IRIS Accounts Production v24.3.2.46 07319971 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073199712023-07-31073199712024-07-31073199712023-08-012024-07-31073199712022-07-31073199712022-08-012023-07-31073199712023-07-3107319971ns15:EnglandWales2023-08-012024-07-3107319971ns14:PoundSterling2023-08-012024-07-3107319971ns10:Director12023-08-012024-07-3107319971ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3107319971ns10:SmallEntities2023-08-012024-07-3107319971ns10:AuditExemptWithAccountantsReport2023-08-012024-07-3107319971ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107319971ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107319971ns10:FullAccounts2023-08-012024-07-3107319971ns10:CompanySecretary12023-08-012024-07-3107319971ns10:RegisteredOffice2023-08-012024-07-3107319971ns5:CurrentFinancialInstruments2024-07-3107319971ns5:CurrentFinancialInstruments2023-07-3107319971ns5:ShareCapital2024-07-3107319971ns5:ShareCapital2023-07-3107319971ns5:CapitalRedemptionReserve2024-07-3107319971ns5:CapitalRedemptionReserve2023-07-3107319971ns5:RetainedEarningsAccumulatedLosses2024-07-3107319971ns5:RetainedEarningsAccumulatedLosses2023-07-3107319971ns5:LandBuildings2023-07-3107319971ns5:LeaseholdImprovements2023-07-3107319971ns5:PlantMachinery2023-07-3107319971ns5:LandBuildings2023-08-012024-07-3107319971ns5:LeaseholdImprovements2023-08-012024-07-3107319971ns5:PlantMachinery2023-08-012024-07-3107319971ns5:LandBuildings2024-07-3107319971ns5:LeaseholdImprovements2024-07-3107319971ns5:PlantMachinery2024-07-3107319971ns5:LandBuildings2023-07-3107319971ns5:LeaseholdImprovements2023-07-3107319971ns5:PlantMachinery2023-07-3107319971ns5:FurnitureFittings2023-07-3107319971ns5:ComputerEquipment2023-07-3107319971ns5:FurnitureFittings2023-08-012024-07-3107319971ns5:ComputerEquipment2023-08-012024-07-3107319971ns5:FurnitureFittings2024-07-3107319971ns5:ComputerEquipment2024-07-3107319971ns5:FurnitureFittings2023-07-3107319971ns5:ComputerEquipment2023-07-3107319971ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3107319971ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 07319971 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Gold Standard Document Solutions Ltd

Gold Standard Document Solutions Ltd (Registered number: 07319971)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Gold Standard Document Solutions Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A C Clark





SECRETARY: A C Clark





REGISTERED OFFICE: 58a Amwell Street
Hoddesdon
EN11 8UA





REGISTERED NUMBER: 07319971 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

Gold Standard Document Solutions Ltd (Registered number: 07319971)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 180,948 186,750

CURRENT ASSETS
Debtors 5 73,377 2,500
Cash at bank 305,842 258,790
379,219 261,290
CREDITORS
Amounts falling due within one year 6 94,639 31,424
NET CURRENT ASSETS 284,580 229,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,528

416,616

PROVISIONS FOR LIABILITIES 5,236 -
NET ASSETS 460,292 416,616

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve (10,500 ) (10,500 )
Retained earnings 469,792 426,116
460,292 416,616

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

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

Gold Standard Document Solutions Ltd (Registered number: 07319971)

Statement of Financial Position - continued
31 July 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 30 January 2025 and were signed by:





A C Clark - Director


Gold Standard Document Solutions Ltd (Registered number: 07319971)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Gold Standard Document Solutions Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Gold Standard Document Solutions Ltd (Registered number: 07319971)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 150,000 - 35,777
Additions - - -
Disposals - - (7,469 )
Reclassification/transfer - 20,188 (6,545 )
At 31 July 2024 150,000 20,188 21,763
DEPRECIATION
At 1 August 2023 - - 19,803
Charge for year - 2,019 3,523
Eliminated on disposal - - (7,470 )
Reclassification/transfer - 2,083 (4,658 )
At 31 July 2024 - 4,102 11,198
NET BOOK VALUE
At 31 July 2024 150,000 16,086 10,565
At 31 July 2023 150,000 - 15,974

Gold Standard Document Solutions Ltd (Registered number: 07319971)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 24,941 - 210,718
Additions - 878 878
Disposals (1,668 ) (133 ) (9,270 )
Reclassification/transfer (20,188 ) 6,545 -
At 31 July 2024 3,085 7,290 202,326
DEPRECIATION
At 1 August 2023 4,165 - 23,968
Charge for year 668 471 6,681
Eliminated on disposal (1,668 ) (133 ) (9,271 )
Reclassification/transfer (2,083 ) 4,658 -
At 31 July 2024 1,082 4,996 21,378
NET BOOK VALUE
At 31 July 2024 2,003 2,294 180,948
At 31 July 2023 20,776 - 186,750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 73,377 2,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 3,706 -
Taxation and social security 67,302 31,424
Other creditors 23,631 -
94,639 31,424

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gold Standard Document Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gold Standard Document Solutions Ltd for the year ended 31 July 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gold Standard Document Solutions Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gold Standard Document Solutions Ltd and state those matters that we have agreed to state to the director of Gold Standard Document Solutions Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gold Standard Document Solutions Ltd and its director for our work or for this report.

It is your duty to ensure that Gold Standard Document Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gold Standard Document Solutions Ltd. You consider that Gold Standard Document Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gold Standard Document Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Gold Standard Document Solutions Ltd

30 January 2025