Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.129false125No description of principal activityfalsetruefalse SC029972 2023-02-01 2024-01-31 SC029972 2022-02-01 2023-01-31 SC029972 2024-01-31 SC029972 2023-01-31 SC029972 c:CompanySecretary1 2023-02-01 2024-01-31 SC029972 c:Director1 2023-02-01 2024-01-31 SC029972 c:Director2 2023-02-01 2024-01-31 SC029972 c:Director3 2023-02-01 2024-01-31 SC029972 c:Director4 2023-02-01 2024-01-31 SC029972 c:Director5 2023-02-01 2024-01-31 SC029972 c:RegisteredOffice 2023-02-01 2024-01-31 SC029972 d:PlantMachinery 2023-02-01 2024-01-31 SC029972 d:PlantMachinery 2024-01-31 SC029972 d:PlantMachinery 2023-01-31 SC029972 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC029972 d:MotorVehicles 2023-02-01 2024-01-31 SC029972 d:MotorVehicles 2024-01-31 SC029972 d:MotorVehicles 2023-01-31 SC029972 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC029972 d:FurnitureFittings 2023-02-01 2024-01-31 SC029972 d:FurnitureFittings 2024-01-31 SC029972 d:FurnitureFittings 2023-01-31 SC029972 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC029972 d:OfficeEquipment 2023-02-01 2024-01-31 SC029972 d:OfficeEquipment 2024-01-31 SC029972 d:OfficeEquipment 2023-01-31 SC029972 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC029972 d:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 SC029972 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC029972 d:CurrentFinancialInstruments 2024-01-31 SC029972 d:CurrentFinancialInstruments 2023-01-31 SC029972 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC029972 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC029972 d:ShareCapital 2024-01-31 SC029972 d:ShareCapital 2023-01-31 SC029972 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC029972 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC029972 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC029972 c:OrdinaryShareClass1 2024-01-31 SC029972 c:OrdinaryShareClass1 2023-01-31 SC029972 c:FRS102 2023-02-01 2024-01-31 SC029972 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC029972 c:FullAccounts 2023-02-01 2024-01-31 SC029972 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC029972 d:WithinOneYear 2024-01-31 SC029972 d:WithinOneYear 2023-01-31 SC029972 d:BetweenOneFiveYears 2024-01-31 SC029972 d:BetweenOneFiveYears 2023-01-31 SC029972 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC029972










GOODFELLOWS OF DUNDEE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
GOODFELLOWS OF DUNDEE LTD
 

COMPANY INFORMATION


Directors
Mr M N Goodfellow 
Mr R S I Goodfellow 
Mr D A Henderson 
Mr R H Sinclair 
Ms J A Souter 




Company secretary
A A Don



Registered number
SC029972



Registered office
81 Gray Street

Broughty Ferry

Dundee

DD5 2BQ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GOODFELLOWS OF DUNDEE LTD
REGISTERED NUMBER: SC029972

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
182,005
229,006

  
182,005
229,006

Current assets
  

Stocks
  
157,006
170,788

Debtors: amounts falling due within one year
 5 
701,671
353,508

Bank and cash balances
  
291,877
646,362

  
1,150,554
1,170,658

Creditors: amounts falling due within one year
 6 
(312,276)
(277,126)

Net current assets
  
 
 
838,278
 
 
893,532

Total assets less current liabilities
  
1,020,283
1,122,538

Provisions for liabilities
  

Deferred tax
  
(29,288)
-

  
 
 
(29,288)
 
 
-

Net assets
  
990,995
1,122,538


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
989,995
1,121,538

  
990,995
1,122,538


Page 1

 
GOODFELLOWS OF DUNDEE LTD
REGISTERED NUMBER: SC029972

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr D A Henderson
Director

Date: 8 October 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GOODFELLOWS OF DUNDEE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Goodfellows of Dundee Ltd is a private Company, limited by shares, in Scotland with registration number
SC029972. The registered office is 81 Gray Street, Broughty Ferry, Dundee, DD5 2BQ.
The financial statements are presented in Sterling which is the functional currency of the Company and
rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
GOODFELLOWS OF DUNDEE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
GOODFELLOWS OF DUNDEE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
straight line
Motor vehicles
-
25%
straight line
Fixtures and fittings
-
25%
straight line
Office equipment
-
25%
straight line
Ovens
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







No of employees
129
125

Page 5

 
GOODFELLOWS OF DUNDEE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
1,338,867
82,246
68,182
198,308
1,687,603


Additions
21,007
25,170
-
10,385
56,562


Disposals
-
(21,100)
-
-
(21,100)



At 31 January 2024

1,359,874
86,316
68,182
208,693
1,723,065



Depreciation


At 1 February 2023
1,144,609
54,684
61,080
198,224
1,458,597


Charge for the year on owned assets
76,676
17,105
7,102
2,680
103,563


Disposals
-
(21,100)
-
-
(21,100)



At 31 January 2024

1,221,285
50,689
68,182
200,904
1,541,060



Net book value



At 31 January 2024
138,589
35,627
-
7,789
182,005



At 31 January 2023
194,258
27,562
7,102
84
229,006


5.


Debtors

2024
2023
£
£


Trade debtors
115,191
115,470

Amounts owed by group undertakings
486,815
133,081

Other debtors
11,940
8,229

Prepayments and accrued income
87,725
96,728

701,671
353,508


Page 6

 
GOODFELLOWS OF DUNDEE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
85,309
90,311

Other taxation and social security
28,942
25,675

Other creditors
2,490
57,577

Accruals and deferred income
195,535
103,563

312,276
277,126



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



8.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
52,597
105,888

Later than 1 year and not later than 5 years
42,000
-

94,597
105,888


9.


Controlling party

The immediate parent company is Goodfellow & Steven Group Limited, a company incorporated in Scotland; Registered number: SC017828. The registered office is 81 Gray Street, Broughty Ferry, Dundee, DD5 2BQ.


Page 7