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Registered number: 02792904
Egoldfax International Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 02792904
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 28,460 15,000
28,460 15,000
CURRENT ASSETS
Debtors 6 409,733 527,901
Cash at bank and in hand 291,362 207,575
701,095 735,476
Creditors: Amounts Falling Due Within One Year 7 (23,372 ) (53,650 )
NET CURRENT ASSETS (LIABILITIES) 677,723 681,826
TOTAL ASSETS LESS CURRENT LIABILITIES 706,183 696,826
NET ASSETS 706,183 696,826
CAPITAL AND RESERVES
Called up share capital 8 135,000 135,000
Share premium account 445,006 445,006
Income Statement 126,177 116,820
SHAREHOLDERS' FUNDS 706,183 696,826
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr John Brennan
Director
30/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Egoldfax International Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 02792904 . The registered office is 3 Windmill Hill, Biddenham, Bedford, MK40 4AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 33% on cost
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 26,434
As at 30 June 2024 26,434
Depreciation
As at 1 July 2023 26,434
As at 30 June 2024 26,434
...CONTINUED
Page 3
Page 4
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Investments
Other
£
Cost
As at 1 July 2023 15,000
Additions 13,460
As at 30 June 2024 28,460
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 28,460
As at 1 July 2023 15,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 2,083 3,121
VAT 2,159 2,179
Amounts owed by associates 405,491 522,601
409,733 527,901
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 54
Corporation tax 2,195 2,642
Other taxes and social security 2,968 2,745
Accruals and deferred income 1,256 1,256
Director's loan account 16,953 16,953
Amounts owed to associates - 30,000
23,372 53,650
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 135,000 135,000
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr John Brennan by virtue of his ownership of 100% of the issued share capital in the company.
Page 5