IRIS Accounts Production v24.1.9.2 05117371 director 1.6.23 31.5.24 31.5.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh051173712023-05-31051173712024-05-31051173712023-06-012024-05-31051173712022-05-31051173712022-06-012023-05-31051173712023-05-3105117371ns15:EnglandWales2023-06-012024-05-3105117371ns14:PoundSterling2023-06-012024-05-3105117371ns10:Director12023-06-012024-05-3105117371ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3105117371ns10:SmallEntities2023-06-012024-05-3105117371ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3105117371ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3105117371ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3105117371ns10:FullAccounts2023-06-012024-05-3105117371ns5:CurrentFinancialInstruments2024-05-3105117371ns5:CurrentFinancialInstruments2023-05-3105117371ns5:Non-currentFinancialInstruments2024-05-3105117371ns5:Non-currentFinancialInstruments2023-05-3105117371ns5:ShareCapital2024-05-3105117371ns5:ShareCapital2023-05-3105117371ns5:RetainedEarningsAccumulatedLosses2024-05-3105117371ns5:RetainedEarningsAccumulatedLosses2023-05-3105117371ns10:RegisteredOffice2023-06-012024-05-3105117371ns5:FurnitureFittings2023-05-3105117371ns5:MotorVehicles2023-05-3105117371ns5:FurnitureFittings2023-06-012024-05-3105117371ns5:MotorVehicles2023-06-012024-05-3105117371ns5:FurnitureFittings2024-05-3105117371ns5:MotorVehicles2024-05-3105117371ns5:FurnitureFittings2023-05-3105117371ns5:MotorVehicles2023-05-3105117371ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3105117371ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3105117371ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3105117371ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3105117371ns5:RetainedEarningsAccumulatedLosses2023-05-3105117371ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 05117371 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Goldcross (Travel & Cargo) Limited

Goldcross (Travel & Cargo) Limited (Registered number: 05117371)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Goldcross (Travel & Cargo) Limited (Registered number: 05117371)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £ £
Fixed assets
Tangible assets 4 7,189 9,585

Current assets
Debtors 5 18,663 68,938
Cash at bank and in hand 137,790 100,680
156,453 169,618
Creditors
Amounts falling due within one year 6 (82,600 ) (104,292 )
Net current assets 73,853 65,326
Total assets less current liabilities 81,042 74,911

Creditors
Amounts falling due after more than
one year

7

(43,821

)

(56,540

)
Net assets 37,221 18,371

Capital and reserves
Called up share capital 2 2
Retained earnings 9 37,219 18,369
Shareholders' funds 37,221 18,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Goldcross (Travel & Cargo) Limited (Registered number: 05117371)

Balance Sheet - continued
31 May 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 July 2024 and were signed by:





Ismail Mirza - Director


Goldcross (Travel & Cargo) Limited (Registered number: 05117371)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. Statutory information

Goldcross (Travel & Cargo) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05117371

Registered office: 71 Marshall Drive
Hayes
Middlesex
UB4 0SN

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.

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

Goldcross (Travel & Cargo) Limited (Registered number: 05117371)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. Accounting policies - continued

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 NIL (2023 - 4 ).

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 June 2023
and 31 May 2024 8,926 30,352 39,278
Depreciation
At 1 June 2023 5,627 24,066 29,693
Charge for year 825 1,571 2,396
At 31 May 2024 6,452 25,637 32,089
Net book value
At 31 May 2024 2,474 4,715 7,189
At 31 May 2023 3,299 6,286 9,585

5. Debtors: amounts falling due within one year
31.5.24 31.5.23
£ £
Trade debtors 17,574 68,191
VAT 1,089 747
18,663 68,938

6. Creditors: amounts falling due within one year
31.5.24 31.5.23
£ £
Bank loans and overdrafts (see note 8)
3,600

3,600
Trade creditors 35,406 49,282
Corporation tax 8,594 6,410
Proposed dividends 15,000 15,000
Accrued expenses 20,000 30,000
82,600 104,292

Goldcross (Travel & Cargo) Limited (Registered number: 05117371)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. Creditors: amounts falling due after more than one year
31.5.24 31.5.23
£ £
Bank loans (see note 8) 43,821 45,821
Hire purchase contracts - 10,719
43,821 56,540

8. Loans

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£ £
Amounts falling due within one year or on demand:
Bank loans < 1 year 3,600 3,600

Amounts falling due between one and two years:
Bank loans > 1 year 43,821 45,821

9. Reserves
Retained
earnings
£

At 1 June 2023 18,369
Profit for the year 33,850
Dividends (15,000 )
At 31 May 2024 37,219