BrightAccountsProduction v1.0.0 v1.0.0 2024-02-29 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of asphalt contractors. 18 August 2025 0 0 06490473 2025-02-28 06490473 2024-02-28 06490473 2023-02-27 06490473 2024-02-29 2025-02-28 06490473 2023-02-28 2024-02-28 06490473 uk-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 06490473 uk-curr:PoundSterling 2024-02-29 2025-02-28 06490473 uk-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 06490473 uk-bus:FullAccounts 2024-02-29 2025-02-28 06490473 uk-core:ShareCapital 2025-02-28 06490473 uk-core:ShareCapital 2024-02-28 06490473 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 06490473 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 06490473 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-02-28 06490473 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-28 06490473 uk-bus:FRS102 2024-02-29 2025-02-28 06490473 uk-core:Goodwill 2024-02-29 2025-02-28 06490473 uk-core:PlantMachinery 2024-02-29 2025-02-28 06490473 uk-core:FurnitureFittingsToolsEquipment 2024-02-29 2025-02-28 06490473 uk-core:MotorVehicles 2024-02-29 2025-02-28 06490473 uk-core:Goodwill 2024-02-28 06490473 uk-core:Goodwill 2025-02-28 06490473 uk-core:CurrentFinancialInstruments 2025-02-28 06490473 uk-core:CurrentFinancialInstruments 2024-02-28 06490473 uk-core:WithinOneYear 2025-02-28 06490473 uk-core:WithinOneYear 2024-02-28 06490473 uk-core:OtherMiscellaneousReserve 2024-02-28 06490473 uk-core:OtherMiscellaneousReserve 2024-02-29 2025-02-28 06490473 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-02-28 06490473 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-02-28 06490473 uk-core:OtherDeferredTax 2025-02-28 06490473 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-02-28 06490473 uk-core:OtherMiscellaneousReserve 2025-02-28 06490473 2024-02-29 2025-02-28 06490473 uk-bus:CompanySecretary1 2024-02-29 2025-02-28 06490473 uk-bus:Director1 2024-02-29 2025-02-28 06490473 uk-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: 06490473
 
 
Neville Godfrey Limited
 
Unaudited Financial Statements
 
for the financial period ended 28 February 2025
Neville Godfrey Limited
Company Registration Number: 06490473
BALANCE SHEET
as at 28 February 2025

Feb 25 Feb 24
Notes £ £
 
Fixed Assets
Tangible assets 7 31,792 36,012
───────── ─────────
 
Current Assets
Stocks 8 750 750
Debtors 9 14,281 54,697
Cash at bank and in hand 49,996 30,315
───────── ─────────
65,027 85,762
───────── ─────────
Creditors: amounts falling due within one year 10 (24,331) (31,728)
───────── ─────────
Net Current Assets 40,696 54,034
───────── ─────────
Total Assets less Current Liabilities 72,488 90,046
 
Provisions for liabilities 12 (6,040) (6,842)
───────── ─────────
Net Assets 66,448 83,204
═════════ ═════════
 
Capital and Reserves
Called up share capital 150 150
Retained earnings 66,298 83,054
───────── ─────────
Shareholders' Funds 66,448 83,204
═════════ ═════════
 
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 period ended 28 February 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 period 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 period and of its profit and loss for the financial period 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 18 August 2025 and signed on its behalf by
           
           
           
________________________________          
L M Godfrey          
Director          
           



Neville Godfrey Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 28 February 2025

   
1. General Information
 
Neville Godfrey Limited is a company limited by shares incorporated in the United Kingdom. 36-38 King Street, King's Lynn, Norfolk, PE301ES, England is the registered office. The principal place of business is 4 Lavender Road, King's Lynn, Norfolk, PE30 4HA.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 28 February 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 on the going concern basis and 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 sales made 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 - 15% Reducing balance
  Fixtures, fittings and equipment - 15% Reducing balance
  Motor vehicles - 25% 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.
 
Stocks
Stocks are valued at the lower of cost and net realisable value.  Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
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 period 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.
   
3. Period of financial statements
 
The financial statements are for the 12 month 1 day period ended 28 February 2025.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial period was 4, (Feb 24 - 5).
       
5. Dividends Feb 25 Feb 24
  £ £
Dividends on equity shares:
 
Ordinary Shares - Interim paid 35,000 51,750
  ═════════ ═════════
 
Since the year end dividends totalling £8,750 have been paid.
     
6. Intangible assets
   
  Goodwill
  £
Cost
At 29 February 2024 102,400
  ─────────
 
At 28 February 2025 102,400
  ─────────
Amortisation
 
At 28 February 2025 102,400
  ─────────
Net book value
At 28 February 2025 -
  ═════════
           
7. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 29 February 2024 29,212 2,053 62,486 93,751
Additions - 4,380 - 4,380
  ───────── ───────── ───────── ─────────
At 28 February 2025 29,212 6,433 62,486 98,131
  ───────── ───────── ───────── ─────────
Depreciation
At 29 February 2024 19,784 876 37,079 57,739
Charge for the financial period 2,071 177 6,352 8,600
  ───────── ───────── ───────── ─────────
At 28 February 2025 21,855 1,053 43,431 66,339
  ───────── ───────── ───────── ─────────
Net book value
At 28 February 2025 7,357 5,380 19,055 31,792
  ═════════ ═════════ ═════════ ═════════
At 28 February 2024 9,428 1,177 25,407 36,012
  ═════════ ═════════ ═════════ ═════════
       
8. Stocks Feb 25 Feb 24
  £ £
 
Raw materials 750 750
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
9. Debtors Feb 25 Feb 24
  £ £
 
Trade debtors 5,777 47,231
Taxation  (Note 11) 962 -
Prepayments and accrued income 7,542 7,466
  ───────── ─────────
  14,281 54,697
  ═════════ ═════════
 
Trade debtors includes amounts due for contracts not billed at the year end of £Nil (2024 £2,480).
       
10. Creditors Feb 25 Feb 24
Amounts falling due within one year £ £
 
Trade creditors 5,765 8,516
Taxation  (Note 11) 5,731 7,888
Directors' current accounts 9,327 12,144
Accruals 3,508 3,180
  ───────── ─────────
  24,331 31,728
  ═════════ ═════════
       
11. Taxation Feb 25 Feb 24
  £ £
 
Debtors:
PAYE / NI 962 -
  ═════════ ═════════
Creditors:
VAT 587 1,002
Corporation tax 5,144 5,564
PAYE / NI - 1,322
  ───────── ─────────
  5,731 7,888
  ═════════ ═════════
       
12. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
  Feb 25 Feb 24
  £ £
 
At financial period start 6,842 5,093
Charged to profit and loss (802) 1,749
  ───────── ─────────
At financial period end 6,040 6,842
  ═════════ ═════════
           
13. Related party transactions
 
During the year dividends totalling £35,000 were paid to the directors.
   
14. Controlling interest
 
The company is under the control of Mrs L M Godfrey, a director and the majority shareholder.