S M Goodchild Limited 1151973 false 2024-05-01 2025-04-30 2025-04-30 The principal activity of the company is the supply of specialised rubber products Digita Accounts Production Advanced 6.30.9574.0 true 1151973 2024-05-01 2025-04-30 1151973 2025-04-30 1151973 bus:OrdinaryShareClass1 2025-04-30 1151973 core:RetainedEarningsAccumulatedLosses 2025-04-30 1151973 core:ShareCapital 2025-04-30 1151973 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-04-30 1151973 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-04-30 1151973 core:CurrentFinancialInstruments 2025-04-30 1151973 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 1151973 core:Non-currentFinancialInstruments core:AfterOneYear 2025-04-30 1151973 core:FurnitureFittingsToolsEquipment 2025-04-30 1151973 core:LandBuildings 2025-04-30 1151973 core:MotorVehicles 2025-04-30 1151973 bus:SmallEntities 2024-05-01 2025-04-30 1151973 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 1151973 bus:FilletedAccounts 2024-05-01 2025-04-30 1151973 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 1151973 bus:RegisteredOffice 2024-05-01 2025-04-30 1151973 bus:Director4 2024-05-01 2025-04-30 1151973 bus:OrdinaryShareClass1 2024-05-01 2025-04-30 1151973 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 1151973 core:FurnitureFittingsToolsEquipment 2024-05-01 2025-04-30 1151973 core:LandBuildings 2024-05-01 2025-04-30 1151973 core:MotorVehicles 2024-05-01 2025-04-30 1151973 core:PlantMachinery 2024-05-01 2025-04-30 1151973 countries:England 2024-05-01 2025-04-30 1151973 2024-04-30 1151973 core:FurnitureFittingsToolsEquipment 2024-04-30 1151973 core:LandBuildings 2024-04-30 1151973 core:MotorVehicles 2024-04-30 1151973 2023-05-01 2024-04-30 1151973 2024-04-30 1151973 bus:OrdinaryShareClass1 2024-04-30 1151973 core:RetainedEarningsAccumulatedLosses 2024-04-30 1151973 core:ShareCapital 2024-04-30 1151973 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-04-30 1151973 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 1151973 core:CurrentFinancialInstruments 2024-04-30 1151973 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 1151973 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 1151973 core:FurnitureFittingsToolsEquipment 2024-04-30 1151973 core:LandBuildings 2024-04-30 1151973 core:MotorVehicles 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 1151973

S M Goodchild Limited
Filleted Unaudited Financial Statements
for the Year Ended 30 April 2025

S M Goodchild Limited

(Registration number: 1151973)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 261,538 | 291,879
Current assets |  |  |
Stocks |  | 11,340 | 41,127
Debtors | 5 | 162,137 | 110,570
Cash at bank and in hand |  | 434,885 | 394,002
|  | 608,362 | 545,699
Creditors: Amounts falling due within one year | 6 | (126,985) | (143,893)
Net current assets |  | 481,377 | 401,806
Total assets less current liabilities |  | 742,915 | 693,685
Creditors: Amounts falling due after more than one year | 6 | (16,110) | (32,159)
Provisions for liabilities |  | (52,514) | (59,277)
Net assets |  | 674,291 | 602,249
Capital and reserves |  |  |
Called up share capital | 8 | 20,000 | 20,000
Retained earnings |  | 654,291 | 582,249
Shareholders' funds |  | 674,291 | 602,249

S M Goodchild Limited

(Registration number: 1151973)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 January 2026 and signed on its behalf by:

Mr S C Goodchild Director |  |

S M Goodchild Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
East Common Lane
Scunthorpe
North Lincolnshire
DN16 1DE
Registration number: 1151973.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

S M Goodchild Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% per annum on written down value
Furniture, fittings and equipment | 15% per annum on written down value
Property | 2% per annum on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

S M Goodchild Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the fair value at inception of the lease. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

S M Goodchild Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year was 6 (2024 - 6).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 May 2024 | 166,741 | 114,034 | 161,164 | 441,939
Additions | - | - | 2,083 | 2,083
At 30 April 2025 | 166,741 | 114,034 | 163,247 | 444,022
Depreciation
At 1 May 2024 | - | 90,300 | 59,760 | 150,060
Charge for the year | 3,335 | 3,563 | 25,526 | 32,424
At 30 April 2025 | 3,335 | 93,863 | 85,286 | 182,484
Carrying amount
At 30 April 2025 | 163,406 | 20,171 | 77,961 | 261,538
At 30 April 2024 | 166,741 | 23,734 | 101,404 | 291,879

Included within the net book value of land and buildings above is £163,406 (2024 - £166,741) in respect of freehold land and buildings.

5 | Debtors

| 2025 £ | 2024 £
Trade debtors | 157,023 | 106,334
Other debtors | 5,114 | 4,236
| 162,137 | 110,570

S M Goodchild Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 16,817 | 16,594
Trade creditors |  | 38,420 | 96,272
Social security and other taxes |  | 55,845 | 15,036
Other creditors |  | 15,903 | 15,991
|  | 126,985 | 143,893

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 16,110 | 32,159

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 16,817 | 16,594

| 2025 £ | 2024 £
Non-current loans and borrowings
Hire purchase contracts | 16,110 | 32,159

Hire purchase contracts are secured on the relevant assets.

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 20,000 | 20,000 | 20,000 | 20,000