Company Registration No. 05292047 (England and Wales)
I. D. GODDEN & CO LIMITED
Unaudited accounts
for the year ended 31 December 2025
I. D. GODDEN & CO LIMITED
Unaudited accounts
Contents
I. D. GODDEN & CO LIMITED
Statement of financial position
as at 31 December 2025
Tangible assets
586,646
577,837
Cash at bank and in hand
730,974
691,296
Creditors: amounts falling due within one year
(500,470)
(507,132)
Net current assets
283,258
224,926
Total assets less current liabilities
869,904
802,763
Provisions for liabilities
Deferred tax
(21,788)
(19,586)
Net assets
848,116
783,177
Called up share capital
4
4
Profit and loss account
848,112
783,173
Shareholders' funds
848,116
783,177
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 August 2026 and were signed on its behalf by
Ivor GODDEN
Director
Company Registration No. 05292047
I. D. GODDEN & CO LIMITED
Notes to the Accounts
for the year ended 31 December 2025
I. D. GODDEN & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05292047. The registered office is The Bungalow, Barnard Gate, Witney, Oxfordshire, OX29 6XE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
I. D. GODDEN & CO LIMITED
Notes to the Accounts
for the year ended 31 December 2025
During the year, it was identified that the Company's beneficial interest in a property had not been fully reflected in the financial statements of previous periods.
Following a review of the legal documentation relating to the property, it was established that the Company's beneficial interest in the property had not previously been fully recognised.
The comparative figures have therefore been restated to reflect the Company's beneficial interest in the property in accordance with the underlying legal documentation.
The effect of the correction on the comparative balance sheet is to increase land and buildings by £319,800, from £179,692 to £499,492, and to increase the amount due to the director by £319,800, from £16,616 to £336,416.
The adjustment has no effect on the profit or retained earnings of the Company.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2025
499,492
5,251
138,103
1,200
13,970
658,016
Additions
-
-
40,662
-
-
40,662
Disposals
-
-
(11,799)
-
-
(11,799)
At 31 December 2025
499,492
5,251
166,966
1,200
13,970
686,879
At 1 January 2025
-
4,222
63,028
821
12,108
80,179
Charge for the year
-
258
28,235
95
465
29,053
On disposals
-
-
(8,999)
-
-
(8,999)
At 31 December 2025
-
4,480
82,264
916
12,573
100,233
At 31 December 2025
499,492
771
84,702
284
1,397
586,646
At 31 December 2024
499,492
1,029
75,075
379
1,862
577,837
Amounts falling due within one year
Trade debtors
44,214
32,734
Accrued income and prepayments
5,540
5,528
I. D. GODDEN & CO LIMITED
Notes to the Accounts
for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
35,649
48,348
Taxes and social security
83,940
89,274
Other creditors
4,256
2,954
Loans from directors
337,388
336,416
7
Average number of employees
During the year the average number of employees was 13 (2024: 13).