Goodwin Allen Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11924385

GOODWIN ALLEN LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2025

GOODWIN ALLEN LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	16,585	21,136

CURRENT ASSETS

Cash at bank and in hand	29,893	36,583

PREPAYMENTS AND ACCRUED INCOME	314	90

CREDITORS: amounts falling due within one year	6	10,138	35,737
		---------	---------
NET CURRENT ASSETS		20,069	936
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		36,654	22,072

CREDITORS: amounts falling due after more than one year	7	12,969	15,878

ACCRUALS AND DEFERRED INCOME	4,720	1,654
	---------	---------
NET ASSETS	18,965	4,540
	---------	---------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	18,865	4,440
	---------	--------
SHAREHOLDERS FUNDS	18,965	4,540
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

GOODWIN ALLEN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr S Goodwin

Director

Company registration number: 11924385

GOODWIN ALLEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, Lancashire, LA1 3SW, UK.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	33% straight line
Motor vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. TANGIBLE ASSETS

Fixtures and fittings	Motor vehicles	Total
£	£	£

Cost
At 1 April 2024	2,725	27,499	30,224
Additions	1,825	–	1,825
	--------	---------	---------
At 31 March 2025	4,550	27,499	32,049
	--------	---------	---------
Depreciation
At 1 April 2024	2,213	6,875	9,088
Charge for the year	1,220	5,156	6,376
	--------	---------	---------
At 31 March 2025	3,433	12,031	15,464
	--------	---------	---------
Carrying amount
At 31 March 2025	1,117	15,468	16,585
	--------	---------	---------
At 31 March 2024	512	20,624	21,136
	--------	---------	---------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£

Corporation tax	4,911	2,871
Obligations under finance leases and hire purchase contracts	2,909	2,909
Director loan accounts	2,318	29,957
	---------	---------
	10,138	35,737
	---------	---------

7. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£

Obligations under finance leases and hire purchase contracts	12,969	15,878
	---------	---------