Good & Trusted Wills Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 14093133 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 9 MAY 2022 TO 31 MARCH 2023

FOR

GOOD & TRUSTED WILLS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Chapman

S Motivala

REGISTERED OFFICE:

Asset House 26-28 Thorpe Wood

Peterborough

PE3 6SR

REGISTERED NUMBER:

14093133 (England and Wales)

ACCOUNTANTS:

TC Group

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

FIXED ASSETS

Tangible assets

4

9,653

CURRENT ASSETS

Debtors

5

11,052

Cash at bank and in hand

10,050

21,102

CREDITORS

Amounts falling due within one year

6

28,674

NET CURRENT LIABILITIES

(7,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,081

PROVISIONS FOR LIABILITIES

7

1,834

NET ASSETS

247

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

9

245

SHAREHOLDERS' FUNDS

247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 4 December 2023 and were signed on its behalf by:

S Motivala - Director

1.	STATUTORY INFORMATION

Good & Trusted Wills Ltd 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.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

Taxation

Taxation for the period 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 period 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.

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.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

12,411

At 31 March 2023

12,411

DEPRECIATION

Charge for period

2,758

At 31 March 2023

2,758

NET BOOK VALUE

At 31 March 2023

9,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

6,778

Other debtors

2,466

VAT

1,808

11,052

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

394

Amounts owed to group undertakings

19,500

Pensions

62

Directors' current accounts

8,718

28,674

7.	PROVISIONS FOR LIABILITIES

£

Deferred tax

1,834

Deferred

tax

£

Provided during period

1,834

Balance at 31 March 2023

1,834

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

1

2

9.

RESERVES

Retained

earnings

£

Profit for the period

245

At 31 March 2023

245

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a director Shernaz Motivala was owed £3,749 This loan is unsecured, interest free and repayable on demand.

At the year end a director Natalie Chapman was owed £4,968. This loan is unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

As at the year end, the company was owed £2,466 by Good & Trusted Storage Limited. This loan is unsecured, interest free and repayable on demand. The balance is included within other debtors.

As at the year end, the company owed £19,500 to Good & Trusted Legal Services Limited. This loan is unsecured, interest free and repayable on demand. The balance is included within other creditors.

12.	ULTIMATE CONTROLLING PARTY

Shernaz Motivala and Natalie Chapman share joint ultimate control.