Godson & Coles Limited - Filleted accounts

Registered number

03789708

Godson & Coles Limited

Filleted Accounts

28 February 2026

Godson & Coles Limited
Registered number:		03789708
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		6,389			6,850
Investments	4		4,135,609			3,532,017
			4,141,998			3,538,867

Current assets
Stocks		1,616,276			1,673,000
Debtors	5	40,604			145,287
Cash at bank and in hand		1,201,813			888,243
		2,858,693			2,706,530

Creditors: amounts falling due within one year	6	(140,903)			(74,451)

Net current assets			2,717,790			2,632,079

Net assets			6,859,788			6,170,946

Capital and reserves
Called up share capital			200			200
Profit and loss account			6,859,588			6,170,746

Shareholders' funds			6,859,788			6,170,946

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R D Coles
Director
Approved by the board on 30 September 2026

Godson & Coles Limited
Notes to the Accounts
for the year ended 28 February 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years
	Motor vehicle	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery		Fixtures & fittings		Total
£			£		£
	Cost
	At 1 March 2025	20,962		7,864		28,826
	Additions	1,386		-		1,386
	At 28 February 2026	22,348		7,864		30,212

	Depreciation
	At 1 March 2025	16,533		5,443		21,976
	Charge for the year	1,163		684		1,847
	At 28 February 2026	17,696		6,127		23,823

	Net book value
	At 28 February 2026	4,652		1,737		6,389
	At 28 February 2025	4,429		2,421		6,850


4	Investments

Other
investments
£
	Cost
	At 1 March 2025					3,532,017
	Additions					34,987
	Revaluation					568,605

	At 28 February 2026					4,135,609


5	Debtors			2026		2025
£					£

	Trade debtors			15,404		123,767
	Prepayments			25,200		8,414
	Other taxes and social security			-		13,106
				40,604		145,287


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			51,730		3,876
	Taxation and social security costs			81,857		62,802
	Other creditors			7,316		7,773
				140,903		74,451


7	Other information

	Godson & Coles Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Devonshire House
	582 Honeypot Lane
	Stanmore
	HA7 1JS