BrightAccountsProduction v1.0.0 v1.0.0 2024-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company in the year under review was that of plastering and repairs of residential and commercial buildings. 23 June 2025 1 1 NI058623 2025-03-31 NI058623 2024-03-31 NI058623 2023-03-31 NI058623 2024-04-01 2025-03-31 NI058623 2023-04-01 2024-03-31 NI058623 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI058623 uk-curr:PoundSterling 2024-04-01 2025-03-31 NI058623 uk-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI058623 uk-bus:FullAccounts 2024-04-01 2025-03-31 NI058623 uk-core:ShareCapital 2025-03-31 NI058623 uk-core:ShareCapital 2024-03-31 NI058623 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 NI058623 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 NI058623 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-03-31 NI058623 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 NI058623 uk-bus:FRS102 2024-04-01 2025-03-31 NI058623 uk-core:Goodwill 2024-04-01 2025-03-31 NI058623 uk-core:PlantMachinery 2024-04-01 2025-03-31 NI058623 uk-core:Goodwill 2024-03-31 NI058623 uk-core:Goodwill 2025-03-31 NI058623 uk-core:WithinOneYear 2025-03-31 NI058623 uk-core:WithinOneYear 2024-03-31 NI058623 uk-core:AfterOneYear 2025-03-31 NI058623 uk-core:AfterOneYear 2024-03-31 NI058623 uk-core:OtherMiscellaneousReserve 2024-03-31 NI058623 uk-core:OtherMiscellaneousReserve 2024-04-01 2025-03-31 NI058623 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-03-31 NI058623 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-03-31 NI058623 uk-core:OtherDeferredTax 2025-03-31 NI058623 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-03-31 NI058623 uk-core:OtherMiscellaneousReserve 2025-03-31 NI058623 2024-04-01 2025-03-31 NI058623 uk-bus:Director1 2024-04-01 2025-03-31 NI058623 uk-bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 NI058623 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI058623
 
 
Goodwin Plastering Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 March 2025
Goodwin Plastering Limited
Company Registration Number: NI058623
BALANCE SHEET
as at 31 March 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 6 9,895 11,309
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Current Assets
Cash and cash equivalents 5,981 8,231
Creditors: amounts falling due within one year 7 (1,200) (1,200)
───────── ─────────
Net Current Assets 4,781 7,031
───────── ─────────
Total Assets less Current Liabilities 14,676 18,340
 
Creditors:
amounts falling due after more than one year 8 (59,223) (64,538)
 
Provisions for liabilities 9 14,287 12,130
───────── ─────────
Net Liabilities (30,260) (34,068)
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings (30,262) (34,070)
───────── ─────────
Equity attributable to owners of the company (30,260) (34,068)
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 23 June 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Seamus Goodwin     Mary Goodwin
Director     Director
           



Goodwin Plastering Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 March 2025

   
1. General Information
 
Goodwin Plastering Limited is a company limited by shares incorporated in Northern Ireland. 26 Fintona Road, Dromore, Co Tyrone, BT78 3EF is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 March 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 12.5% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The balance sheet shows a deficiency of assets on a historical cost basis of £30,260. However, as £59,223 of the deficiency has been created by the existence of loans from the directors which are not payable in the foreseeable future, it is considered that the preparation of the accounts on the going concern basis is appropriate.
       
4. Employees
 
  2025 2024
  Number Number
 
Employees 1 1
  ═════════ ═════════
     
5. Intangible assets
   
  Goodwill
  £
Cost
At 1 April 2024 77,000
  ─────────
 
At 31 March 2025 77,000
  ─────────
Amortisation
 
At 31 March 2025 77,000
  ─────────
Net book value
At 31 March 2025 -
  ═════════
     
6. Tangible assets
  Plant and
  machinery
   
  £
Cost
At 1 April 2024 43,005
  ─────────
 
At 31 March 2025 43,005
  ─────────
Depreciation
At 1 April 2024 31,696
Charge for the financial year 1,414
  ─────────
At 31 March 2025 33,110
  ─────────
Net book value
At 31 March 2025 9,895
  ═════════
At 31 March 2024 11,309
  ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
Accruals 1,200 1,200
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Directors' loan accounts 59,223 64,538
  ═════════ ═════════
 
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      2025 2024
  £ £ £ £
 
At financial year start 2,150 (14,280) (12,130) (11,804)
Charged to profit and loss (269) (1,888) (2,157) (326)
  ───────── ───────── ───────── ─────────
At financial year end 1,881 (16,168) (14,287) (12,130)
  ═════════ ═════════ ═════════ ═════════
           
10. Related party transactions
 
At the start of the year the company had an opening liability of £64,538 owed to the director. During the year, the company borrowed a further £5,560 and repaid £10,875 leaving a closing balance owed to the director of £59,223 (2024: £64,538). This is included in the creditors section of the balance sheet.