Company Registration No. 11925198 (England and Wales)
GOLDEN FRIARS KB LIMITED
Unaudited accounts
for the year ended 30 April 2023
GOLDEN FRIARS KB LIMITED
Unaudited accounts
Contents
GOLDEN FRIARS KB LIMITED
Company Information
for the year ended 30 April 2023
Directors
Mr B Karabulut
Mr K Karabulut
Company Number
11925198 (England and Wales)
Registered Office
15 The Renown
Shoeburyness
Southend-On-Sea
Essex
SS3 9UU
United Kingdom
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
GOLDEN FRIARS KB LIMITED
Statement of financial position
as at 30 April 2023
Intangible assets
48,000
54,000
Tangible assets
15,698
15,095
Cash at bank and in hand
5,256
1,977
Creditors: amounts falling due within one year
(73,127)
(70,581)
Net current liabilities
(59,371)
(61,104)
Called up share capital
100
100
Profit and loss account
4,227
7,891
Shareholders' funds
4,327
7,991
For the year ending 30 April 2023 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 7 November 2023 and were signed on its behalf by
Mr K Karabulut
Director
Company Registration No. 11925198
GOLDEN FRIARS KB LIMITED
Notes to the Accounts
for the year ended 30 April 2023
GOLDEN FRIARS KB LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11925198. The registered office is 15 The Renown, Shoeburyness, Southend-On-Sea, Essex, SS3 9UU, 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.
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.
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
10 years - straight line basis
Plant & machinery
18% - reducing balance method
Fixtures & fittings
18% - reducing balance method
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
GOLDEN FRIARS KB LIMITED
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2022
8,542
7,083
3,750
19,375
Additions
375
-
2,992
3,367
At 30 April 2023
8,917
7,083
6,742
22,742
At 1 May 2022
854
2,530
896
4,280
Charge for the year
892
820
1,052
2,764
At 30 April 2023
1,746
3,350
1,948
7,044
At 30 April 2023
7,171
3,733
4,794
15,698
At 30 April 2022
7,688
4,553
2,854
15,095
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,217
2,033
Other creditors
63,960
63,960
Loans from directors
442
1,083
GOLDEN FRIARS KB LIMITED
Notes to the Accounts
for the year ended 30 April 2023
Allotted, called up and fully paid:
50 A Ordinary shares of £1 each
50
50
50 B Ordinary shares of £1 each
50
50
8
Transactions with related parties
Included within other creditors is an amount of £442 (2022: £1,083) due to its directors. There are no terms as to interest or repayment in respect of this balance.
9
Average number of employees
During the year the average number of employees was 3 (2022: 4).