GOLD CORPORATION LIMITED

Company Registration Number:
11878414 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GOLD CORPORATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GOLD CORPORATION LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 4,192,487 2,462,183
Cost of sales: ( 2,541,485 ) ( 1,318,624 )
Gross profit(or loss): 1,651,002 1,143,559
Distribution costs: ( 93,411 ) ( 55,191 )
Administrative expenses: ( 411,452 ) ( 256,828 )
Operating profit(or loss): 1,146,139 831,540
Profit(or loss) before tax: 1,146,139 831,540
Tax: ( 286,534 ) ( 149,677 )
Profit(or loss) for the financial year: 859,605 681,863

GOLD CORPORATION LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,244,301 994,648
Total fixed assets: 1,244,301 994,648
Current assets
Stocks: 4 1,095,135 265,817
Debtors: 5 787,652 512,493
Cash at bank and in hand: 174,654 281,092
Total current assets: 2,057,441 1,059,402
Creditors: amounts falling due within one year: 6 ( 600,245 ) ( 212,158 )
Net current assets (liabilities): 1,457,196 847,244
Total assets less current liabilities: 2,701,497 1,841,892
Total net assets (liabilities): 2,701,497 1,841,892
Capital and reserves
Called up share capital: 180,000 180,000
Profit and loss account: 2,521,497 1,661,892
Total Shareholders' funds: 2,701,497 1,841,892

The notes form part of these financial statements

GOLD CORPORATION LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Mrs Rajashree Das
Status: Director

The notes form part of these financial statements

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 13 8

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 572,384 132,647 97,276 122,892 268,507 1,193,706
Additions 58,987 77,585 101,254 260,627 498,453
Disposals
Revaluations
Transfers
At 31 March 2024 572,384 191,634 174,861 224,146 529,134 1,692,159
Depreciation
At 1 April 2023 21,129 29,313 55,334 93,282 199,058
Charge for year 38,326 34,972 44,829 130,673 248,800
On disposals
Other adjustments
At 31 March 2024 59,455 64,285 100,163 223,955 447,858
Net book value
At 31 March 2024 572,384 132,179 110,576 123,983 305,179 1,244,301
At 31 March 2023 572,384 111,518 67,963 67,558 175,225 994,648

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,095,135 265,817
Total 1,095,135 265,817

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 787,652 512,493
Total 787,652 512,493

GOLD CORPORATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 253,453 62,481
Taxation and social security 346,792 149,677
Total 600,245 212,158