Company Registration No. 06962398 (England and Wales)
GOOD ADVICE UK LIMITED
Unaudited accounts
for the year ended 31 March 2022
GOOD ADVICE UK LIMITED
Unaudited accounts
Contents
GOOD ADVICE UK LIMITED
Company Information
for the year ended 31 March 2022
Director
Mr Atef Elmarakby
Company Number
06962398 (England and Wales)
Registered Office
OFFICE 1.02 VAUXHALL SKY GARDENS
153 WANDSWORTH ROAD
LONDON
SW8 2GB
UNITED KINGDOM
GOOD ADVICE UK LIMITED
Statement of financial position
as at
31 March 2022
Intangible assets
822
1,644
Tangible assets
2,024,358
2,188,840
Cash at bank and in hand
26,385
2,604
Creditors: amounts falling due within one year
(1,042,119)
(1,088,932)
Net current liabilities
(512,259)
(706,799)
Total assets less current liabilities
1,512,921
1,483,685
Creditors: amounts falling due after more than one year
(1,478,362)
(1,417,400)
Called up share capital
100
100
Profit and loss account
34,459
66,185
Shareholders' funds
34,559
66,285
For the year ending 31 March 2022 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.
The financial statements were approved by the Board and authorised for issue on 9 December 2022 and were signed on its behalf by
Mr Atef Elmarakby
Director
Company Registration No. 06962398
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2022
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 ROAD, LONDON, SW8 2GB, UNITED KINGDOM.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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.
Due to COVID 19 pandemic and the further preventative measures to stop its spreading taken by the British government, the industry is suffering huge financial loss due to substantial drop in clients. Giving the unpresentable nature and impact of virus outbreak it remains unsure how much time it will take the company to get back to stable footing. The management has a reasonable expectation that the company has adequate resources to continue in operations for foreseeable future.
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2022
4
Intangible fixed assets
Other
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 2021
2,154,653
10,487
407,824
51,042
2,624,006
Additions
-
-
-
2,250
2,250
At 31 March 2022
2,154,653
10,487
407,824
53,292
2,626,256
At 1 April 2021
258,559
5,187
151,344
20,076
435,166
Charge for the year
107,733
1,060
51,296
6,643
166,732
At 31 March 2022
366,292
6,247
202,640
26,719
601,898
At 31 March 2022
1,788,361
4,240
205,184
26,573
2,024,358
At 31 March 2021
1,896,094
5,300
256,480
30,966
2,188,840
Amounts falling due within one year
Other debtors
383,879
379,529
Amounts falling due after more than one year
GOOD ADVICE UK LIMITED
Notes to the Accounts
for the year ended 31 March 2022
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
-
162,000
Trade creditors
-
759,553
Taxes and social security
54,723
5,461
Other creditors
967,276
43,342
Loans from directors
-
102,076
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
1,370,723
1,417,400
Other creditors
107,639
-
9
Average number of employees
During the year the average number of employees was 30 (2021: 30).