Goodfellow & Goodfellow Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07659744

Goodfellow & Goodfellow Limited

Filleted Financial Statements

31 March 2026

Goodfellow & Goodfellow Limited

Balance Sheet

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	5	51,791	70,573
Tangible assets	6	498,448	531,719
		---------	---------
		550,239	602,292

Current assets

Stocks		936,463	1,301,092
Debtors	7	5,386,318	5,286,614
Cash at bank and in hand		1,556,296	664,432
		------------	------------
		7,879,077	7,252,138

Creditors: amounts falling due within one year	8	1,984,677	1,553,848
		------------	------------
Net current assets		5,894,400	5,698,290
		------------	------------
Total assets less current liabilities		6,444,639	6,300,582

Creditors: amounts falling due after more than one year	9	67,750	77,231

Provisions	20,526	70,364
	------------	------------
Net assets	6,356,363	6,152,987
	------------	------------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		6,356,263	6,152,887
		------------	------------
Shareholders funds		6,356,363	6,152,987
		------------	------------

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 profit and loss account has not been delivered.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Goodfellow & Goodfellow Limited

Balance Sheet (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 22 July 2026 , and are signed on behalf of the board by:

JM Dixte

Director

Company registration number: 07659744

Goodfellow & Goodfellow Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Swan Road, South West Industrial Estate, Peterlee, County Durham, SR8 2HS.

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.

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the company but are presented separately due to their size or incidence. Please see below for the costs on the profit and loss account that have been classified as exceptional in nature:

	2026	2025
	£	£
Remuneration and settlement to former directors/employees	247,277	-
Rent - unused floor space	25,187	25,187
Exceptional recruitment costs	30,169	-
Exceptional legal fees	6,848	10,343
	---------	--------
	309,481	35,530
	---------	--------

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.

Foreign currencies

The company's functional currency is the pound sterling. Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Computer software	-	20% to 50% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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	-	20% to 25% straight line
Computer equipment	-	33% straight line
Leasehold improvements	-	10% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 27 (2025: 27 ).

5. Intangible assets

	Computer software
	£
Cost
At 1 April 2025	150,807
Additions	–
Disposals	( 43,032)
	---------
At 31 March 2026	107,775
	---------
Amortisation
At 1 April 2025	80,234
Charge for the year	18,782
Disposals	( 43,032)
	---------
At 31 March 2026	55,984
	---------
Carrying amount
At 31 March 2026	51,791
	---------
At 31 March 2025	70,573
	---------

6. Tangible assets

	Fixtures and fittings	Computer equipment	Leasehold property improvements	Total
	£	£	£	£
Cost
At 1 April 2025	173,363	47,279	561,031	781,673
Additions	12,709	19,745	–	32,454
Disposals	( 12,497)	( 16,876)	–	( 29,373)
	---------	--------	---------	---------
At 31 March 2026	173,575	50,148	561,031	784,754
	---------	--------	---------	---------
Depreciation
At 1 April 2025	88,017	33,539	128,398	249,954
Charge for the year	10,622	11,768	43,335	65,725
Disposals	( 12,497)	( 16,876)	–	( 29,373)
	---------	--------	---------	---------
At 31 March 2026	86,142	28,431	171,733	286,306
	---------	--------	---------	---------
Carrying amount
At 31 March 2026	87,433	21,717	389,298	498,448
	---------	--------	---------	---------
At 31 March 2025	85,346	13,740	432,633	531,719
	---------	--------	---------	---------

7. Debtors

	2026	2025
	£	£
Trade debtors	1,036,538	1,371,203
Amounts owed by group undertakings	3,984,777	3,720,773
Other debtors	365,003	194,638
	------------	------------
	5,386,318	5,286,614
	------------	------------

Amounts owed by group undertakings are unsecured, interest free, have no fixed date of repayment, and are repayable on demand.

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	456,315	775,882
Amounts owed to group undertakings	96,711	70,440
Corporation tax	–	113,941
Social security and other taxes	225,896	242,487
Other creditors	1,205,755	351,098
	------------	------------
	1,984,677	1,553,848
	------------	------------

Amounts due to group undertakings are unsecured, interest free, have no fixed date of repayment, and are repayable on demand.

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	67,750	77,231
	--------	--------

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	266,625	188,326
Later than 1 year and not later than 5 years	1,066,500	547,960
	------------	---------
	1,333,125	736,286
	------------	---------

12. Summary audit opinion

The auditor's report dated 22 July 2026 was unqualified .

The senior statutory auditor was Christopher Gorman FCA FCCA , for and on behalf of Chipchase Manners .

13. Directors' advances, credits and guarantees

There were no directors advances, credits and guarantees in the year.

14. Parent undertaking

The company is included in the consolidated financial statements of ECF SAS, whose registered address is 1 rue René Clair - BP 17 91350, Grigny, France.