REGISTERED NUMBER: 09506275 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Goodwin Cowley Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs E Tan

Mr T N M Worthington-Chapman

Ms C E Riley

REGISTERED OFFICE:

Goodwin Cowley Solicitors

3 Regent Road

Lowestoft

Suffolk

NR32 1PA

REGISTERED NUMBER:

09506275 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Tangible assets

4

132,156

133,494

CURRENT ASSETS

Debtors

5

170,082

50,754

Cash at bank and in hand

18,311

5,164

188,393

55,918

CREDITORS

Amounts falling due within one year

6

169,708

125,769

NET CURRENT ASSETS/(LIABILITIES)

18,685

(69,851

)

TOTAL ASSETS LESS CURRENT LIABILITIES

150,841

63,643

CREDITORS

Amounts falling due after more than one year

7

19,064

33,081

NET ASSETS

131,777

30,562

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

131,677

30,462

SHAREHOLDERS' FUNDS

131,777

30,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr T N M Worthington-Chapman - Director

1.	STATUTORY INFORMATION

Goodwin Cowley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

not provided

Office equipment

-

33% on cost and 20% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

130,000

9,525

139,525

DEPRECIATION

At 1 January 2024

-

6,031

6,031

Charge for year

-

1,338

1,338

At 31 December 2024

-

7,369

7,369

NET BOOK VALUE

At 31 December 2024

130,000

2,156

132,156

At 31 December 2023

130,000

3,494

133,494

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

157,345

41,088

Prepayments and accrued income

12,737

9,666

170,082

50,754

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

75,964

74,734

Tax

10,048

-

Social security and other taxes

7,035

5,257

VAT

30,060

19,596

Other creditors

4,500

-

Accrued expenses

42,101

26,182

169,708

125,769

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans due in 1-2 years

8,238

14,816

Bank loans due in 2-5 years

10,826

17,413

Bank loans due in more than 5 years

-

852

19,064

33,081

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years

-

852

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank overdrafts

61,476

60,442

Bank loans

33,552

47,373

95,028

107,815

The bank loan and overdraft is secured by a fixed and floating charge over the assets of the company.