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REGISTERED NUMBER: 02904791 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOLDCREST CONTRACTORS LIMITED

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDCREST CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: P H Buckfield





SECRETARY: Mrs C E Bolingbroke





REGISTERED OFFICE: 1 Harbour House
Harbour Way
Shoreham By Sea
West Sussex
BN43 5HZ





REGISTERED NUMBER: 02904791 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,501 981

CURRENT ASSETS
Debtors 5 3,893 18,680
Cash at bank 76,941 122,144
80,834 140,824
CREDITORS
Amounts falling due within one year 6 (101,642 ) (145,987 )
NET CURRENT LIABILITIES (20,808 ) (5,163 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,307

)

(4,182

)

CREDITORS
Amounts falling due after more than one
year

7

(18,280

)

(28,126

)

PROVISIONS FOR LIABILITIES 8 (855 ) (186 )
NET LIABILITIES (35,442 ) (32,494 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (35,444 ) (32,496 )
SHAREHOLDERS' FUNDS (35,442 ) (32,494 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

BALANCE SHEET - continued
31 MARCH 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 18 October 2024 and were signed by:





P H Buckfield - Director


GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Goldcrest Contractors 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 represents the invoiced amounts of goods and services rendered excluding VAT as adjusted for opening and closing contract balances.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Stocks, work in progress & contract balances
Stocks are valued at the lower of cost and net realisable value. The cost of work in progress includes overheads appropriate to the stage of completion.

Contract balances are stated at cost plus attributable profits less foreseeable losses and payments on account on a contract by contract basis. Where cumulative turnover exceeds total payments on account the balance is included in debtors as amounts recoverable on contracts. When total payments on account exceed cumulative turnover, the balance is offset firstly against contract balances, any excess being disclosed separately in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 21,710
Additions 6,000
Disposals (7,152 )
At 31 March 2024 20,558
DEPRECIATION
At 1 April 2023 20,729
Charge for year 1,500
Eliminated on disposal (6,172 )
At 31 March 2024 16,057
NET BOOK VALUE
At 31 March 2024 4,501
At 31 March 2023 981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,277 15,425
Other debtors 1,616 3,255
3,893 18,680

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors 228 561
Taxation and social security 711 12,468
Other creditors 92,370 124,625
101,642 145,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,280 28,126

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 855 186

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 186
Capital allowances in advance 669
of depreciation
Balance at 31 March 2024 855