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REGISTERED NUMBER: 10214870 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

GOODWIN LIGHTING LIMITED

GOODWIN LIGHTING LIMITED (Registered number: 10214870)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODWIN LIGHTING LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTORS: I Cocker
A Vaswani
R K Gupta





REGISTERED OFFICE: 16 Spencer Road
Isleworth
Middlesex
TW7 4BH





REGISTERED NUMBER: 10214870 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Certified Accountants
471 Green Lane
Coventry
West Midlands
CV3 6EL

GOODWIN LIGHTING LIMITED (Registered number: 10214870)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 196 261

CURRENT ASSETS
Stocks 189,239 216,999
Debtors 5 54,959 95,262
Cash at bank and in hand 25,843 38,417
270,041 350,678
CREDITORS
Amounts falling due within one year 6 75,236 175,122
NET CURRENT ASSETS 194,805 175,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,001

175,817

CREDITORS
Amounts falling due after more than one
year

7

7,437

-
NET ASSETS 187,564 175,817

CAPITAL AND RESERVES
Called up share capital 8 999 999
Retained earnings 9 186,565 174,818
SHAREHOLDERS' FUNDS 187,564 175,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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 LIGHTING LIMITED (Registered number: 10214870)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





R K Gupta - Director


GOODWIN LIGHTING LIMITED (Registered number: 10214870)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

GOODWIN LIGHTING 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.
Fixtures, fittings & equipment - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

GOODWIN LIGHTING LIMITED (Registered number: 10214870)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipmen
£   
COST
At 1 June 2023
and 31 May 2024 1,406
DEPRECIATION
At 1 June 2023 1,145
Charge for year 65
At 31 May 2024 1,210
NET BOOK VALUE
At 31 May 2024 196
At 31 May 2023 261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 54,583 69,283
Other debtors 376 25,979
54,959 95,262

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 12,470 30,383
Taxation and social security 39,305 30,624
Other creditors 23,461 114,115
75,236 175,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Other creditors 7,437 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
999 Ordinary Shares £1 999 999

GOODWIN LIGHTING LIMITED (Registered number: 10214870)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 174,818
Profit for the year 40,247
Dividends (28,500 )
At 31 May 2024 186,565