Registered number
02843396
Golding & Associates Ltd
Filleted Accounts
31 October 2023
Golding & Associates Ltd
Registered number: 02843396
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,457 2,241
Current assets
Debtors 4 11,650 9,904
Cash at bank and in hand 26,839 15,708
38,489 25,612
Creditors: amounts falling due within one year 5 (29,737) (25,155)
Net current assets 8,752 457
Total assets less current liabilities 10,209 2,698
Provisions for liabilities (277) (426)
Net assets 9,932 2,272
Capital and reserves
Called up share capital 11 11
Profit and loss account 9,921 2,261
Shareholder's funds 9,932 2,272
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Golding
Director
Approved by the board on 12 April 2024
Golding & Associates Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3-5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 6,651
Additions 1,800
Disposals (2,441)
At 31 October 2023 6,010
Depreciation
At 1 November 2022 4,410
Charge for the year 439
On disposals (296)
At 31 October 2023 4,553
Net book value
At 31 October 2023 1,457
At 31 October 2022 2,241
4 Debtors 2023 2022
£ £
Trade debtors 11,650 9,904
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 22,851 22,635
Taxation and social security costs 3,356 2,280
Other creditors 3,530 240
29,737 25,155
6 Other information
Golding & Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 6a Redhill Farm
Red Hill, Medstead
Alton
Hampshire
GU34 5EE
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