Goddard Littlefair Ltd - Filleted accounts

Registered number

08242689

Goddard Littlefair Ltd

Filleted Accounts

31 December 2024

Goddard Littlefair Ltd
Registered number:		08242689
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		118,962			583,759
Investments	4		-			84,191
			118,962			667,950

Current assets
Debtors	5	3,140,520			2,487,978
Cash at bank and in hand		148,768			233,164
		3,289,288			2,721,142

Creditors: amounts falling due within one year	6	(1,746,818)			(1,782,056)

Net current assets			1,542,470			939,086

Total assets less current liabilities			1,661,432			1,607,036

Creditors: amounts falling due after more than one year	7		(205,702)			(279,681)

Net assets			1,455,730			1,327,355

Capital and reserves
Called up share capital			8,000			8,000
Profit and loss account			1,447,730			1,319,355

Shareholders' funds			1,455,730			1,327,355

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Joanne Littlefair
Director
Approved by the board on 26 September 2025

Goddard Littlefair Ltd
Notes to the Accounts
for the year ended 31 December 2024



1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures and fittings			over 10 years
	Computer equipment			over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2024		2023
Number							Number

	Average number of persons employed by the company					53		55

3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Computer equipment		Total
£			£		£		£
	Cost
	At 1 January 2024	613,109		137,863		178,041		929,013
	Additions	-		16,797		2,907		19,704
	Reclassifications	(613,109)		-		-		(613,109)
	Disposals	-		(1,835)		(151,274)		(153,109)
	At 31 December 2024	-		152,825		29,674		182,499

	Depreciation
	At 1 January 2024	159,323		28,478		157,453		345,254
	Charge for the period	-		15,283		13,781		29,064
	On reclassifications	(159,323)		-		-		(159,323)
	On disposals	-		(184)		(151,274)		(151,458)
	At 31 December 2024	-		43,577		19,960		63,537

	Net book value
	At 31 December 2024	-		109,248		9,714		118,962
	At 31 December 2023	453,786		109,385		20,588		583,759


4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	At 1 January 2024							84,191
	Additions							(84,191)

	At 31 December 2024							-



5	Debtors					2024		2023
£							£

	Trade debtors					1,490,927		1,688,225
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					1,585,698		626,112
	Other debtors					63,895		173,641
						3,140,520		2,487,978

	Amounts due after more than one year included above					1,111,316		-


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					52,570		173,522
	Trade creditors					1,088,945		1,076,263
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					-		22,063
	Taxation and social security costs					181,824		209,828
	Other creditors					423,479		300,380
						1,746,818		1,782,056


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Amounts owed to group undertakings and undertakings in which the company has a participating interest					64,767		138,746
	Other creditors					140,935		140,935
						205,702		279,681


8	Other information

	Goddard Littlefair Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7-8 Newbury Street
	London
	EC1A 7HU