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REGISTERED NUMBER: 06991899 (England and Wales)















GOODWIN ALCASTON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023






GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODWIN ALCASTON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: H K Goodwin
Mrs S M Goodwin
D K Goodwin
Mrs D G Goodwin
J K Goodwin





REGISTERED OFFICE: West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ





REGISTERED NUMBER: 06991899 (England and Wales)





ACCOUNTANTS: Davies Edwards & Co
Chartered Certified Accountants
West Lodge
Rainbow Street
Leominster
Herefordshire
HR6 8DQ

GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,835,414 1,779,957
1,835,414 1,779,957

CURRENT ASSETS
Stocks 254,760 52,345
Debtors 6 81,449 45,099
Investments 7 1,074,445 1,117,383
Cash at bank 665,977 495,416
2,076,631 1,710,243
CREDITORS
Amounts falling due within one year 8 369,933 179,188
NET CURRENT ASSETS 1,706,698 1,531,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,542,112

3,311,012

PROVISIONS FOR LIABILITIES 131,886 117,541
NET ASSETS 3,410,226 3,193,471

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Non distributable reserve 10 1,074,445 1,117,383
Retained earnings 10 2,334,781 2,075,088
SHAREHOLDERS' FUNDS 3,410,226 3,193,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

BALANCE SHEET - continued
30 APRIL 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





H K Goodwin - Director


GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Goodwin Alcaston Ltd 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.

Intangible fixed assets
Intangible fixed assets are the costs incurred in forming the company and they are amortised in the year that they were incurred.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% on reducing balance

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 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.

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.

GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

Current asset investment
Investments are held at market value at the balance sheet date. Changes in market value are charged to profit and loss each year. Unrealised gains or losses are held as non-distributable reserves.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022 207
Additions 5,417
At 30 April 2023 5,624
AMORTISATION
At 1 May 2022 207
Charge for year 5,417
At 30 April 2023 5,624
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2022 1,013,023 465,640 1,033,359
Additions - 267,150 13,447
Disposals - (182,500 ) -
At 30 April 2023 1,013,023 550,290 1,046,806
DEPRECIATION
At 1 May 2022 - 199,090 537,122
Charge for year - 63,665 50,969
Exchange differences - (73,224 ) -
At 30 April 2023 - 189,531 588,091
NET BOOK VALUE
At 30 April 2023 1,013,023 360,759 458,715
At 30 April 2022 1,013,023 266,550 496,237

GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2022 29,893 3,820 2,545,735
Additions - - 280,597
Disposals - - (182,500 )
At 30 April 2023 29,893 3,820 2,643,832
DEPRECIATION
At 1 May 2022 26,901 2,665 765,778
Charge for year 749 481 115,864
Exchange differences - - (73,224 )
At 30 April 2023 27,650 3,146 808,418
NET BOOK VALUE
At 30 April 2023 2,243 674 1,835,414
At 30 April 2022 2,992 1,155 1,779,957

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,390 31,578
PAYE debtor - 547
Directors' current accounts 8,828 -
VAT 5,845 2,720
Prepayments and accrued income 29,386 10,254
81,449 45,099

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
St James Place unit trust 1,074,445 1,117,383

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 223,154 34,800
Tax 19,489 83,112
Social security and other taxes 88 -
Wages control 25 2,859
Directors' current accounts 123,593 58,417
Accruals and deferred income 3,584 -
369,933 179,188

GOODWIN ALCASTON LTD (REGISTERED NUMBER: 06991899)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Non
Retained distributable
earnings reserve Totals
£    £    £   

At 1 May 2022 2,075,088 1,117,383 3,192,471
Profit for the year 236,755 236,755
Dividends (20,000 ) (20,000 )
Transfer 42,938 (42,938 ) -
At 30 April 2023 2,334,781 1,074,445 3,409,226

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
D K Goodwin
Balance outstanding at start of year 215 1,154
Amounts advanced 2,764 2,000
Amounts repaid (7,393 ) (2,939 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,414 ) 215

Mrs D G Goodwin
Balance outstanding at start of year 215 1,154
Amounts advanced 2,763 2,000
Amounts repaid (7,393 ) (2,939 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,415 ) 215

12. RELATED PARTY DISCLOSURES

All directors and shareholders in Goodwin Alcaston Ltd are also partners in D K and D G Goodwin and Son. Income received from D K and D G Goodwin and Son amounted to £79,917 (2022 - £42,994) and they purchased items from them for the amount of £116,600 (2022 - £129,810).

H K and Mrs S M Goodwin who are directors, own the poultry site and have rented it to Goodwin Alcaston Ltd for £110,000 (2022 - £110,000).

Dividend were paid to Directors during the year of £20,000.