2024-03-01 13969998 2025-02-28 13969998 2024-03-01 2025-02-28 13969998 2024-02-29 13969998 2023-03-01 2024-02-29 13969998 uk-core:WithinOneYear 2024-02-29 13969998 uk-core:WithinOneYear 2025-02-28 13969998 uk-core:AfterOneYear 2024-02-29 13969998 uk-core:AfterOneYear 2025-02-28 13969998 uk-core:ShareCapital 2025-02-28 13969998 uk-core:ShareCapital 2024-02-29 13969998 uk-core:RetainedEarningsAccumulatedLosses 2025-02-28 13969998 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 13969998 uk-bus:Director1 2024-03-01 2025-02-28 13969998 uk-core:PlantMachinery 2024-03-01 2025-02-28 13969998 uk-core:MotorCars 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure 13969998 uk-bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 13969998 uk-bus:FRS102 2024-03-01 2025-02-28 13969998 uk-bus:FilletedAccounts 2024-03-01 2025-02-28 13969998 uk-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28
Goodwoods Ltd
Registered Number:13969998
For the year ended 28 February 2025
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2025
Goodwoods Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13969998
As at 28 February 2025
Goodwoods Ltd
Abridged Statement of Financial Position
£
£
2024
2025
Notes
Fixed assets
2
Property, plant and equipment
38,094
92,698
38,094
92,698
Current assets
Inventories
15,990
20,444
3
Trade and other receivables
233,453
235,244
161,313
Cash and cash equivalents
43,688
299,376
410,756
Trade and other payables: amounts falling due within one year
(439,275)
(185,327)
4
(28,519)
114,049
Net current assets
Total assets less current liabilities
152,143
64,179
Trade and other payables: amounts falling due after more than
one year
(70,647)
(96,161)
5
55,982
Net assets/liabilities
(6,468)
Capital and reserves
Called up share capital
20
20
Retained earnings
55,962
(6,488)
55,982
(6,468)
Shareholders' funds
For the year ended 28 February 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
All the members have consented to the preparation of an Abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
13969998
For the year ended 28 February 2025
Goodwoods Ltd
Abridged Statement of Financial Position Continued
Mr Alec Witton Director
These financial statements were approved and authorised for issue by the Board on 21 August 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 28 February 2025
Goodwoods Ltd
Notes to the Financial Statements
Statutory Information
Goodwoods Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
13969998.
Registered address:
Unit 15 Innovation Studios
Canal Road
Strood
Kent
ME2 4DT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Straight line
10% Straight line
Motor Vehicles
2. Fixed assets
Property, plant
and equipment
£
Cost or valuation
At 01 March 2024
107,293
Additions
25,210
Disposals
(81,525)
At 28 February 2025
50,978
Provision for depreciation,
amortisation and impairment
At 01 March 2024
14,595
6,442
Charge for year
On disposal
(8,153)
At 28 February 2025
12,884
Net book value
At 28 February 2025
38,094
At 29 February 2024
92,698
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6
For the year ended 28 February 2025
Goodwoods Ltd
Notes to the Financial Statements Continued
3. Inventories
2024
2025
£
£
Stocks
20,444
15,990
4. Trade and other payables: amounts falling due within one year
2024
2025
£
£
Trade creditors
169,362
163,490
Taxation and social security
15,965
-
Accruals and deferred income
-
273,109
Other creditors
-
2,676
185,327
439,275
5. Trade and other payables: amounts falling due after more than one year
2024
2025
£
£
Accruals and deferred income
62,888
-
7,081
8,008
Directors' loan accounts
Other creditors
25,265
63,566
96,161
70,647
6. Average number of persons employed
During the year the average number of employees was 4 (2024 : 3)
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