Registration number: 01449752

H.R. Goodale (Northern) Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

H.R. Goodale (Northern) Limited

(Registration number: 01449752)
Balance Sheet as at 31 December 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		11,417		12,713
Current assets
Debtors	5	264,253		277,894
Cash at bank and in hand		182,723		177,471
		446,976		455,365
Creditors: Amounts falling due within one year	6	(360,306)		(386,326)
Net current assets			86,670		69,039
Total assets less current liabilities			98,087		81,752
Provisions for liabilities			(3,000)		(3,000)
Net assets			95,087		78,752
Capital and reserves
Called up share capital	8	55		55
Capital redemption reserve		50		50
Retained earnings		94,982		78,647
Shareholders' funds			95,087		78,752

H.R. Goodale (Northern) Limited

(Registration number: 01449752)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 14 April 2026 and signed on its behalf by:
 

......................................... T O Dangerfield Director

H.R. Goodale (Northern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

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

The address of its registered office is:
Lacy Way
Lowfields Business Park
Elland
Halifax
HX5 9DB

These financial statements were authorised for issue by the Board on 14 April 2026.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

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.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services 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.

Tax

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

The current corporation 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.

H.R. Goodale (Northern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% Reducing balance basis

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

H.R. Goodale (Northern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

H.R. Goodale (Northern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Tangible assets

	Plant and machinery  £	Total £
Cost or valuation
At 1 January 2025	45,838	45,838
Additions	1,605	1,605
Disposals	(5,900)	(5,900)
At 31 December 2025	41,543	41,543
Depreciation
At 1 January 2025	33,125	33,125
Charge for the year	2,140	2,140
Eliminated on disposal	(5,139)	(5,139)
At 31 December 2025	30,126	30,126
Carrying amount
At 31 December 2025	11,417	11,417
At 31 December 2024	12,713	12,713

5

Debtors

Current	2025 £	2024 £
Trade debtors	255,577	266,075
Prepayments	8,163	8,696
Other debtors	513	3,123
	264,253	277,894

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	17,591	49,432
Trade creditors		233,543	240,503
Taxation and social security		97,662	91,609
Accruals and deferred income		8,570	3,750
Other creditors		2,940	1,032
		360,306	386,326

H.R. Goodale (Northern) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	17,591	49,432

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
'A' Ordinary shares of £1 each	27	27	27	27
'B' Ordinary shares of £1 each	14	14	14	14
'C' Ordinary shares of £1 each	14	14	14	14
	55	55	55	55

9	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £770,029 (2024 - £853,258).

10	Related party transactions

Transactions with directors

2025	At 1 January 2025 £	Advances to director £	At 31 December 2025 £
Directors loan account	-	213	213

Expenditure with and payables to related parties

2025	Key management £
Amounts payable to related party	17,591

2024	Key management £
Amounts payable to related party	49,432