IRIS Accounts Production v24.1.0.578 05410240 director 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054102402022-08-31054102402023-08-31054102402022-09-012023-08-31054102402021-08-31054102402021-09-012022-08-31054102402022-08-3105410240ns14:PoundSterling2022-09-012023-08-3105410240ns10:Director12022-09-012023-08-3105410240ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3105410240ns10:SmallEntities2022-09-012023-08-3105410240ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3105410240ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3105410240ns10:FullAccounts2022-09-012023-08-3105410240ns10:OrdinaryShareClass12022-09-012023-08-3105410240ns10:RegisteredOffice2022-09-012023-08-3105410240ns5:CurrentFinancialInstruments2023-08-3105410240ns5:CurrentFinancialInstruments2022-08-3105410240ns5:Non-currentFinancialInstruments2023-08-3105410240ns5:Non-currentFinancialInstruments2022-08-3105410240ns5:ShareCapital2023-08-3105410240ns5:ShareCapital2022-08-3105410240ns5:RetainedEarningsAccumulatedLosses2023-08-3105410240ns5:RetainedEarningsAccumulatedLosses2022-08-3105410240ns5:PlantMachinery2022-09-012023-08-3105410240ns5:FurnitureFittings2022-09-012023-08-3105410240ns5:MotorVehicles2022-09-012023-08-3105410240ns5:ComputerEquipment2022-09-012023-08-3105410240ns5:PlantMachinery2022-08-3105410240ns5:FurnitureFittings2022-08-3105410240ns5:MotorVehicles2022-08-3105410240ns5:ComputerEquipment2022-08-3105410240ns5:PlantMachinery2023-08-3105410240ns5:FurnitureFittings2023-08-3105410240ns5:MotorVehicles2023-08-3105410240ns5:ComputerEquipment2023-08-3105410240ns5:PlantMachinery2022-08-3105410240ns5:FurnitureFittings2022-08-3105410240ns5:MotorVehicles2022-08-3105410240ns5:ComputerEquipment2022-08-3105410240ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3105410240ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-012023-08-3105410240ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-3105410240ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-3105410240ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3105410240ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3105410240ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-08-3105410240ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-08-3105410240ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-3105410240ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-08-3105410240ns5:DeferredTaxation2022-08-3105410240ns5:DeferredTaxation2022-09-012023-08-3105410240ns5:DeferredTaxation2023-08-3105410240ns10:OrdinaryShareClass12023-08-3105410240ns5:RetainedEarningsAccumulatedLosses2022-08-3105410240ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 05410240















Financial Statements for the Year Ended 31 August 2023

for

GOLDENCLEAN LTD

GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDENCLEAN LTD

Company Information
for the Year Ended 31 August 2023







DIRECTOR: S M STOCKMAN





REGISTERED OFFICE: 10 Great North Way
Hendon
London
NW4 1HY





REGISTERED NUMBER: 05410240






GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,573 21,298

CURRENT ASSETS
Debtors 5 68,331 70,717
Cash at bank and in hand 11,452 17,420
79,783 88,137
CREDITORS
Amounts falling due within one year 6 79,420 59,827
NET CURRENT ASSETS 363 28,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,936

49,608

CREDITORS
Amounts falling due after more than one
year

7

(16,053

)

(17,268

)

PROVISIONS FOR LIABILITIES 9 (4,810 ) (1,175 )
NET ASSETS 9,073 31,165

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 11 8,073 30,165
SHAREHOLDERS' FUNDS 9,073 31,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

Balance Sheet - continued
31 August 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 director and authorised for issue on 16 August 2024 and were signed by:





S M STOCKMAN - Director


GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

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


1. STATUTORY INFORMATION

GOLDENCLEAN LTD is a private company, limited by shares , registered in Not specified/Other. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2022 10,452 7,862 45,887 9,637 73,838
Additions - - 15,000 - 15,000
Disposals - - (16,045 ) - (16,045 )
At 31 August 2023 10,452 7,862 44,842 9,637 72,793
DEPRECIATION
At 1 September 2022 8,586 6,044 29,312 8,598 52,540
Charge for year 467 455 4,005 260 5,187
Eliminated on disposal - - (14,507 ) - (14,507 )
At 31 August 2023 9,053 6,499 18,810 8,858 43,220
NET BOOK VALUE
At 31 August 2023 1,399 1,363 26,032 779 29,573
At 31 August 2022 1,866 1,818 16,575 1,039 21,298

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022
and 31 August 2023 12,083
DEPRECIATION
At 1 September 2022 4,909
Charge for year 1,793
At 31 August 2023 6,702
NET BOOK VALUE
At 31 August 2023 5,381
At 31 August 2022 7,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 59,681 62,547
Other debtors 8,650 8,170
68,331 70,717

GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 8) 6,000 6,000
Hire purchase contracts 3,275 2,500
Trade creditors 4,295 4,866
Social security and other taxes 7,100 5,347
VAT 19,095 24,671
Other creditors 3,319 3,483
Directors' current accounts 17,886 10,510
Accrued expenses 18,450 2,450
79,420 59,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 8) 10,753 16,643
Hire purchase contracts 5,300 625
16,053 17,268

8. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,000 6,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,000 6,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,753 10,643

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 4,810 1,175

GOLDENCLEAN LTD (REGISTERED NUMBER: 05410240)

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


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 1,175
Provided during year 3,635
Balance at 31 August 2023 4,810

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained
earnings
£   

At 1 September 2022 30,165
Deficit for the year (22,092 )
At 31 August 2023 8,073