Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity02022-03-01false1false 6077383 2022-03-01 2023-02-28 6077383 2021-03-01 2022-02-28 6077383 2023-02-28 6077383 2022-02-28 6077383 c:Director1 2022-03-01 2023-02-28 6077383 d:OfficeEquipment 2022-03-01 2023-02-28 6077383 d:OfficeEquipment 2023-02-28 6077383 d:OfficeEquipment 2022-02-28 6077383 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 6077383 d:CurrentFinancialInstruments 2023-02-28 6077383 d:CurrentFinancialInstruments 2022-02-28 6077383 d:Non-currentFinancialInstruments 2023-02-28 6077383 d:Non-currentFinancialInstruments 2022-02-28 6077383 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 6077383 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 6077383 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 6077383 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 6077383 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 6077383 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-02-28 6077383 d:ShareCapital 2023-02-28 6077383 d:ShareCapital 2022-02-28 6077383 d:RetainedEarningsAccumulatedLosses 2023-02-28 6077383 d:RetainedEarningsAccumulatedLosses 2022-02-28 6077383 c:FRS102 2022-03-01 2023-02-28 6077383 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 6077383 c:FullAccounts 2022-03-01 2023-02-28 6077383 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 6077383









GOLDNET CONSULTING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
GOLDNET CONSULTING LIMITED
REGISTERED NUMBER: 6077383

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
32
43

  
32
43

Current assets
  

Debtors: amounts falling due within one year
 5 
9,302
13,688

Cash at bank and in hand
 6 
7,264
14,570

  
16,566
28,258

Creditors: amounts falling due within one year
 7 
(22,987)
(24,337)

Net current (liabilities)/assets
  
 
 
(6,421)
 
 
3,921

Total assets less current liabilities
  
(6,389)
3,964

Creditors: amounts falling due after more than one year
 8 
(13,217)
(17,991)

  

Net liabilities
  
(19,606)
(14,027)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(19,607)
(14,028)

  
(19,606)
(14,027)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 November 2023.

Page 1

 
GOLDNET CONSULTING LIMITED
REGISTERED NUMBER: 6077383
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

Abiodun Onasanya
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
GOLDNET CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

The company is limited by shares and incorporated in England. The address of the registerd office is
given in the company information page of these financial statements. The company's principal activity is
that of provision of management consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
GOLDNET CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
on reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 0 (2022 - 1).

Page 4

 
GOLDNET CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 March 2022
2,400



At 28 February 2023

2,400



Depreciation


At 1 March 2022
2,357


Charge for the year on owned assets
11



At 28 February 2023

2,368



Net book value



At 28 February 2023
32



At 28 February 2022
43


5.


Debtors

2023
2022
£
£


Other debtors
9,302
13,688

9,302
13,688



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
7,264
14,570

7,264
14,570


Page 5

 
GOLDNET CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,324
5,324

Corporation tax
15,501
16,501

Other taxation and social security
373
312

Other creditors
(31)
39

Accruals and deferred income
1,820
2,161

22,987
24,337



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
13,217
17,991

13,217
17,991



9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,324
5,324


5,324
5,324


Amounts falling due 2-5 years

Bank loans
13,217
17,991


13,217
17,991


18,541
23,315


Page 6

 
GOLDNET CONSULTING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to 2023 - £30 (2022 - £3,524). Contributions totalling 2023 - £0 (2022 - £30) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 7