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GOODING TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOODING TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: I J Gooding
S J Gooding





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 04988336 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 566,288 530,087
566,288 530,087

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 6 1,087,863 961,116
Cash at bank and in hand 189,236 90,594
1,282,599 1,057,210
CREDITORS
Amounts falling due within one year 7 818,826 653,762
NET CURRENT ASSETS 463,773 403,448
TOTAL ASSETS LESS CURRENT LIABILITIES 1,030,061 933,535

CREDITORS
Amounts falling due after more than one
year

8

(42,272

)

-

PROVISIONS FOR LIABILITIES 11 (82,200 ) (73,600 )
NET ASSETS 905,589 859,935

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 905,489 859,835
SHAREHOLDERS' FUNDS 905,589 859,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

BALANCE SHEET - continued
31 JANUARY 2025


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





I J Gooding - Director


GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Gooding Transport 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance and 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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 Statement of Income and Retained Earnings, 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.


GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 20 (2024 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 60,000
AMORTISATION
At 1 February 2024
and 31 January 2025 60,000
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2024 316,168 45,728 396,660 5,756 764,312
Additions 28,566 6,626 156,105 3,484 194,781
Disposals - - (48,445 ) - (48,445 )
At 31 January 2025 344,734 52,354 504,320 9,240 910,648
DEPRECIATION
At 1 February 2024 80,604 16,333 135,885 1,403 234,225
Charge for year 30,860 8,691 87,515 1,703 128,769
Eliminated on disposal - - (18,634 ) - (18,634 )
At 31 January 2025 111,464 25,024 204,766 3,106 344,360
NET BOOK VALUE
At 31 January 2025 233,270 27,330 299,554 6,134 566,288
At 31 January 2024 235,564 29,395 260,775 4,353 530,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,082,937 956,854
Other debtors 4,926 4,262
1,087,863 961,116

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 18,788 4,267
Trade creditors 453,840 354,674
Taxation and social security 199,800 140,446
Other creditors 146,398 154,375
818,826 653,762

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 9) 42,272 -

GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 18,788 4,267
Between one and five years 42,272 -
61,060 4,267

Non-cancellable operating leases
2025 2024
£    £   
Within one year 36,000 36,000
Between one and five years 117,000 153,000
153,000 189,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 61,060 4,267

Net obligations under hire purchase contracts are secured on the assets concerned.

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 82,200 73,600

Deferred
tax
£   
Balance at 1 February 2024 73,600
Provided during year 8,600
Accelerated capital allowances
Loss relief
Balance at 31 January 2025 82,200

GOODING TRANSPORT LIMITED (REGISTERED NUMBER: 04988336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 ordinary £1 100 100