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REGISTERED NUMBER: 10849158 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

GOLDBOX ENTERPRISE LTD

GOLDBOX ENTERPRISE LTD (REGISTERED NUMBER: 10849158)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOLDBOX ENTERPRISE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: S J Pala





REGISTERED OFFICE: 4 Coronet Parade
Ealing Road
Wembley
Middlesex
HA0 4AY





REGISTERED NUMBER: 10849158 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

GOLDBOX ENTERPRISE LTD (REGISTERED NUMBER: 10849158)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,884 27,550

CURRENT ASSETS
Stocks 1,015,200 1,485,250
Debtors 5 67,829 67,677
Cash at bank and in hand 470,240 459,885
1,553,269 2,012,812
CREDITORS
Amounts falling due within one year 6 665,196 1,387,427
NET CURRENT ASSETS 888,073 625,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,957

652,935

CREDITORS
Amounts falling due after more than one year 7 18,334 28,333
NET ASSETS 889,623 624,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 889,523 624,502
SHAREHOLDERS' FUNDS 889,623 624,602

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.

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 12 March 2024 and were signed by:





S J Pala - Director


GOLDBOX ENTERPRISE LTD (REGISTERED NUMBER: 10849158)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Goldbox Enterprise Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

GOLDBOX ENTERPRISE LTD (REGISTERED NUMBER: 10849158)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 124,583 157,004 42,252 5,519 329,358
Additions - - - 74 74
At 31 July 2023 124,583 157,004 42,252 5,593 329,432
DEPRECIATION
At 1 August 2022 124,583 132,867 41,668 2,690 301,808
Charge for year - 6,005 146 1,589 7,740
At 31 July 2023 124,583 138,872 41,814 4,279 309,548
NET BOOK VALUE
At 31 July 2023 - 18,132 438 1,314 19,884
At 31 July 2022 - 24,137 584 2,829 27,550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,127 62,117
Other debtors 5,702 5,560
67,829 67,677

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 306,546 687,693
Taxation and social security 244,719 209,225
Other creditors 103,931 480,509
665,196 1,387,427

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,334 28,333

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

At the year end the company owed £95,157 (2022: £376,259) to the director of the company, the loan is interest free and with no fixed repayment terms.