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Registered number: 05762392
A Godfrey Electrical Limited
Unaudited Financial Statements
For The Year Ended 5 April 2025
Hammond Ford & Co Limited
Unit 6 Church Road
Barrow
Bury St. Edmunds
IP29 5AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05762392
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 160,591 134,993
160,591 134,993
CURRENT ASSETS
Debtors 6 27,091 1,814
Cash at bank and in hand 119,513 143,686
146,604 145,500
Creditors: Amounts Falling Due Within One Year 7 (48,778 ) (36,116 )
NET CURRENT ASSETS (LIABILITIES) 97,826 109,384
TOTAL ASSETS LESS CURRENT LIABILITIES 258,417 244,377
PROVISIONS FOR LIABILITIES
Deferred Taxation (8,385 ) (2,994 )
NET ASSETS 250,032 241,383
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 250,028 241,379
SHAREHOLDERS' FUNDS 250,032 241,383
Page 1
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For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Godfrey
Director
10th September 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
A Godfrey Electrical Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05762392 . The registered office is Unit 6, Church Farm Church Road, Barrow, Bury St. Edmunds, Suffolk, IP29 5AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 33% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 6 April 2024 100,000
As at 5 April 2025 100,000
Amortisation
As at 6 April 2024 100,000
As at 5 April 2025 100,000
Net Book Value
As at 5 April 2025 -
As at 6 April 2024 -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 6 April 2024 138,644 5,983 33,500 14,507 192,634
Additions - - 52,495 1,187 53,682
Disposals - - (33,500 ) - (33,500 )
As at 5 April 2025 138,644 5,983 52,495 15,694 212,816
Depreciation
As at 6 April 2024 19,411 5,983 22,900 9,347 57,641
Provided during the period 2,773 - 13,124 1,587 17,484
Disposals - - (22,900 ) - (22,900 )
As at 5 April 2025 22,184 5,983 13,124 10,934 52,225
Net Book Value
As at 5 April 2025 116,460 - 39,371 4,760 160,591
As at 6 April 2024 119,233 - 10,600 5,160 134,993
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 25,739 1,812
VAT 1,352 -
Other taxes and social security - 2
27,091 1,814
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 4,432 -
VAT - 3,028
Other creditors - 2,925
Accruals and deferred income 2,160 1,800
Director's loan account 42,186 28,363
48,778 36,116
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 4 4
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