Registered number
12393080
Golden Eagle Removals Ltd
Filleted Accounts
31 January 2024
Golden Eagle Removals Ltd
Registered number: 12393080
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,600 8,000
Current assets
Stocks 3,150 -
Debtors 4 17,955 -
Cash at bank and in hand (2,455) -
18,650 -
Creditors: amounts falling due within one year 5 (27,002) (20,453)
Net current liabilities (8,352) (20,453)
Total assets less current liabilities (2,752) (12,453)
Creditors: amounts falling due after more than one year 6 (2,383) (4,112)
Provisions for liabilities (1,064) (1,520)
Net liabilities (6,199) (18,085)
Capital and reserves
Called up share capital 100 100
Profit and loss account (6,299) (18,185)
Shareholders' funds (6,199) (18,085)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Daniel Tomczak
Director
Approved by the board on 12 August 2024
Golden Eagle Removals Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 12,000
At 31 January 2024 12,000
Depreciation
At 1 February 2023 4,000
Charge for the year 2,400
At 31 January 2024 6,400
Net book value
At 31 January 2024 5,600
At 31 January 2023 8,000
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 17,955 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,741 3,506
Taxation and social security costs 124 131
Other creditors 25,137 16,816
27,002 20,453
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,383 4,112
7 Other information
Golden Eagle Removals Ltd is a private company limited by shares and incorporated in England. Its registered office is:
52 New Road
Basingstoke
RG21 7PW
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