Company Registration No. 01243840 (England and Wales)
Graham Goode (motors) Limited
Unaudited accounts
for the year ended 28 February 2026
Graham Goode (motors) Limited
Unaudited accounts
Contents
Graham Goode (motors) Limited
Company Information
for the year ended 28 February 2026
Directors
Graham Derek Goode
Kathleen Joan Goode
Secretary
Kathleen Joan Goode
Company Number
01243840 (England and Wales)
Registered Office
Unit 1 The Folly, Soars Lodge Farm
Foston
Leicester
Leicestershire
LE8 5WP
United Kingdom
Graham Goode (motors) Limited
Statement of financial position
as at 28 February 2026
Tangible assets
56,438
49,272
Inventories
442,197
440,514
Cash at bank and in hand
65,160
66,126
Creditors: amounts falling due within one year
(205,707)
(206,184)
Net current assets
323,578
329,161
Net assets
380,016
378,433
Called up share capital
100
100
Profit and loss account
379,916
378,333
Shareholders' funds
380,016
378,433
For the year ending 28 February 2026 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 6 May 2026 and were signed on its behalf by
Graham Derek Goode
Director
Company Registration No. 01243840
Graham Goode (motors) Limited
Notes to the Accounts
for the year ended 28 February 2026
Graham Goode (motors) Limited is a private company, limited by shares, registered in England and Wales, registration number 01243840. The registered office is Unit 1 The Folly, Soars Lodge Farm, Foston, Leicester, Leicestershire, LE8 5WP, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
2% straight Line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Graham Goode (motors) Limited
Notes to the Accounts
for the year ended 28 February 2026
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.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2025
13,421
533,344
82,628
-
629,393
Additions
10,491
7,945
9,500
9,872
37,808
Disposals
(13,421)
(532,262)
-
-
(545,683)
At 28 February 2026
10,491
9,027
92,128
9,872
121,518
At 1 March 2025
13,421
516,196
50,504
-
580,121
Charge for the year
210
3,764
10,406
2,468
16,848
On disposals
(13,421)
(518,468)
-
-
(531,889)
At 28 February 2026
210
1,492
60,910
2,468
65,080
At 28 February 2026
10,281
7,535
31,218
7,404
56,438
At 28 February 2025
-
17,148
32,124
-
49,272
Amounts falling due within one year
Trade debtors
21,438
15,286
Amounts due from group undertakings etc.
-
11,949
Accrued income and prepayments
490
1,470
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Creditors: amounts falling due within one year
2026
2025
Trade creditors
107,563
153,326
Amounts owed to group undertakings and other participating interests
63,051
-
Taxes and social security
10,083
17,514
Loans from directors
2,828
3,103
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Graham Goode (motors) Limited
Notes to the Accounts
for the year ended 28 February 2026
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Average number of employees
During the year the average number of employees was 17 (2025: 18).