REGISTERED NUMBER: 12166940 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GOODCO GROUP LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C S W Hopwood

SECRETARY:

REGISTERED OFFICE:

1 Pittman Way

Fulwood

Preston

PR2 9ZD

REGISTERED NUMBER:

12166940 (England and Wales)

ACCOUNTANTS:

MBE Accountancy Ltd

Chartered Certified Practice

10 High Street

Windermere

Cumbria

LA231AF

FIXED ASSETS

Intangible assets

4

2,342

2,660

Tangible assets

5

2,085,150

2,196,155

2,087,492

2,198,815

CURRENT ASSETS

Stocks

210,586

153,850

Debtors

6

671,872

786,902

Cash at bank

932,476

1,257,012

1,814,934

2,197,764

CREDITORS

Amounts falling due within one year

7

802,514

673,408

NET CURRENT ASSETS

1,012,420

1,524,356

TOTAL ASSETS LESS CURRENT LIABILITIES

3,099,912

3,723,171

CREDITORS

Amounts falling due after more than one year

8

(78,096

)

(402,129

)

PROVISIONS FOR LIABILITIES

(515,751

)

(627,997

)

NET ASSETS

2,506,065

2,693,045

CAPITAL AND RESERVES

Called up share capital

11

11

Share premium

60,004

60,004

Retained earnings

2,446,050

2,633,030

SHAREHOLDERS' FUNDS

2,506,065

2,693,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 17 September 2026 and were signed by:

C S W Hopwood - Director

1.	STATUTORY INFORMATION

GoodCo Group Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

Short leasehold

-

in accordance with the lease

Plant and machinery

-

at variable rates on different policies

Motor vehicles

-

at variable rates on different policies

Computer equipment

-

30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

5,165

Additions

220

At 31 December 2025

5,385

AMORTISATION

At 1 January 2025

2,505

Charge for year

538

At 31 December 2025

3,043

NET BOOK VALUE

At 31 December 2025

2,342

At 31 December 2024

2,660

5.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

31,639

2,624,517

78,183

15,071

2,749,410

Additions

-

122,136

37,941

582

160,659

Disposals

-

(62,128

)

-

(1,049

)

(63,177

)

At 31 December 2025

31,639

2,684,525

116,124

14,604

2,846,892

DEPRECIATION

At 1 January 2025

6,328

528,834

11,023

7,070

553,255

Charge for year

3,164

227,527

7,125

2,415

240,231

Eliminated on disposal

-

(31,107

)

-

(637

)

(31,744

)

At 31 December 2025

9,492

725,254

18,148

8,848

761,742

NET BOOK VALUE

At 31 December 2025

22,147

1,959,271

97,976

5,756

2,085,150

At 31 December 2024

25,311

2,095,683

67,160

8,001

2,196,155

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

Plant and

machinery

£

COST

At 1 January 2025

665,341

Transfer to ownership

(373,482

)

At 31 December 2025

291,859

DEPRECIATION

At 1 January 2025

131,504

Charge for year

15,938

Transfer to ownership

(108,896

)

At 31 December 2025

38,546

NET BOOK VALUE

At 31 December 2025

253,313

At 31 December 2024

533,837

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

416,400

410,255

Other debtors

255,472

376,647

671,872

786,902

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

62,284

99,667

Trade creditors

247,335

243,747

Taxation and social security

222,940

108,992

Other creditors

269,955

221,002

802,514

673,408

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

78,096

140,380

Other creditors

-

261,749

78,096

402,129

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

31.12.25

31.12.24

£

£

C S W Hopwood

Balance outstanding at start of year

(243,104

)

(261,432

)

Amounts advanced

384,777

168,698

Amounts repaid

(144,918

)

(150,370

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,245

)

(243,104

)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C S W Hopwood.