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REGISTERED NUMBER: 07381564 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Cotswold Gold Limited

Cotswold Gold Limited (Registered number: 07381564)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cotswold Gold Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr C R Beldam
Mrs H F Beldam





REGISTERED OFFICE: East Lodge Farm
Cheltenham Road
Stanton
Broadway
Worcestershire
WR12 7NH





REGISTERED NUMBER: 07381564 (England and Wales)





ACCOUNTANTS: Richard Clarke & Co (At Your Service) Ltd
Unit 3, Mobbs Miller House
Christchurch Road
Northampton
Northamptonshire
NN1 5LL

Cotswold Gold Limited (Registered number: 07381564)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,389 -
Tangible assets 5 165,847 117,276
287,236 117,276

CURRENT ASSETS
Stocks 264,179 168,706
Debtors 6 475,772 485,667
Cash at bank and in hand 257,012 430,223
996,963 1,084,596
CREDITORS
Amounts falling due within one year 7 1,042,585 964,590
NET CURRENT (LIABILITIES)/ASSETS (45,622 ) 120,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,614

237,282

PROVISIONS FOR LIABILITIES 34,602 21,923
NET ASSETS 207,012 215,359

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 207,011 215,358
207,012 215,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 18 November 2024 and were signed on its behalf by:



Mr C R Beldam - Director


Cotswold Gold Limited (Registered number: 07381564)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Cotswold Gold 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.

Goodwill
Goodwill arises from two acquisitions, the first in 2011 in respect of which the goodwill was amortised over its useful life of 4 years, the second in 2023 in respect of which the goodwill is being amortised over its estimated useful life of 3 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property inc. e-commerce websites are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold property improvements - 5% on cost
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

In respect of claims for 'Research and Development Corporation Tax Relief' submitted to HM Revenue & Customs, due to the uncertainty associated with any such claim the financial benefits are only recognised when the claim has been processed and approved by HM Revenue & Customs and not in the financial year to which the claim relates.


Cotswold Gold Limited (Registered number: 07381564)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued
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 15 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
Cost
At 1 March 2023 11,309 - 11,309
Additions 40,000 130,000 170,000
Reclassification/transfer - 10,010 10,010
At 29 February 2024 51,309 140,010 191,319
Amortisation
At 1 March 2023 11,309 - 11,309
Charge for year 13,333 35,278 48,611
Reclassification/transfer - 10,010 10,010
At 29 February 2024 24,642 45,288 69,930
Net book value
At 29 February 2024 26,667 94,722 121,389
At 28 February 2023 - - -

Cotswold Gold Limited (Registered number: 07381564)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


5. TANGIBLE FIXED ASSETS
Short
leasehold
property Plant and
improvements machinery Website
£    £    £   
Cost
At 1 March 2023 64,758 239,856 10,010
Additions - 105,234 -
Disposals - (40,472 ) -
Reclassification/transfer - - (10,010 )
At 29 February 2024 64,758 304,618 -
Depreciation
At 1 March 2023 20,108 184,904 10,010
Charge for year 3,238 48,422 -
Eliminated on disposal - (39,307 ) -
Reclassification/transfer - - (10,010 )
At 29 February 2024 23,346 194,019 -
Net book value
At 29 February 2024 41,412 110,599 -
At 28 February 2023 44,650 54,952 -

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 March 2023 33,000 12,061 359,685
Additions - 1,019 106,253
Disposals - (9,966 ) (50,438 )
Reclassification/transfer - - (10,010 )
At 29 February 2024 33,000 3,114 405,490
Depreciation
At 1 March 2023 16,686 10,701 242,409
Charge for year 4,079 778 56,517
Eliminated on disposal - (9,966 ) (49,273 )
Reclassification/transfer - - (10,010 )
At 29 February 2024 20,765 1,513 239,643
Net book value
At 29 February 2024 12,235 1,601 165,847
At 28 February 2023 16,314 1,360 117,276

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 421,837 447,921
Other debtors 53,935 37,746
475,772 485,667

Cotswold Gold Limited (Registered number: 07381564)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 164,067 155,155
Amounts owed to group undertakings 615,612 577,169
Taxation and social security 104,813 64,769
Other creditors 158,093 167,497
1,042,585 964,590