Company Registration No. 00671480 (England and Wales)
Arun Goldsmiths Co. Limited
Unaudited accounts
for the year ended 31 December 2023
Arun Goldsmiths Co. Limited
Unaudited accounts
Contents
Arun Goldsmiths Co. Limited
Company Information
for the year ended 31 December 2023
Company Number
00671480 (England and Wales)
Registered Office
107 The Street
Rustington
Littlehampton
West Sussex
BN16 3DP
Accountants
JP Accountancy Services (Sussex) Limited
5 Fairfield Way
Ashington
Pulborough
West Sussex
RH20 3LA
Arun Goldsmiths Co. Limited
Statement of financial position
as at 31 December 2023
Intangible assets
12,000
16,000
Tangible assets
2,012
2,110
Inventories
103,782
101,068
Cash at bank and in hand
4,279
9,250
Creditors: amounts falling due within one year
(28,849)
(24,829)
Net current assets
91,044
91,480
Total assets less current liabilities
105,056
109,590
Provisions for liabilities
Net assets
104,644
109,590
Called up share capital
1,000
1,000
Profit and loss account
103,644
108,590
Shareholders' funds
104,644
109,590
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2024 and were signed on its behalf by
Caleb Boddy
Director
Company Registration No. 00671480
Arun Goldsmiths Co. Limited
Notes to the Accounts
for the year ended 31 December 2023
Arun Goldsmiths Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 00671480. The registered office is 107 The Street, Rustington, Littlehampton, West Sussex, BN16 3DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill was purchased at £40,000 on 1 August 2017 and will be amortised over 10 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Arun Goldsmiths Co. Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill
At 31 December 2023
40,000
At 31 December 2023
28,000
At 31 December 2023
12,000
At 31 December 2022
16,000
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
550
22,969
23,519
At 31 December 2023
550
23,343
23,893
At 1 January 2023
550
20,859
21,409
Charge for the year
-
472
472
At 31 December 2023
550
21,331
21,881
At 31 December 2023
-
2,012
2,012
At 31 December 2022
-
2,110
2,110
Amounts falling due within one year
Accrued income and prepayments
7,678
5,991
Arun Goldsmiths Co. Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
6,912
4,107
Taxes and social security
7,913
3,343
Loans from directors
178
329
8
Deferred taxation
2023
2022
Accelerated capital allowances
412
-
Charged to the profit and loss account
412
-
Provision at end of year
412
-
9
Transactions with related parties
During the year, the company paid consultancy fees of £26,500 (2022: £nil) to PCGA Limited, a company owned and controlled by the director, Mr Caleb Boddy.
The company also loaned funds of £100 (2022: £nil) to PCGA Limited which remained unpaid at the balance sheet date; this loan is interest-free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).