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Company Registration No. 13634009 (England and Wales)
GOCROFT LTD Unaudited accounts for the year ended 30 September 2023
GOCROFT LTD Unaudited accounts Contents
Page
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GOCROFT LTD Company Information for the year ended 30 September 2023
Director
Amarjit Singh BAHIA
Company Number
13634009 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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GOCROFT LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
916,597 
916,597 
Current assets
Debtors
100 
100 
Cash at bank and in hand
8,318 
53,122 
8,418 
53,222 
Creditors: amounts falling due within one year
(925,402)
(971,249)
Net current liabilities
(916,984)
(918,027)
Net liabilities
(387)
(1,430)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(487)
(1,530)
Shareholders' funds
(387)
(1,430)
For the year ending 30 September 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 June 2024 and were signed on its behalf by
Amarjit Singh BAHIA Director Company Registration No. 13634009
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GOCROFT LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
GOCROFT LTD is a private company, limited by shares, registered in England and Wales, registration number 13634009. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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GOCROFT LTD Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2022
916,597 
At 30 September 2023
916,597 
Depreciation
At 30 September 2023
- 
Net book value
At 30 September 2023
916,597 
At 30 September 2022
916,597 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
924,562 
967,009 
Accruals
840 
4,240 
925,402 
971,249 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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