Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-3012022-07-01falseThe principal activity of the company is that of location management.1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10253257 2022-07-01 2023-06-30 10253257 2021-07-01 2022-06-30 10253257 2023-06-30 10253257 2022-06-30 10253257 c:Director1 2022-07-01 2023-06-30 10253257 d:OfficeEquipment 2022-07-01 2023-06-30 10253257 d:OfficeEquipment 2023-06-30 10253257 d:OfficeEquipment 2022-06-30 10253257 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 10253257 d:CurrentFinancialInstruments 2023-06-30 10253257 d:CurrentFinancialInstruments 2022-06-30 10253257 d:Non-currentFinancialInstruments 2023-06-30 10253257 d:Non-currentFinancialInstruments 2022-06-30 10253257 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10253257 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 10253257 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10253257 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 10253257 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10253257 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 10253257 d:ShareCapital 2023-06-30 10253257 d:ShareCapital 2022-06-30 10253257 d:RetainedEarningsAccumulatedLosses 2023-06-30 10253257 d:RetainedEarningsAccumulatedLosses 2022-06-30 10253257 c:OrdinaryShareClass1 2022-07-01 2023-06-30 10253257 c:OrdinaryShareClass1 2023-06-30 10253257 c:FRS102 2022-07-01 2023-06-30 10253257 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 10253257 c:FullAccounts 2022-07-01 2023-06-30 10253257 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 10253257 2 2022-07-01 2023-06-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10253257














GOLDEN LOCS LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  30 JUNE 2023

 
GOLDEN LOCS LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 6


 
GOLDEN LOCS LTD
REGISTERED NUMBER:10253257

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,088
711

Current assets
  

Debtors: amounts falling due within one year
 5 
41,680
43,935

Cash at bank and in hand
  
6,662
6,899

  
48,342
50,834

Creditors: amounts falling due within one year
 6 
(36,666)
(33,073)

Net current assets
  
 
 
11,676
 
 
17,761

Total assets less current liabilities
  
12,764
18,472

Creditors: amounts falling due after more than one year
 7 
(12,600)
(18,200)

  

Net assets
  
164
272


Capital and reserves
  

Called up share capital 
 9 
1
1

Profit and loss account
  
163
271

  
164
272


Page 1

 
GOLDEN LOCS LTD
REGISTERED NUMBER:10253257
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2023

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 her 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 statement of comprehensive income 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 by: 




L Lee
Director

Date: 8 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GOLDEN LOCS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Golden Locs Ltd is a limited liability company registered in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company is that of location management.

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

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts. 

 
2.3

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.

Depreciation is provided on the following basis:

Office equipment
-
25% 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 the Statement of Comprehensive Income.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

 
2.6

Creditors

Short term creditors are measured at the transaction price

Page 3

 
GOLDEN LOCS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.7

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.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Borrowing costs

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


3.


Employees



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


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 July 2022
1,500


Additions
739



At 30 June 2023

2,239



Depreciation


At 1 July 2022
789


Charge for the year on owned assets
362



At 30 June 2023

1,151



Net book value



At 30 June 2023
1,088



At 30 June 2022
711

Page 4

 
GOLDEN LOCS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Debtors

2023
2022
£
£


Trade debtors
2,923
2,916

Other debtors
36,492
39,531

Prepayments and accrued income
2,265
1,488

41,680
43,935


Included within other debtors due within one year is a loan to a director amounting to £36,492 (2022 - £33,935).




6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
5,600
5,600

Trade creditors
2,291
1,870

Taxation and social security
26,720
23,728

Accruals and deferred income
2,055
1,875

36,666
33,073



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
12,600
18,200


Page 5

 
GOLDEN LOCS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
5,600
5,600


Amounts falling due 2-5 years

Bank loans
12,600
18,200


18,200
23,800



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1
1
1


 
Page 6