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REGISTERED NUMBER: 13121473 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR


GOLDILOCK SECURE LIMITED


GOLDILOCK SECURE LIMITED (REGISTERED NUMBER: 13121473)








CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

3





GOLDILOCK SECURE LIMITED



COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023









DIRECTORS:

R D Bate


A E Hasek


S Kines







SECRETARY:








REGISTERED OFFICE:

Unit 1 Science Centre,


Wolverhampton Science Park,


Wolverhampton


WV10 9RU







REGISTERED NUMBER:

13121473 (England and Wales)







ACCOUNTANTS:

Macalvins Limited


Chartered Accountants


7 St John's Road


Harrow


Middlesex


HA1 2EY


GOLDILOCK SECURE LIMITED (REGISTERED NUMBER: 13121473)



BALANCE SHEET

31 DECEMBER 2023



31.12.23

31.12.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

13,151


10,576



Investments

5

29,218


24,373



42,369


34,949




CURRENT ASSETS

Stocks

207,664


184,193



Debtors

6

216,320


33,840



Cash at bank

561,390


88,640



985,374


306,673



CREDITORS

Amounts falling due within one year

7

205,071


406,481



NET CURRENT ASSETS/(LIABILITIES)

780,303


(99,808

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

822,672


(64,859

)



CREDITORS

Amounts falling due after more than one year

8

2,879,579


1,213,482



NET LIABILITIES

(2,056,907

)

(1,278,341

)



CAPITAL AND RESERVES

Called up share capital

166


166



Share premium Account

1,651,351


1,651,351



Retained earnings

(3,708,424

)

(2,929,858

)


(2,056,907

)

(1,278,341

)



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.

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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





S Kines - Director



GOLDILOCK SECURE LIMITED (REGISTERED NUMBER: 13121473)



NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023


1.

STATUTORY INFORMATION



Goldilock Secure 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 and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of impairment loss.

Change in depreciation policy - In the current year financial statements, the Company has changed its depreciation policy from a 20% straight-line method to a 24-month depreciation period to better align with the assets' usage patterns.


Investments in associates


Investments in associate undertakings are recognised at cost.



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 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.


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 6 (2022 - 4 ) .


GOLDILOCK SECURE LIMITED (REGISTERED NUMBER: 13121473)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 January 2023

13,220




Additions

21,699




At 31 December 2023

34,919




DEPRECIATION


At 1 January 2023

2,644




Charge for year

19,124




At 31 December 2023

21,768




NET BOOK VALUE


At 31 December 2023

13,151




At 31 December 2022

10,576




5.

FIXED ASSET INVESTMENTS


Investment


in


Subsidiary


Compa ny

£   



COST


At 1 January 2023

24,373




Additions

4,845




At 31 December 2023

29,218




NET BOOK VALUE


At 31 December 2023

29,218




At 31 December 2022

24,373




6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade debtors

102,444


-




Other debtors

113,876


33,840



216,320


33,840




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.12.23


31.12.22

£   

£   



Trade creditors

21,682


290,447




Taxation and social security

51,517


8,477




Other creditors

131,872


107,557



205,071


406,481




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR



31.12.23


31.12.22

£   

£   



Other creditors

2,879,579


1,213,482




GOLDILOCK SECURE LIMITED (REGISTERED NUMBER: 13121473)



NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2023


8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued


Included within other creditors is convertible loan notes of £2,592,242 (2022 : £1,213,482) and warrants of £287,337 (2022 : NIL).