1 January 2023 false No description of principal activity Taxfiler 2024.5 05292047business:PrivateLimitedCompanyLtd2023-01-012023-12-31 052920472022-12-31 052920472023-01-012023-12-31 05292047business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 05292047business:FilletedAccounts2023-01-012023-12-31 052920472023-12-31 052920472022-12-31 05292047core:WithinOneYear2023-12-31 05292047core:WithinOneYear2022-12-31 05292047core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 05292047core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 05292047core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 05292047core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 05292047core:PreviouslyStatedAmount2023-12-31 05292047core:PreviouslyStatedAmount2022-12-31 05292047business:SmallEntities2023-01-012023-12-31 05292047business:Director22023-01-012023-12-31 05292047countries:EnglandWales2023-01-012023-12-31 05292047business:RegisteredOffice2023-01-012023-12-31 05292047core:PlantMachinery2023-01-012023-12-31 05292047core:MotorVehicles2023-01-012023-12-31 05292047core:FurnitureFittings2023-01-012023-12-31 05292047core:ComputerEquipment2023-01-012023-12-31 05292047core:LandBuildings2022-12-31 05292047core:PlantMachinery2022-12-31 05292047core:MotorVehicles2022-12-31 05292047core:FurnitureFittings2022-12-31 05292047core:ComputerEquipment2022-12-31 05292047core:LandBuildings2023-01-012023-12-31 05292047core:LandBuildings2023-12-31 05292047core:PlantMachinery2023-12-31 05292047core:MotorVehicles2023-12-31 05292047core:FurnitureFittings2023-12-31 05292047core:ComputerEquipment2023-12-31 052920472022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 05292047 (England and Wales)
I. D. GODDEN & CO LIMITED Unaudited accounts for the year ended 31 December 2023
I. D. GODDEN & CO LIMITED Unaudited accounts Contents
Page
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I. D. GODDEN & CO LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
241,572 
222,894 
Current assets
Inventories
2,500 
2,950 
Debtors
69,806 
45,243 
Cash at bank and in hand
560,291 
477,105 
632,597 
525,298 
Creditors: amounts falling due within one year
(164,866)
(155,093)
Net current assets
467,731 
370,205 
Total assets less current liabilities
709,303 
593,099 
Provisions for liabilities
Deferred tax
(14,554)
(8,208)
Net assets
694,749 
584,891 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
694,745 
584,887 
Shareholders' funds
694,749 
584,891 
For the year ending 31 December 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by
Ivor GODDEN Director Company Registration No. 05292047
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I. D. GODDEN & CO LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
I. D. GODDEN & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05292047. The registered office is THE BUNGALOW, , WITNEY, OX29 6XE, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Stock
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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I. D. GODDEN & CO LIMITED Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
179,692 
5,251 
110,529 
1,200 
12,971 
309,643 
Additions
- 
- 
52,605 
- 
999 
53,604 
Disposals
- 
- 
(36,750)
- 
- 
(36,750)
At 31 December 2023
179,692 
5,251 
126,384 
1,200 
13,970 
326,497 
Depreciation
At 1 January 2023
- 
3,420 
72,143 
525 
10,661 
86,749 
Charge for the year
- 
458 
19,176 
169 
827 
20,630 
On disposals
- 
- 
(22,454)
- 
- 
(22,454)
At 31 December 2023
- 
3,878 
68,865 
694 
11,488 
84,925 
Net book value
At 31 December 2023
179,692 
1,373 
57,519 
506 
2,482 
241,572 
At 31 December 2022
179,692 
1,831 
38,386 
675 
2,310 
222,894 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,326 
40,823 
Accrued income and prepayments
4,480 
4,420 
69,806 
45,243 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
29,595 
33,764 
Trade creditors
25,433 
25,582 
Taxes and social security
87,774 
73,144 
Other creditors
1,981 
2,069 
Loans from directors
16,183 
16,354 
Accruals
3,900 
4,180 
164,866 
155,093 
7
Average number of employees
During the year the average number of employees was 13 (2022: 14).
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