GODFREYS I.T. LIMITED

Latest accounts filed cover 2025-01-31; financial figures currently reflect up to 2023-01-31.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Stephenson Smart (East Anglia) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.”

Significant events

• “On the 5 March 2024, the entire share capital of the group holding company was acquired from M Parker, L Haggar-Pietrzak and D Palmer by Buyaparcel Trustee Limited acting in its capacity as trustees of Buyaparcel Employee Ownership Trust (EOT) for a mixture of cash and the issue of loan notes.”
• “To facilitate that transaction the company took out a 15-year mortgage with HSBC for £1.293m to release equity in the company's land and buildings”
• “The company launched its new ERP stock and accounting solution on the 1 June 2025.”
• “In the current year dividends were paid of £3,160,400 to enable the holding company to have sufficient reserves to make capital contributions to the Employee Ownership Trust as explained further above.”
• “a major purchasing group that it earnt rebates through announced that it was going into administration defaulting on its "guaranteed" rebate scheme. The results reflect the provision against recovery of these rebates of £0.4m.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.1%

  £21,970,058 → £21,729,813

• Cash

  +25.2%

  £2,313,590 → £2,897,237

  highest in 5 filed years

• Net assets

  +25.7%

  £4,000,561 → £5,028,057

  highest in 4 filed years

• Employees

  0%

  37 → 37

• Operating profit

  -29.4%

  £2,511,697 → £1,772,429

  lowest in 3 filed years

• Profit before tax

  -27.7%

  £2,451,588 → £1,773,146

• Wages

  -1.4%

  £735,350 → £724,819

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers