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REGISTERED NUMBER: 02115830 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GOLIATH HOME WORLD LIMITED

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLIATH HOME WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S P Hancox
P J Wakelin
M A Turner
Miss G Hancox





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 02115830 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,297 54,587

CURRENT ASSETS
Stocks 5 11,692 12,438
Debtors 6 187,696 207,803
Cash at bank and in hand 187,754 221,956
387,142 442,197
CREDITORS
Amounts falling due within one year 7 325,134 374,082
NET CURRENT ASSETS 62,008 68,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,305

122,702

CREDITORS
Amounts falling due after more than one year 8 (24,517 ) (39,078 )

PROVISIONS FOR LIABILITIES 10 (10,324 ) (10,372 )
NET ASSETS 68,464 73,252

CAPITAL AND RESERVES
Called up share capital 26 26
Retained earnings 68,438 73,226
SHAREHOLDERS' FUNDS 68,464 73,252

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

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

The directors acknowledge their 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.

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:




S P Hancox - Director



P J Wakelin - Director


GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Goliath Home World Limited is a private company, limited by shares , registered in England and Wales. 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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and Motor
improvement machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 2,658 44,039 98,594 107,179 252,470
Additions - 83 768 - 851
Disposals - - - (16,500 ) (16,500 )
At 31 December 2023 2,658 44,122 99,362 90,679 236,821
DEPRECIATION
At 1 January 2023 185 42,344 93,920 61,434 197,883
Charge for year 480 450 1,032 11,117 13,079
Eliminated on disposal - - - (15,438 ) (15,438 )
At 31 December 2023 665 42,794 94,952 57,113 195,524
NET BOOK VALUE
At 31 December 2023 1,993 1,328 4,410 33,566 41,297
At 31 December 2022 2,473 1,695 4,674 45,745 54,587

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 21,605
DEPRECIATION
At 1 January 2023 6,751
Charge for year 3,713
At 31 December 2023 10,464
NET BOOK VALUE
At 31 December 2023 11,141
At 31 December 2022 14,854

5. STOCKS
2023 2022
£    £   
Stocks 11,692 12,438

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 142,948 156,716
Prepayments 44,748 51,087
187,696 207,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,175 9,997
Hire purchase contracts (see note 9) 4,386 3,970
Trade creditors 133,583 141,267
Tax 23,135 41,132
Social security and other taxes 15,283 16,537
VAT 45,592 46,813
Other creditors 67,150 76,375
Accrued expenses 25,830 37,991
325,134 374,082

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,357 10,175
Bank loans - 2-5 years 5,224 15,581
Hire purchase contracts (see note 9) 8,936 13,322
24,517 39,078

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Gross obligations repayable:
Within one year 5,509 5,509
Between one and five years 9,766 15,275
15,275 20,784

Finance charges repayable:
Within one year 1,123 1,539
Between one and five years 830 1,953
1,953 3,492

Net obligations repayable:
Within one year 4,386 3,970
Between one and five years 8,936 13,322
13,322 17,292

Non-cancellable operating leases
2023 2022
£    £   
Within one year 46,765 44,217
Between one and five years 23,144 31,430
69,909 75,647

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 10,324 10,372

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 10,372
Provided during year (48 )
Balance at 31 December 2023 10,324

11. RELATED PARTY DISCLOSURES

ESS.P.H. Limited owns 80% of the ordinary share capital. During the year ESS.P.H. Limited received £53,965 (2022: £153,800) in dividends from Goliath Home World Limited.

Abbotsgate Limited owns 20% of the ordinary share capital. During the year Abbotsgate Limited received £13,491 (2022: £38,450) in dividends from Goliath Home World Limited.