John Good Limited - Accounts to registrar (filleted) - small 18.2

John Good Limited - Accounts to registrar (filleted) - small 18.2

JOHN GOOD LIMITED - Company Information

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REGISTERED NUMBER: 02360971 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

FOR

JOHN GOOD LIMITED
Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
B44 8LS








JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JOHN GOOD LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021







DIRECTOR: M G Burt





REGISTERED OFFICE: Progress House
Butlers Leap
Rugby
CV21 3RQ





REGISTERED NUMBER: 02360971 (England and Wales)





ACCOUNTANTS: Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
B44 8LS
Page 1
JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)

BALANCE SHEET
31 MARCH 2021

2021 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 982,122 1,276,740
Investments 5 100 100
982,222 1,276,840

CURRENT ASSETS
Stocks 113,063 269,773
Debtors 6 1,521,174 2,527,859
Cash at bank and in hand 146,504 253,064
1,780,741 3,050,696
CREDITORS
Amounts falling due within one year 7 1,754,963 1,953,563
NET CURRENT ASSETS 25,778 1,097,133
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,008,000
2,373,973

CREDITORS
Amounts falling due after more than one
year
8
(768,698
)
(755,980
)

PROVISIONS FOR LIABILITIES (86,386 ) (86,386 )
NET ASSETS 152,916 1,531,607

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 152,826 1,531,517
152,916 1,531,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)

BALANCE SHEET - continued
31 MARCH 2021


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 director and authorised for issue on 14 December 2021 and were signed by:





M G Burt - Director


The notes form part of these financial statements

Page 3
JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

1. STATUTORY INFORMATION

John Good 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 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.

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 etc - 25% on cost and 15% to 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 99 (2019 - 99 ) .

Page 4 continued...
JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2019 245,778 4,903,631 5,149,409
Additions - 75,282 75,282
Disposals - (75,775 ) (75,775 )
At 31 March 2021 245,778 4,903,138 5,148,916
DEPRECIATION
At 1 October 2019 178,507 3,694,162 3,872,669
Charge for period 15,347 335,854 351,201
Eliminated on disposal - (57,076 ) (57,076 )
At 31 March 2021 193,854 3,972,940 4,166,794
NET BOOK VALUE
At 31 March 2021 51,924 930,198 982,122
At 30 September 2019 67,271 1,209,469 1,276,740

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2019
and 31 March 2021 100
NET BOOK VALUE
At 31 March 2021 100
At 30 September 2019 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2019
£    £   
Trade debtors 118,299 750,365
Amounts owed by group undertakings 1,226,219 1,502,953
Other debtors 176,656 274,541
1,521,174 2,527,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2019
£    £   
Bank loans and overdrafts 112,500 -
Hire purchase contracts 89,664 88,000
Trade creditors 644,200 972,750
Amounts owed to group undertakings 52 35,314
Taxation and social security 309,631 87,645
Other creditors 598,916 769,854
1,754,963 1,953,563

Page 5 continued...
JOHN GOOD LIMITED (REGISTERED NUMBER: 02360971)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 OCTOBER 2019 TO 31 MARCH 2021

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2019
£    £   
Bank loans 637,500 -
Hire purchase contracts 131,198 212,763
Other creditors - 543,217
768,698 755,980

9. POST BALANCE SHEET EVENTS

The company entered in to a Company Voluntary Arrangement on 6 May 2021.

10. ULTIMATE CONTROLLING PARTY

Cantate Communications Limited is the parent company and M G Burt is the ultimate controlling party.

Page 6