Company Registration No. 06962398 (England and Wales)
GOOD ADVICE UK LIMITED
Unaudited accounts
for the year ended 31 March 2019
GOOD ADVICE UK LIMITED
Unaudited accounts
Contents
GOOD ADVICE UK LIMITED
Company Information
for the year ended 31 March 2019
Company Number
06962398 (England and Wales)
Registered Office
Office 1.02, Vauxhall Sky Gardens
153 Wandsworth Rd
London
SW8 2GB
Accountants
Yahya & Co Accountants Ltd
T/A Yahya Accountancy
164 West Hendon Broadway
London
NW9 7AA
GOOD ADVICE UK LIMITED
Statement of financial position
as at
31 March 2019
Intangible assets
3,288
-
Tangible assets
2,319,454
1,022,768
Cash at bank and in hand
554
29,280
Creditors: amounts falling due within one year
(393,166)
131,859
Net current (liabilities)/assets
(182,163)
300,061
Total assets less current liabilities
2,140,579
1,322,829
Creditors: amounts falling due after more than one year
(1,961,466)
(1,316,217)
Called up share capital
100
100
Profit and loss account
179,013
6,512
Shareholders' funds
179,113
6,612
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 July 2019.
Atef Elmarakby
Director
Company Registration No. 06962398
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2019
GOOD ADVICE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06962398. The registered office is Office 1.02, Vauxhall Sky Gardens, 153 Wandsworth Rd, London, SW8 2GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% on straight line method.
Plant & machinery
20% on reducing balance method.
Fixtures & fittings
20% on reducing balance method.
Computer equipment
20% on reducing balance method.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2019
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2018
1,019,653
216
-
4,739
1,024,608
Additions
1,135,000
10,271
220,067
26,414
1,391,752
At 31 March 2019
2,154,653
10,487
220,067
31,153
2,416,360
At 1 April 2018
-
134
-
1,706
1,840
Charge for the year
43,093
2,071
44,013
5,889
95,066
At 31 March 2019
43,093
2,205
44,013
7,595
96,906
At 31 March 2019
2,111,560
8,282
176,054
23,558
2,319,454
At 31 March 2018
1,019,653
82
-
3,033
1,022,768
Accrued income and prepayments
-
120
Other debtors
210,449
123,050
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
260,587
-
Trade creditors
94,758
25,186
Taxes and social security
37,821
(157,945)
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
512,217
1,316,217
- The company owes the director, Mr Atef Elmarakby an amount of £512,217 as unsecured director loan
- The company owed two bank loan as at the end of the balance sheet date which are:
-- 227,000 (payable within 1 year)
-- 1,482,836 (of which 33,587 payable within 1 year and rest more than 1 year)
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2019
9
Share capital
2019
2018
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 26 (2018: 25).