Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13055949 Mr Thomas Griffiths Mr Stephen Griffiths false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13055949 2022-12-31 13055949 2023-12-31 13055949 2023-01-01 2023-12-31 13055949 frs-core:CurrentFinancialInstruments 2023-12-31 13055949 frs-core:PlantMachinery 2023-12-31 13055949 frs-core:PlantMachinery 2023-01-01 2023-12-31 13055949 frs-core:PlantMachinery 2022-12-31 13055949 frs-core:ShareCapital 2023-12-31 13055949 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13055949 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13055949 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13055949 frs-bus:SmallEntities 2023-01-01 2023-12-31 13055949 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13055949 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13055949 1 2023-01-01 2023-12-31 13055949 frs-bus:Director1 2023-01-01 2023-12-31 13055949 frs-bus:Director2 2023-01-01 2023-12-31 13055949 frs-countries:EnglandWales 2023-01-01 2023-12-31 13055949 2021-12-31 13055949 2022-12-31 13055949 2022-01-01 2022-12-31 13055949 frs-core:CurrentFinancialInstruments 2022-12-31 13055949 frs-core:ShareCapital 2022-12-31 13055949 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13055949
Gold Street Laundry Limited
Financial Statements
For The Year Ended 31 December 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13055949
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 218,518 242,797
218,518 242,797
CURRENT ASSETS
Debtors 5 92,986 83,076
Cash at bank and in hand 29,727 7,560
122,713 90,636
Creditors: Amounts Falling Due Within One Year 6 (363,866 ) (351,513 )
NET CURRENT ASSETS (LIABILITIES) (241,153 ) (260,877 )
TOTAL ASSETS LESS CURRENT LIABILITIES (22,635 ) (18,080 )
NET LIABILITIES (22,635 ) (18,080 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (22,735 ) (18,180 )
SHAREHOLDERS' FUNDS (22,635) (18,080)
Page 1
Page 2
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 directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
Mr Stephen Griffiths
Director
20/08/2024
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
Gold Street Laundry Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13055949 . The registered office is Cumberland House, 24 - 28 baxter Avenue, Southend on Sea, Essex, SS2 6HZ.
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. Going Concern Disclosure
The company is insolvent but the accounts are prepared on a going concern basis. The major creditor is the company's parent company which will continue to support the business.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 10% Reducing balance
2.5. 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.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 299,750
As at 31 December 2023 299,750
Depreciation
As at 1 January 2023 56,953
Provided during the period 24,279
As at 31 December 2023 81,232
Net Book Value
As at 31 December 2023 218,518
As at 1 January 2023 242,797
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 80,640 70,560
Other debtors 12,346 12,516
92,986 83,076
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 199 -
Other creditors 363,667 351,513
363,866 351,513
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Related Party Transactions
The amount for trade debtors relates to The Saffron Walden Steam Laundry Company Limited, an associated company, invoices were raised in the year totalling £33,600 net of VAT (£33,600: 2022) and £80,640 Gross was outstanding at the year end (£70,560: 2022).
Incldued in other creditors is £24,895 (£24,679: 2022) owed to The Saffron Walden Steam Laundry Company Limited, an associated company, this being the amount outstanding on a loan that was received.
Also included in other creditors is £325,934 (£325,934: 2022) owed to SWSL Holdings Limited, the parent company, for loans received, together with interest chaged on these loans totalling £12,455 (£12,455: 2022).
9. Controlling Party
The company is controlled by its parent company.
Page 5