Goodchild Interiors Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04297416 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Goodchild Interiors Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Goodchild

Mrs G Richardson

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

04297416 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,605

3,519

CURRENT ASSETS

Debtors

5

25,892

7,939

Cash in hand

51,947

41,301

77,839

49,240

CREDITORS

Amounts falling due within one year

6

25,569

12,077

NET CURRENT ASSETS

52,270

37,163

TOTAL ASSETS LESS CURRENT LIABILITIES

55,875

40,682

CREDITORS

Amounts falling due after more than one year

7

6,428

10,488

NET ASSETS

49,447

30,194

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

49,347

30,094

SHAREHOLDERS' FUNDS

49,447

30,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 20 July 2018 and were signed on its behalf by:

P Goodchild - Director

1.	STATUTORY INFORMATION

Goodchild Interiors 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

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

-

33% on cost

Fixtures and fittings

-

25% on reducing balance

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 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 November 2016

4,450

3,594

8,044

Additions

1,020

-

1,020

At 31 October 2017

5,470

3,594

9,064

DEPRECIATION

At 1 November 2016

3,989

536

4,525

Charge for year

362

572

934

At 31 October 2017

4,351

1,108

5,459

NET BOOK VALUE

At 31 October 2017

1,119

2,486

3,605

At 31 October 2016

461

3,058

3,519

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

24,212

7,676

Other debtors

1,680

263

25,892

7,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

1,787

2,654

Tax

11,813

3,727

Social security and other taxes

10,817

3,702

Other creditors

1,152

1,994

25,569

12,077

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans - 1-2 years

6,428

-

Bank loans - 2-5 years

-

10,488

6,428

10,488

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £28,000 were paid to the directors .