Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC017828 2023-02-01 2024-01-31 SC017828 2022-02-01 2023-01-31 SC017828 2024-01-31 SC017828 2023-01-31 SC017828 c:Director1 2023-02-01 2024-01-31 SC017828 c:Director2 2023-02-01 2024-01-31 SC017828 c:Director3 2023-02-01 2024-01-31 SC017828 c:RegisteredOffice 2023-02-01 2024-01-31 SC017828 d:MotorVehicles 2023-02-01 2024-01-31 SC017828 d:MotorVehicles 2024-01-31 SC017828 d:MotorVehicles 2023-01-31 SC017828 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC017828 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 SC017828 d:FreeholdInvestmentProperty 2024-01-31 SC017828 d:FreeholdInvestmentProperty 2023-01-31 SC017828 d:CurrentFinancialInstruments 2024-01-31 SC017828 d:CurrentFinancialInstruments 2023-01-31 SC017828 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC017828 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 SC017828 d:ShareCapital 2024-01-31 SC017828 d:ShareCapital 2023-01-31 SC017828 d:RevaluationReserve 2023-02-01 2024-01-31 SC017828 d:RevaluationReserve 2024-01-31 SC017828 d:RevaluationReserve 2023-01-31 SC017828 d:OtherMiscellaneousReserve 2023-02-01 2024-01-31 SC017828 d:OtherMiscellaneousReserve 2024-01-31 SC017828 d:OtherMiscellaneousReserve 2023-01-31 SC017828 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 SC017828 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC017828 d:RetainedEarningsAccumulatedLosses 2023-01-31 SC017828 c:OrdinaryShareClass1 2023-02-01 2024-01-31 SC017828 c:OrdinaryShareClass1 2024-01-31 SC017828 c:OrdinaryShareClass1 2023-01-31 SC017828 c:FRS102 2023-02-01 2024-01-31 SC017828 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC017828 c:FullAccounts 2023-02-01 2024-01-31 SC017828 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC017828 5 2023-02-01 2024-01-31 SC017828 6 2023-02-01 2024-01-31 SC017828 e:PoundSterling 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC017828










GOODFELLOW & STEVEN GROUP LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

 
GOODFELLOW & STEVEN GROUP LIMITED
 

COMPANY INFORMATION


Directors
Mr M N Goodfellow 
Mr R S I Goodfellow 
Mrs S G Maclean 




Registered number
SC017828



Registered office
81 Gray Street

Dundee

Broughty Ferry

DD5 2BQ




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
GOODFELLOW & STEVEN GROUP LIMITED
REGISTERED NUMBER: SC017828

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
6,701
13,406

Investments
 5 
84,100
84,100

Investment property
  
3,283,886
2,848,306

  
3,374,687
2,945,812

Current assets
  

Debtors: amounts falling due within one year
 7 
14,629
6,787

Bank and cash balances
  
858,145
752,851

  
872,774
759,638

Creditors: amounts falling due within one year
 8 
(563,027)
(249,000)

Net current assets
  
 
 
309,747
 
 
510,638

Total assets less current liabilities
  
3,684,434
3,456,450

Provisions for liabilities
  

Deferred tax
  
(138,677)
(140,534)

  
 
 
(138,677)
 
 
(140,534)

Net assets
  
3,545,757
3,315,916


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Revaluation reserve
 10 
447,782
447,782

Other reserves
 10 
219,162
219,162

Profit and loss account
 10 
2,868,813
2,638,972

  
3,545,757
3,315,916


Page 1

 
GOODFELLOW & STEVEN GROUP LIMITED
REGISTERED NUMBER: SC017828

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 financial statements have been prepared 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 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: 




Mrs S G Maclean
Director

Date: 8 October 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

1.


General information

Goodfellow & Steven Group Limited is a private Company, limited by shares, in Scotland with registration number SC017828. 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

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:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.2

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.

Page 3

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.3

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.

 
2.4

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.

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:

Motor vehicles
-
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.

Page 4

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.


3.


Employees

The average monthly number of employees, including the directors, during the year was 3 (2023: 3).

Page 5

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 February 2023
54,518



At 31 January 2024

54,518



Depreciation


At 1 February 2023
41,112


Charge for the year on owned assets
6,705



At 31 January 2024

47,817



Net book value



At 31 January 2024
6,701



At 31 January 2023
13,406


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 February 2023
84,100



At 31 January 2024
84,100




Page 6

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

6.


Investment property


Freehold investment property

£



Valuation


At 1 February 2023
2,848,306


Additions at cost
435,580



At 31 January 2024
3,283,886

The investment property is included in the financial statements at directors valuation. In the opinion of the directors, the value as at 31 January 2024 is a fair reflection of the market value.








7.


Debtors

2024
2023
£
£


Trade debtors
-
4,726

Other debtors
3,974
1,350

Prepayments and accrued income
10,655
711

14,629
6,787



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
507,448
152,878

Other taxation and social security
4,350
53,033

Other creditors
28,518
36,675

Accruals and deferred income
22,711
6,414

563,027
249,000


Page 7

 
GOODFELLOW & STEVEN GROUP LIMITED
 

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

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



10.


Reserves

Revaluation reserve

Revaluation reserves represent the revaluation gain arising on previous UK GAAP treatment of heritable property, now reclassified as investment property under FRS 102. To comply with the requirements of FRS 102, deferred tax has been applied on the gain.

Other reserves

Other reserves relate to other non distributable reserves.

Profit and loss account

Profit and loss account includes all current and prior period retained distributable profits and losses.


Page 8