At 31 December 2021

2,850

At 31 December 2020

3,308

6.

LOANS

An analysis of the maturity of loans is given below:

31/12/21

31/12/20

£

£

Amounts falling due within one year or on demand:

Other loans

15,762

16,333

31/12/21

31/12/20

£

£

Amounts falling due between one and two years:

Other loans - 1-2 years

58,220

79,395

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/21

31/12/20

value:

£

£

100

Ordinary

£1

125

125

25

Ordinary B

£1

-

-

125

125

8.	ULTIMATE CONTROLLING PARTY

In the opinion of the director the ultimate controlling party was Ms S Hall.