REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
GOLDENQUOTE LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2018 |
FOR |
GOLDENQUOTE LIMITED |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
GOLDENQUOTE LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
3 Mellor Road |
Cheadle Hulme |
Cheadle |
Cheshire |
SK8 5AT |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
ABRIDGED BALANCE SHEET |
31 March 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 6 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
ABRIDGED BALANCE SHEET - continued |
31 March 2018 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2018 |
1. | STATUTORY INFORMATION |
Goldenquote Limited is a |
company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Going concern |
The accounts have been prepared on a going concern basis in the knowledge that the directors have |
pledged their continued financial support to the company. |
Turnover |
Turnover represents the amount derived from the provision of goods and services falling within the |
company's activities after deduction of trade discounts and value added tax. |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
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. |
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. |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2018 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 1 April 2017 |
Additions |
At 31 March 2018 |
DEPRECIATION |
At 1 April 2017 |
Charge for year |
At 31 March 2018 |
NET BOOK VALUE |
At 31 March 2018 |
At 31 March 2017 |
Included in cost or valuation of land and buildings is freehold land of £ 1,000,000 (2017 - £ 1,000,000 ) |
which is not depreciated. |
Cost or valuation at 31 March 2018 is represented by: |
Totals |
£ |
Valuation in 1992 | 54,397 |
Valuation in 2001 | 352,187 |
Valuation in 2010 | 703,614 |
Cost | 371,959 |
1,482,157 |
If Freehold Property had not been revalued it would have been included at the following historical cost: |
2018 | 2017 |
£ | £ |
Cost | 308,484 | 308,484 |
Aggregate depreciation | 47,090 | 47,090 |
Value of land in freehold land and buildings | 200,079 | 200,079 |
Freehold Property was valued on an open market basis on 14 January 2010 by Charles F Jones & Son |
. |
This value has been adopted as deemed cost of the assets concerned on transition to FRS 102. |
GOLDENQUOTE LIMITED (REGISTERED NUMBER: 01692723) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2018 |
5. | SECURED DEBTS |
The following secured debts are included within creditors: |
2018 | 2017 |
£ | £ |
Other creditors | 150,000 | 150,000 |
The bank overdraft is secured against the property. |
Other creditors are secured by a second legal mortgage over the company's freehold land and |
buildings. |
6. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2017 |
Deferred tax provision | (11,492 | ) |
At 31 March 2018 |