REGISTERED NUMBER: 07242471 (England and Wales)

Goodwin Fox Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J Fox

Mr M J Fox

REGISTERED OFFICE:

181 Queen Street

Withernsea

East Yorkshire

HU19 2JR

REGISTERED NUMBER:

07242471 (England and Wales)

ACCOUNTANTS:

Southgates

Chartered Certified Accountants

9 Market Place

Hedon

East Yorkshire

HU12 8JA

FIXED ASSETS

Tangible assets

4

1,110

977

CURRENT ASSETS

Debtors

5

24,339

20,324

Cash at bank and in hand

72,525

78,805

96,864

99,129

CREDITORS

Amounts falling due within one year

6

59,156

74,861

NET CURRENT ASSETS

37,708

24,268

TOTAL ASSETS LESS CURRENT LIABILITIES

38,818

25,245

CREDITORS

Amounts falling due after more than one year

7

(38,542

)

(62,291

)

PROVISIONS FOR LIABILITIES

(211

)

(186

)

NET ASSETS/(LIABILITIES)

65

(37,232

)

CAPITAL AND RESERVES

Called up share capital

65

65

Retained earnings

-

(37,297

)

SHAREHOLDERS' FUNDS

65

(37,232

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2026 and were signed on its behalf by:

Mrs J Fox - Director

1.	STATUTORY INFORMATION

Goodwin Fox Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold property

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Fixtures

leasehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 June 2025

7,962

14,706

8,150

30,818

Additions

-

-

1,316

1,316

At 31 May 2026

7,962

14,706

9,466

32,134

DEPRECIATION

At 1 June 2025

7,962

14,103

7,776

29,841

Charge for year

-

151

1,032

1,183

At 31 May 2026

7,962

14,254

8,808

31,024

NET BOOK VALUE

At 31 May 2026

-

452

658

1,110

At 31 May 2025

-

603

374

977

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

15,743

18,818

Directors' current accounts

7,263

-

Prepayments

1,333

1,506

24,339

20,324

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

22,784

21,637

Trade creditors

2,055

578

Receipts in advance

-

2,500

Tax

10,214

1,536

Social security and other taxes

1,148

976

VAT

19,668

29,890

Directors' current accounts

-

14,195

Accruals

3,287

3,549

59,156

74,861

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

13,163

22,714

Bank loans - 2-5 years

25,379

39,577

38,542

62,291

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

2026

2025

£

£

Mrs J Fox

Balance outstanding at start of year

-

-

Amounts advanced

7,263

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

7,263

-

The directors loan account was repaid September 2026.