1 January 2023 false No description of principal activity Taxfiler 2024.5 00671480business:PrivateLimitedCompanyLtd2023-01-012023-12-31 006714802022-12-31 006714802023-01-012023-12-31 00671480business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 00671480business:FilletedAccounts2023-01-012023-12-31 006714802023-12-31 00671480business:Director12023-01-012023-12-31 00671480business:RegisteredOffice2023-01-012023-12-31 006714802022-12-31 00671480core:WithinOneYear2023-12-31 00671480core:WithinOneYear2022-12-31 00671480core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 00671480core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 00671480core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 00671480core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 00671480core:PreviouslyStatedAmount2023-12-31 00671480core:PreviouslyStatedAmount2022-12-31 00671480business:SmallEntities2023-01-012023-12-31 00671480countries:EnglandWales2023-01-012023-12-31 00671480core:FurnitureFittings2023-01-012023-12-31 00671480core:Goodwill2022-12-31 00671480core:Goodwill2023-12-31 00671480core:Goodwill2023-01-012023-12-31 00671480core:PlantMachinery2022-12-31 00671480core:FurnitureFittings2022-12-31 00671480core:PlantMachinery2023-01-012023-12-31 00671480core:PlantMachinery2023-12-31 00671480core:FurnitureFittings2023-12-31 00671480core:AcceleratedTaxDepreciationDeferredTax2023-12-31 00671480core:AcceleratedTaxDepreciationDeferredTax2022-12-31 006714802022-01-012022-12-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
Arun Goldsmiths Co. Limited Company Information for the year ended 31 December 2023
Director
Caleb Boddy
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
- 3 -
Arun Goldsmiths Co. Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
16,000 
Tangible assets
2,012 
2,110 
14,012 
18,110 
Current assets
Inventories
103,782 
101,068 
Debtors
11,832 
5,991 
Cash at bank and in hand
4,279 
9,250 
119,893 
116,309 
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
Deferred tax
(412)
- 
Net assets
104,644 
109,590 
Capital and reserves
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
- 4 -
Arun Goldsmiths Co. Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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
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
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.
Pension costs
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.
- 5 -
Arun Goldsmiths Co. Limited Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
40,000 
At 31 December 2023
40,000 
Amortisation
At 1 January 2023
24,000 
Charge for the year
4,000 
At 31 December 2023
28,000 
Net book value
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 
Additions
- 
374 
374 
At 31 December 2023
550 
23,343 
23,893 
Depreciation
At 1 January 2023
550 
20,859 
21,409 
Charge for the year
- 
472 
472 
At 31 December 2023
550 
21,331 
21,881 
Net book value
At 31 December 2023
- 
2,012 
2,012 
At 31 December 2022
- 
2,110 
2,110 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,054 
- 
Accrued income and prepayments
7,678 
5,991 
Other debtors
100 
- 
11,832 
5,991 
- 6 -
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 
£ 
£ 
VAT
12,582 
15,817 
Trade creditors
6,912 
4,107 
Taxes and social security
7,913 
3,343 
Other creditors
146 
227 
Loans from directors
178 
329 
Accruals
1,118 
1,006 
28,849 
24,829 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
412 
- 
2023 
2022 
£ 
£ 
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).
- 7 -