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No description of principal activity
2022-10-01
Sage Accounts Production Advanced 2023 - FRS102_2023
854
409
1,263
584
68
652
611
270
xbrli:pure
xbrli:shares
iso4217:GBP
08227179
2022-10-01
2023-09-30
08227179
2023-09-30
08227179
2022-09-30
08227179
2021-10-01
2022-09-30
08227179
2022-09-30
08227179
2021-09-30
08227179
bus:OrdinaryShareClass1
2022-10-01
2023-09-30
08227179
bus:OrdinaryShareClass2
2022-10-01
2023-09-30
08227179
bus:LeadAgentIfApplicable
2022-10-01
2023-09-30
08227179
bus:Director3
2022-10-01
2023-09-30
08227179
core:WithinOneYear
2023-09-30
08227179
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2022-09-30
08227179
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2023-09-30
08227179
core:AfterOneYear
2022-09-30
08227179
core:ShareCapital
2023-09-30
08227179
core:ShareCapital
2022-09-30
08227179
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2023-09-30
08227179
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2022-09-30
08227179
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2022-10-01
2023-09-30
08227179
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2022-10-01
2023-09-30
08227179
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2022-10-01
2023-09-30
08227179
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2022-10-01
2023-09-30
08227179
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2022-10-01
2023-09-30
08227179
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2023-09-30
08227179
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2022-09-30
08227179
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2023-09-30
08227179
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2022-09-30
08227179
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2023-09-30
08227179
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2022-09-30
08227179
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2022-10-01
2023-09-30
08227179
core:CommunicationNetworkEquipment
2022-10-01
2023-09-30
08227179
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2022-09-30
08227179
core:ComputerEquipment
2023-09-30
08227179
1
2022-10-01
2023-09-30
COMPANY REGISTRATION NUMBER:
08227179
Filleted Unaudited Financial Statements |
|
Year ended 30 September 2023
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Gold.FR Limited |
|
Year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gold.FR Limited for the year ended 30 September 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Gold.FR Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Gold.FR Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gold.FR Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Gold.FR Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gold.FR Limited. You consider that Gold.FR Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Gold.FR Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
RIVERSIDE ACCOUNTANCY LANCASTER LIMITED
Chartered accountants
Second Floor, Riverside Offices
26 St George's Quay
Lancaster
LA1 1RD
22 February 2024
Statement of Financial Position |
|
30 September 2023
Fixed assets
Tangible assets |
5 |
611 |
270 |
|
|
|
|
Current assets
Debtors |
6 |
5,002 |
5,001 |
Cash at bank and in hand |
1,505 |
6,717 |
|
------- |
-------- |
|
6,507 |
11,718 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
13,527 |
6,524 |
|
-------- |
-------- |
Net current (liabilities)/assets |
(
7,020) |
5,194 |
|
------- |
------- |
Total assets less current liabilities |
(
6,409) |
5,464 |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
4,199 |
6,653 |
|
-------- |
------- |
Net liabilities |
(
10,608) |
(
1,189) |
|
-------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
9 |
10 |
10 |
Profit and loss account |
(
10,618) |
(
1,199) |
|
-------- |
------- |
Shareholders deficit |
(
10,608) |
(
1,189) |
|
-------- |
------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Statement of Financial Position (continued) |
|
30 September 2023
These financial statements were approved by the
board of directors
and authorised for issue on
22 February 2024
, and are signed on behalf of the board by:
Mrs Lorraine Dawn Bowden |
Director |
|
Company registration number:
08227179
Notes to the Financial Statements |
|
Year ended 30 September 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 St. Georges Quay, Lancaster, LA1 1RD, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss
.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The financial statements have been rounded to the nearest £1.
Going concern
The directors believe that the going concern policy is appropriate and have confirmed that the company has their ongoing support.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units
.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2022:
3
).
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 October 2022 |
854 |
Additions |
409 |
|
------- |
At 30 September 2023 |
1,263 |
|
------- |
Depreciation |
|
At 1 October 2022 |
584 |
Charge for the year |
68 |
|
------- |
At 30 September 2023 |
652 |
|
------- |
Carrying amount |
|
At 30 September 2023 |
611 |
|
------- |
At 30 September 2022 |
270 |
|
------- |
|
|
6.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
5,002 |
5,001 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
2,662 |
2,665 |
Other creditors |
10,865 |
3,859 |
|
-------- |
------- |
|
13,527 |
6,524 |
|
-------- |
------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Bank loans and overdrafts |
4,199 |
6,653 |
|
------- |
------- |
|
|
|
9.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary A shares of £ 1 each |
9 |
9 |
9 |
9 |
Ordinary B shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
10 |
10 |
10 |
10 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
10.
Coronavirus bounce back loan
The company took out a Coronavirus Bounce Back Loan in June 2020 for £12,500. This loan is a 100% government backed loan with no interest or capital repayments for 12 months and repayment terms of up to 6 years. In year 1 the interest is paid by the government and therefore in line with FRS 102 the interest has been charged to the profit and loss account with a corresponding credit to government grants. From year 2 onwards, the interest rate charged is 2.5% which is deemed to be market value given that the company has gone to market and been offered this rate by the bank. Interest is being charged using amortised cost model over the period of the loan.
11.
Related party transactions
Included within Debtors is amounts owed by a connected company of £5,000.
12.
Controlling party
The company was under the control of its directors during the year.