IRIS Accounts Production v24.1.9.2 09244595 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092445952022-10-31092445952023-10-31092445952022-11-012023-10-31092445952021-10-31092445952021-11-012022-10-31092445952022-10-3109244595ns15:EnglandWales2022-11-012023-10-3109244595ns14:PoundSterling2022-11-012023-10-3109244595ns10:Director12022-11-012023-10-3109244595ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109244595ns10:SmallEntities2022-11-012023-10-3109244595ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3109244595ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109244595ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109244595ns10:FullAccounts2022-11-012023-10-3109244595ns10:RegisteredOffice2022-11-012023-10-3109244595ns5:CurrentFinancialInstruments2023-10-3109244595ns5:CurrentFinancialInstruments2022-10-3109244595ns5:ShareCapital2023-10-3109244595ns5:ShareCapital2022-10-3109244595ns5:RetainedEarningsAccumulatedLosses2023-10-3109244595ns5:RetainedEarningsAccumulatedLosses2022-10-3109244595ns5:FurnitureFittings2022-10-3109244595ns5:ComputerEquipment2022-10-3109244595ns5:FurnitureFittings2022-11-012023-10-3109244595ns5:ComputerEquipment2022-11-012023-10-3109244595ns5:FurnitureFittings2023-10-3109244595ns5:ComputerEquipment2023-10-3109244595ns5:FurnitureFittings2022-10-3109244595ns5:ComputerEquipment2022-10-3109244595ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109244595ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-31
REGISTERED NUMBER: 09244595 (England and Wales)










Gold Power Projects Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Gold Power Projects Limited (Registered number: 09244595)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Power Projects Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr Simon Daniel Goldthorpe





REGISTERED OFFICE: 31 Sackville Street
Manchester
M1 3LZ





REGISTERED NUMBER: 09244595 (England and Wales)






Gold Power Projects Limited (Registered number: 09244595)

Balance Sheet
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 1,805 2,124

CURRENT ASSETS
Stocks 12,680 24,740
Debtors 6 335 334
Cash at bank 23,656 48,209
36,671 73,283
CREDITORS
Amounts falling due within one year 7 (49,044 ) (38,513 )
NET CURRENT (LIABILITIES)/ASSETS (12,373 ) 34,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,568

)

36,894

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,668 ) 36,794
(10,568 ) 36,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Gold Power Projects Limited (Registered number: 09244595)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr Simon Daniel Goldthorpe - Director


Gold Power Projects Limited (Registered number: 09244595)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in Englaand and Wales.

The address of its registered office is:
31 Sackville Street
Manchester
M1 3LZ

The principal place of business is:
4 Foxland Road
Gatley
Cheadle
SK8 4QA

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

3. ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND KEY ACCOUNTING ESTIMATES
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

BASIS OF PREPARATION
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

GOING CONCERN
The company's liabilities exceeded its assets at the year end. These financial statements have prepared on a going concern basis on the assumption that company will improve in near future.

REVENUE RECOGNITION
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

TAX
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Gold Power Projects Limited (Registered number: 09244595)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued

TANGIBLE ASSETS
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

DEPRECIATION
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Office equipment 15% Reducing balance basis
Furniture and fittings 15% Reducing balance basis

CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

TRADE DEBTORS
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

TRADE CREDITORS
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

SHARE CAPITAL
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Gold Power Projects Limited (Registered number: 09244595)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 1,310 2,543 3,853
DEPRECIATION
At 1 November 2022 49 1,680 1,729
Charge for year 130 189 319
At 31 October 2023 179 1,869 2,048
NET BOOK VALUE
At 31 October 2023 1,131 674 1,805
At 31 October 2022 1,261 863 2,124

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 335 334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 35 2,701
Other creditors 49,009 35,812
49,044 38,513