2023-03-312024-03-302024-03-30false09501906GOLDMASTER LTD2024-11-2068209iso4217:GBPxbrli:pure095019062023-03-31095019062024-03-30095019062023-03-312024-03-30095019062022-03-31095019062023-03-30095019062022-03-312023-03-3009501906bus:SmallEntities2023-03-312024-03-3009501906bus:AuditExempt-NoAccountantsReport2023-03-312024-03-3009501906bus:FullAccounts2023-03-312024-03-3009501906bus:PrivateLimitedCompanyLtd2023-03-312024-03-3009501906core:WithinOneYear2024-03-3009501906core:AfterOneYear2024-03-3009501906core:WithinOneYear2023-03-3009501906core:AfterOneYear2023-03-3009501906core:ShareCapital2024-03-3009501906core:SharePremium2024-03-3009501906core:RevaluationReserve2024-03-3009501906core:OtherReservesSubtotal2024-03-3009501906core:RetainedEarningsAccumulatedLosses2024-03-3009501906core:ShareCapital2023-03-3009501906core:SharePremium2023-03-3009501906core:RevaluationReserve2023-03-3009501906core:OtherReservesSubtotal2023-03-3009501906core:RetainedEarningsAccumulatedLosses2023-03-3009501906core:LandBuildings2024-03-3009501906core:PlantMachinery2024-03-3009501906core:Vehicles2024-03-3009501906core:FurnitureFittings2024-03-3009501906core:OfficeEquipment2024-03-3009501906core:NetGoodwill2024-03-3009501906core:IntangibleAssetsOtherThanGoodwill2024-03-3009501906core:ListedExchangeTraded2024-03-3009501906core:UnlistedNon-exchangeTraded2024-03-3009501906core:LandBuildings2023-03-3009501906core:PlantMachinery2023-03-3009501906core:Vehicles2023-03-3009501906core:FurnitureFittings2023-03-3009501906core:OfficeEquipment2023-03-3009501906core:NetGoodwill2023-03-3009501906core:IntangibleAssetsOtherThanGoodwill2023-03-3009501906core:ListedExchangeTraded2023-03-3009501906core:UnlistedNon-exchangeTraded2023-03-3009501906core:LandBuildings2023-03-312024-03-3009501906core:PlantMachinery2023-03-312024-03-3009501906core:Vehicles2023-03-312024-03-3009501906core:FurnitureFittings2023-03-312024-03-3009501906core:OfficeEquipment2023-03-312024-03-3009501906core:NetGoodwill2023-03-312024-03-3009501906core:IntangibleAssetsOtherThanGoodwill2023-03-312024-03-3009501906core:ListedExchangeTraded2023-03-312024-03-3009501906core:UnlistedNon-exchangeTraded2023-03-312024-03-3009501906core:MoreThanFiveYears2023-03-312024-03-3009501906core:Non-currentFinancialInstruments2024-03-3009501906core:Non-currentFinancialInstruments2023-03-3009501906dpl:CostSales2023-03-312024-03-3009501906dpl:DistributionCosts2023-03-312024-03-3009501906core:LandBuildings2023-03-312024-03-3009501906core:PlantMachinery2023-03-312024-03-3009501906core:Vehicles2023-03-312024-03-3009501906core:FurnitureFittings2023-03-312024-03-3009501906core:OfficeEquipment2023-03-312024-03-3009501906dpl:AdministrativeExpenses2023-03-312024-03-3009501906core:NetGoodwill2023-03-312024-03-3009501906core:IntangibleAssetsOtherThanGoodwill2023-03-312024-03-3009501906dpl:GroupUndertakings2023-03-312024-03-3009501906dpl:ParticipatingInterests2023-03-312024-03-3009501906dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-312024-03-3009501906core:ListedExchangeTraded2023-03-312024-03-3009501906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-312024-03-3009501906core:UnlistedNon-exchangeTraded2023-03-312024-03-3009501906dpl:CostSales2022-03-312023-03-3009501906dpl:DistributionCosts2022-03-312023-03-3009501906core:LandBuildings2022-03-312023-03-3009501906core:PlantMachinery2022-03-312023-03-3009501906core:Vehicles2022-03-312023-03-3009501906core:FurnitureFittings2022-03-312023-03-3009501906core:OfficeEquipment2022-03-312023-03-3009501906dpl:AdministrativeExpenses2022-03-312023-03-3009501906core:NetGoodwill2022-03-312023-03-3009501906core:IntangibleAssetsOtherThanGoodwill2022-03-312023-03-3009501906dpl:GroupUndertakings2022-03-312023-03-3009501906dpl:ParticipatingInterests2022-03-312023-03-3009501906dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-312023-03-3009501906core:ListedExchangeTraded2022-03-312023-03-3009501906dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-312023-03-3009501906core:UnlistedNon-exchangeTraded2022-03-312023-03-3009501906core:NetGoodwill2024-03-3009501906core:IntangibleAssetsOtherThanGoodwill2024-03-3009501906core:LandBuildings2024-03-3009501906core:PlantMachinery2024-03-3009501906core:Vehicles2024-03-3009501906core:FurnitureFittings2024-03-3009501906core:OfficeEquipment2024-03-3009501906core:AfterOneYear2024-03-3009501906core:WithinOneYear2024-03-3009501906core:ListedExchangeTraded2024-03-3009501906core:UnlistedNon-exchangeTraded2024-03-3009501906core:ShareCapital2024-03-3009501906core:SharePremium2024-03-3009501906core:RevaluationReserve2024-03-3009501906core:OtherReservesSubtotal2024-03-3009501906core:RetainedEarningsAccumulatedLosses2024-03-3009501906core:NetGoodwill2023-03-3009501906core:IntangibleAssetsOtherThanGoodwill2023-03-3009501906core:LandBuildings2023-03-3009501906core:PlantMachinery2023-03-3009501906core:Vehicles2023-03-3009501906core:FurnitureFittings2023-03-3009501906core:OfficeEquipment2023-03-3009501906core:AfterOneYear2023-03-3009501906core:WithinOneYear2023-03-3009501906core:ListedExc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GOLDMASTER LTD

Registered Number
09501906
(England and Wales)

Unaudited Financial Statements for the Year ended
30 March 2024

GOLDMASTER LTD
Company Information
for the year from 31 March 2023 to 30 March 2024

Director

B Dosanjh

Registered Address

Able House
61 Gorst Road
London
NW10 6LS

Registered Number

09501906 (England and Wales)
GOLDMASTER LTD
Balance Sheet as at
30 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets380,00080,000
80,00080,000
Current assets
Debtors630,513631,484
Cash at bank and on hand6,4876,614
637,000638,098
Creditors amounts falling due within one year4(15,247)(7,347)
Net current assets (liabilities)621,753630,751
Total assets less current liabilities701,753710,751
Provisions for liabilities5(5,610)(5,610)
Net assets696,143705,141
Capital and reserves
Called up share capital915,100915,100
Profit and loss account(218,957)(209,959)
Shareholders' funds696,143705,141
The financial statements were approved and authorised for issue by the Director on 20 November 2024, and are signed on its behalf by:
B Dosanjh
Director
Registered Company No. 09501906
GOLDMASTER LTD
Notes to the Financial Statements
for the year ended 30 March 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Finance leases and hire purchase contracts
Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 31 March 2380,00080,000
At 30 March 2480,00080,000
Net book value
At 30 March 2480,00080,000
At 30 March 2380,00080,000
4.Creditors: amounts due within one year

2024

2023

££
Other creditors12,2474,347
Accrued liabilities and deferred income3,0003,000
Total15,2477,347
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,6105,610
Total5,6105,610