Gold Hale Limited
Unaudited Financial Statements
For the year ended 31 July 2023
Pages for Filing with Registrar
Company Registration No. 12086709 (England and Wales)
Gold Hale Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Gold Hale Limited
Balance Sheet
As at 31 July 2023
Page 1
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
56,976
15,002
Cash at bank and in hand
3,995
1,126
60,971
16,128
Creditors: amounts falling due within one year
4
(51,439)
(43,236)
Net current assets/(liabilities)
9,532
(27,108)
Creditors: amounts falling due after more than one year
5
(22,796)
Net liabilities
(13,264)
(27,108)
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
(13,265)
(27,109)
Total equity
(13,264)
(27,108)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 27 July 2024
A C Jones
Director
Company Registration No. 12086709
Gold Hale Limited
Notes to the Financial Statements
For the year ended 31 July 2023
Page 2
1
Accounting policies
Company information
Gold Hale Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.3
Financial instruments
The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
Gold Hale Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2023
Page 3
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
6
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
15,000
Other debtors
56,976
2
56,976
15,002
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
974
Taxation and social security
8,119
15,249
Other creditors
38,346
27,987
Accruals and deferred income
4,000
51,439
43,236
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
22,796
-
6
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
Gold Hale Limited
Notes to the Financial Statements (Continued)
For the year ended 31 July 2023
Page 4
7
Related party transactions
At the year end, the company owed £22,796 to the directors. This amount is included within other creditors.