Registration number:
Goji Financial Services Limited
for the Year Ended 30 September 2018
Platf9rm
Tower Point
44 North Road
Brighton
BN1 1YR
Goji Financial Services Limited
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Abridged Financial Statements |
Goji Financial Services Limited
Company Information
Directors |
J Wombwell-Povey A Crocombe W Samuel |
Registered office |
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Accountants |
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Page 1 |
Goji Financial Services Limited
(Registration number: 10234133)
Abridged Balance Sheet as at 30 September 2018
Note |
2018 |
2017 |
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Fixed assets |
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Other financial assets |
11,160 |
1,000 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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- |
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Share premium reserve |
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- |
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Profit and loss account |
( |
( |
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Total equity |
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( |
For the financial year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006
Page 2 |
Goji Financial Services Limited
(Registration number: 10234133)
Abridged Balance Sheet as at 30 September 2018
Approved and authorised by the Board on
.........................................
A Crocombe
Director
Page 3 |
Goji Financial Services Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2018
General information |
The company is a private company limited by share capital incorporated in England.
The address of its registered office is:
England
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 4 |
Goji Financial Services Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2018
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 October 2017 |
1,000 |
1,000 |
Additions |
10,160 |
10,160 |
At 30 September 2018 |
11,160 |
11,160 |
Impairment |
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Carrying amount |
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At 30 September 2018 |
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11,160 |
Related party transactions |
Summary of transactions with parent
Page 5 |
Goji Financial Services Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2018
Included in creditors due after one year is:
£ 241,574 (2017: £269,000) loaned from Goji Holdings Limited
Included in debtors is:
£ 329,917 (2017: £145,000) loaned to Goji Administration Services Limited.
Page 6 |