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REGISTERED NUMBER: 04968725 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Goldsilver Trading Limited

Goldsilver Trading Limited (Registered number: 04968725)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Goldsilver Trading Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mrs G Jivraj
Miss S Jivraj





SECRETARY: Miss S Jivraj





REGISTERED OFFICE: 48 Ealing Road
Wembley
Middx
HA0 4TQ





REGISTERED NUMBER: 04968725 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

Goldsilver Trading Limited (Registered number: 04968725)

Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,438 16,479

CURRENT ASSETS
Stocks 457,465 426,049
Prepayments and accrued income 6,426 6,426
Cash in hand 75 75
463,966 432,550
CREDITORS
Amounts falling due within one year 5 303,686 277,708
NET CURRENT ASSETS 160,280 154,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,718

171,321

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 177,619 171,222
177,718 171,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Goldsilver Trading Limited (Registered number: 04968725)

Balance Sheet - continued
30 April 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 Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Miss S Jivraj - Director


Goldsilver Trading Limited (Registered number: 04968725)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Goldsilver Trading 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 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.
Land and buildings - 10% on cost
Plant and machinery etc - Straight line over 5 years

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

Goldsilver Trading Limited (Registered number: 04968725)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 38,516 232,081 270,597
Additions - 8,400 8,400
At 30 April 2023 38,516 240,481 278,997
DEPRECIATION
At 1 May 2022 35,625 218,493 254,118
Charge for year 2,393 5,048 7,441
At 30 April 2023 38,018 223,541 261,559
NET BOOK VALUE
At 30 April 2023 498 16,940 17,438
At 30 April 2022 2,891 13,588 16,479

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/23 30/4/22
£    £   
Bank loans and overdrafts 14,842 4,639
Taxation and social security 39,323 45,035
Other creditors 249,521 228,034
303,686 277,708

6. ULTIMATE CONTROLLING PARTY

The controlling party is Miss S Jivraj.