2023-07-012024-06-302024-06-30false09633578GOLDEN MOTORS (J.A) LTD2024-09-16iso4217:GBPxbrli:pure096335782023-07-01096335782024-06-30096335782023-07-012024-06-30096335782022-07-01096335782023-06-30096335782022-07-012023-06-3009633578bus:SmallEntities2023-07-012024-06-3009633578bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3009633578bus:AbridgedAccounts2023-07-012024-06-3009633578bus:PrivateLimitedCompanyLtd2023-07-012024-06-3009633578core:WithinOneYear2024-06-3009633578core:AfterOneYear2024-06-3009633578core:WithinOneYear2023-06-3009633578core:AfterOneYear2023-06-3009633578core:ShareCapital2024-06-3009633578core:SharePremium2024-06-3009633578core:RevaluationReserve2024-06-3009633578core:OtherReservesSubtotal2024-06-3009633578core:RetainedEarningsAccumulatedLosses2024-06-3009633578core:ShareCapital2023-06-3009633578core:SharePremium2023-06-3009633578core:RevaluationReserve2023-06-3009633578core:OtherReservesSubtotal2023-06-3009633578core:RetainedEarningsAccumulatedLosses2023-06-3009633578core:LandBuildings2024-06-3009633578core:PlantMachinery2024-06-3009633578core:Vehicles2024-06-3009633578core:FurnitureFittings2024-06-3009633578core:OfficeEquipment2024-06-3009633578core:NetGoodwill2024-06-3009633578core:IntangibleAssetsOtherThanGoodwill2024-06-3009633578core:ListedExchangeTraded2024-06-3009633578core:UnlistedNon-exchangeTraded2024-06-3009633578core:LandBuildings2023-06-3009633578core:PlantMachinery2023-06-3009633578core:Vehicles2023-06-3009633578core:FurnitureFittings2023-06-3009633578core:OfficeEquipment2023-06-3009633578core:NetGoodwill2023-06-3009633578core:IntangibleAssetsOtherThanGoodwill2023-06-3009633578core:ListedExchangeTraded2023-06-3009633578core:UnlistedNon-exchangeTraded2023-06-3009633578core:LandBuildings2023-07-012024-06-3009633578core:PlantMachinery2023-07-012024-06-3009633578core:Vehicles2023-07-012024-06-3009633578core:FurnitureFittings2023-07-012024-06-3009633578core:OfficeEquipment2023-07-012024-06-3009633578core:NetGoodwill2023-07-012024-06-3009633578core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009633578core:ListedExchangeTraded2023-07-012024-06-3009633578core:UnlistedNon-exchangeTraded2023-07-012024-06-3009633578core:MoreThanFiveYears2023-07-012024-06-3009633578core:Non-currentFinancialInstruments2024-06-3009633578core:Non-currentFinancialInstruments2023-06-3009633578dpl:CostSales2023-07-012024-06-3009633578dpl:DistributionCosts2023-07-012024-06-3009633578core:LandBuildings2023-07-012024-06-3009633578core:PlantMachinery2023-07-012024-06-3009633578core:Vehicles2023-07-012024-06-3009633578core:FurnitureFittings2023-07-012024-06-3009633578core:OfficeEquipment2023-07-012024-06-3009633578dpl:AdministrativeExpenses2023-07-012024-06-3009633578core:NetGoodwill2023-07-012024-06-3009633578core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3009633578dpl:GroupUndertakings2023-07-012024-06-3009633578dpl:ParticipatingInterests2023-07-012024-06-3009633578dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3009633578core:ListedExchangeTraded2023-07-012024-06-3009633578dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3009633578core:UnlistedNon-exchangeTraded2023-07-012024-06-3009633578dpl:CostSales2022-07-012023-06-3009633578dpl:DistributionCosts2022-07-012023-06-3009633578core:LandBuildings2022-07-012023-06-3009633578core:PlantMachinery2022-07-012023-06-3009633578core:Vehicles2022-07-012023-06-3009633578core:FurnitureFittings2022-07-012023-06-3009633578core:OfficeEquipment2022-07-012023-06-3009633578dpl:AdministrativeExpenses2022-07-012023-06-3009633578core:NetGoodwill2022-07-012023-06-3009633578core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3009633578dpl:GroupUndertakings2022-07-012023-06-3009633578dpl:ParticipatingInterests2022-07-012023-06-3009633578dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3009633578core:ListedExchangeTraded2022-07-012023-06-3009633578dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3009633578core:UnlistedNon-exchangeTraded2022-07-012023-06-3009633578core:NetGoodwill2024-06-3009633578core:IntangibleAssetsOtherThanGoodwill2024-06-3009633578core:LandBuildings2024-06-3009633578core:PlantMachinery2024-06-3009633578core:Vehicles2024-06-3009633578core:FurnitureFittings2024-06-3009633578core:OfficeEquipment2024-06-3009633578core:AfterOneYear2024-06-3009633578core:WithinOneYear2024-06-3009633578core:ListedExchangeTraded2024-06-3009633578core:UnlistedNon-exchangeTraded2024-06-3009633578core:ShareCapital2024-06-3009633578core:SharePremium2024-06-3009633578core:RevaluationReserve2024-06-3009633578core:OtherReservesSubtotal2024-06-3009633578core:RetainedEarningsAccumulatedLosses2024-06-3009633578core:NetGoodwill2023-06-3009633578core:IntangibleAssetsOtherThanGoodwill2023-06-3009633578core:LandBuildings2023-06-3009633578core:PlantMachinery2023-06-3009633578core:Vehicles2023-06-3009633578core:FurnitureFittings2023-06-3009633578core:OfficeEquipment2023-06-3009633578core:AfterOneYear2023-06-3009633578core:WithinOneYear2023-06-3009633578core:ListedExch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GOLDEN MOTORS (J.A) LTD

Registered Number
09633578
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

GOLDEN MOTORS (J.A) LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

J.Abboud
Y. Abboud

Company Secretary

J. Bougharios

Registered Address

1 Pinner View
Harrow
HA1 4QB

Registered Number

09633578 (England and Wales)
GOLDEN MOTORS (J.A) LTD
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,1351,419
1,1351,419
Current assets
Stocks114,916322,303
Debtors8,256-
Cash at bank and on hand193,531181,816
316,703504,119
Prepayments and accrued income71,163-
Creditors amounts falling due within one year(244,385)(351,033)
Net current assets (liabilities)143,481153,086
Total assets less current liabilities144,616154,505
Creditors amounts falling due after one year(8,568)(13,368)
Net assets136,048141,137
Capital and reserves
Called up share capital100100
Profit and loss account135,948141,037
Shareholders' funds136,048141,137
The financial statements were approved and authorised for issue by the Board of Directors on 16 September 2024, and are signed on its behalf by:
J.Abboud
Director
Registered Company No. 09633578
GOLDEN MOTORS (J.A) LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year54
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 232,074
At 30 June 242,074
Depreciation and impairment
At 01 July 23655
Charge for year284
At 30 June 24939
Net book value
At 30 June 241,135
At 30 June 231,419