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REGISTERED NUMBER: 04834570 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Gold Motors Limited

Gold Motors Limited (Registered number: 04834570)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Motors Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: S J Gold





REGISTERED OFFICE: 272-274 Davidson Road
Croydon
Surrey
CR0 6DF





REGISTERED NUMBER: 04834570 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Gold Motors Limited (Registered number: 04834570)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,549 141,042
Investments 5 617,474 302,994
793,023 444,036

CURRENT ASSETS
Stocks 26,500 24,000
Debtors 6 1,081,117 1,196,423
Cash at bank and in hand 1,072,863 1,187,278
2,180,480 2,407,701
CREDITORS
Amounts falling due within one year 7 317,173 380,681
NET CURRENT ASSETS 1,863,307 2,027,020
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,656,330

2,471,056

PROVISIONS FOR LIABILITIES 29,913 7,326
NET ASSETS 2,626,417 2,463,730

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 2,626,407 2,463,720
2,626,417 2,463,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gold Motors Limited (Registered number: 04834570)

Balance Sheet - continued
31 July 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





S J Gold - Director


Gold Motors Limited (Registered number: 04834570)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Gold Motors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoiced value of goods and services supplied by the company during the period, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Gold Motors Limited (Registered number: 04834570)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 116,984 43,235 314,904 12,332 487,455
Additions 1,270 12,696 77,377 8,940 100,283
Disposals - - (40,082 ) - (40,082 )
At 31 July 2023 118,254 55,931 352,199 21,272 547,656
DEPRECIATION
At 1 August 2022 104,609 33,809 200,265 7,730 346,413
Charge for year 3,411 5,531 46,188 3,384 58,514
Eliminated on disposal - - (32,820 ) - (32,820 )
At 31 July 2023 108,020 39,340 213,633 11,114 372,107
NET BOOK VALUE
At 31 July 2023 10,234 16,591 138,566 10,158 175,549
At 31 July 2022 12,375 9,426 114,639 4,602 141,042

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.23 31.7.22
£    £   
Cost brought forward 302,994 140,994
Additions 476,480 162,000
Disposals (162,000 ) -
617,474 302,994

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 201,537 339,845
Other debtors 19,747 16,817
221,284 356,662

Gold Motors Limited (Registered number: 04834570)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Other debtors 859,833 839,761

Aggregate amounts 1,081,117 1,196,423

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 62,669 68,869
Taxation and social security 186,664 269,292
Other creditors 67,840 42,520
317,173 380,681

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
S J Gold
Balance outstanding at start of year 4,660 -
Amounts advanced - 4,660
Amounts repaid (4,660 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 4,660