REGISTERED NUMBER: 06434357 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Goodwin Corporation Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N J Goodwin

M F Goodwin

SECRETARY:

M D Goodwin

REGISTERED OFFICE:

Carlton House

Gores Road

Knowsley Industrial Estate

Liverpool

Merseyside

L33 7XS

REGISTERED NUMBER:

06434357 (England and Wales)

AUDITORS:

SB&P

Chartered Accountants & Statutory Auditors

Oriel House

2-8 Oriel Road

Bootle

Liverpool

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

-

48,659

CURRENT ASSETS

Debtors

5

100

210,591

Cash at bank

-

442,712

100

653,303

CREDITORS

Amounts falling due within one year

6

-

26,206

NET CURRENT ASSETS

100

627,097

TOTAL ASSETS LESS CURRENT LIABILITIES

100

675,756

CREDITORS

Amounts falling due after more than one year

7

-

(55,979

)

PROVISIONS FOR LIABILITIES

-

(1,459

)

NET ASSETS

100

618,318

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

-

618,218

SHAREHOLDERS' FUNDS

100

618,318

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 11 November 2025 and were signed on its behalf by:

N J Goodwin - Director

1.	STATUTORY INFORMATION

Goodwin Corporation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

10,251

62,022

72,273

Disposals

(10,251

)

(62,022

)

(72,273

)

At 31 March 2025

-

-

-

DEPRECIATION

At 1 April 2024

7,407

16,207

23,614

Eliminated on disposal

(7,407

)

(16,207

)

(23,614

)

At 31 March 2025

-

-

-

NET BOOK VALUE

At 31 March 2025

-

-

-

At 31 March 2024

2,844

45,815

48,659

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

62,022

Transfer to ownership

(62,022

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

16,207

Transfer to ownership

(16,207

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

45,815

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

13,047

Amounts owed by group undertakings

100

197,544

100

210,591

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

5,084

Trade creditors

-

5,121

Taxation and social security

-

8,767

Other creditors

-

7,234

-

26,206

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

55,979

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

100

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Suzanne Draper FCCA ACA (Senior Statutory Auditor)

for and on behalf of SB&P

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Standard Group Holdings Limited.

11.	PARENT CONSOLIDATION

The company is included within the consolidated financial statements of Standard Group Holdings Ltd the registered office of which is Carlton House, Gores Lane, Knowsley Industrial Estate, Liverpool, L33 7XS.