PTP Accounts Production v24.2.0.383 13457743 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134577432022-12-31134577432023-12-31134577432023-01-012023-12-31134577432021-12-31134577432022-01-012022-12-31134577432022-12-3113457743ns15:EnglandWales2023-01-012023-12-3113457743ns14:PoundSterling2023-01-012023-12-3113457743ns10:Director12023-01-012023-12-3113457743ns10:PublicLimitedCompanyPLC2023-01-012023-12-3113457743ns10:SmallEntities2023-01-012023-12-3113457743ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3113457743ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113457743ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113457743ns10:FullAccounts2023-01-012023-12-3113457743ns10:Director22023-01-012023-12-3113457743ns10:CompanySecretary12023-01-012023-12-3113457743ns10:RegisteredOffice2023-01-012023-12-3113457743ns5:CurrentFinancialInstruments2023-12-3113457743ns5:CurrentFinancialInstruments2022-12-3113457743ns5:ShareCapital2023-12-3113457743ns5:ShareCapital2022-12-3113457743ns5:RetainedEarningsAccumulatedLosses2023-12-3113457743ns5:RetainedEarningsAccumulatedLosses2022-12-3113457743ns5:LeaseholdImprovements2022-12-3113457743ns5:PlantMachinery2022-12-3113457743ns5:FurnitureFittings2022-12-3113457743ns5:LeaseholdImprovements2023-01-012023-12-3113457743ns5:PlantMachinery2023-01-012023-12-3113457743ns5:FurnitureFittings2023-01-012023-12-3113457743ns5:LeaseholdImprovements2023-12-3113457743ns5:PlantMachinery2023-12-3113457743ns5:FurnitureFittings2023-12-3113457743ns5:LeaseholdImprovements2022-12-3113457743ns5:PlantMachinery2022-12-3113457743ns5:FurnitureFittings2022-12-3113457743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113457743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 13457743 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Geoffrey Golding Tailors Limited

Geoffrey Golding Tailors Limited (Registered number: 13457743)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Geoffrey Golding Tailors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G D Golding
Mrs T M Golding





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 13457743 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,961 73,346

CURRENT ASSETS
Stocks 2,500 2,500
Debtors 5 32,476 44,761
Cash at bank 9,267 18,864
44,243 66,125
CREDITORS
Amounts falling due within one year 6 127,257 149,062
NET CURRENT LIABILITIES (83,014 ) (82,937 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(53

)

(9,591

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (153 ) (9,691 )
SHAREHOLDERS' FUNDS (53 ) (9,591 )

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.

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Balance Sheet - continued
31 December 2023


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 16 September 2024 and were signed on its behalf by:





G D Golding - Director


Geoffrey Golding Tailors Limited (Registered number: 13457743)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Geoffrey Golding Tailors Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A - he Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

In respect of long-term contracts and contracts for on-going services, revenue represents the value of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Relocatable Buildings20% straight line
Land & Property20% straight line
Plant & Equipment20% reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.


Geoffrey Golding Tailors Limited (Registered number: 13457743)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the Balance Sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Profit and Loss Account.

Pension costs
The company operates a defined contribution pensions scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Relocatable Plant and Land &
buildings machinery buildings Totals
£    £    £    £   
COST
At 1 January 2023 52,462 21,797 17,144 91,403
Additions 15,112 6,033 12,689 33,834
At 31 December 2023 67,574 27,830 29,833 125,237
DEPRECIATION
At 1 January 2023 10,492 4,136 3,429 18,057
Charge for year 13,515 4,738 5,966 24,219
At 31 December 2023 24,007 8,874 9,395 42,276
NET BOOK VALUE
At 31 December 2023 43,567 18,956 20,438 82,961
At 31 December 2022 41,970 17,661 13,715 73,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,120 17,281
Prepayments and accrued income 22,356 27,480
32,476 44,761

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 7,287 1,889
Owed to GDG (Properties) Ltd 5,169 5,169
Social security and other taxes 8,625 7,620
Directors' loan accounts 94,987 97,519
Accruals and deferred income 11,189 36,865
127,257 149,062