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REGISTERED NUMBER: 12711259 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st July 2024

for

Gostore (Foolow) Limited

Gostore (Foolow) Limited (Registered number: 12711259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Gostore (Foolow) Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: S R Molyneux
Mrs P J Molyneux





REGISTERED OFFICE: Unit 8
333 Shepcote lane
Sheffield
South Yorkshire
S91TG





REGISTERED NUMBER: 12711259 (England and Wales)





ACCOUNTANTS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

Gostore (Foolow) Limited (Registered number: 12711259)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,597 28,856

CURRENT ASSETS
Debtors 5 29,434 67,899
Cash at bank and in hand 14,098 6,172
43,532 74,071
CREDITORS
Amounts falling due within one year 6 22,701 10,594
NET CURRENT ASSETS 20,831 63,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,428

92,333

CREDITORS
Amounts falling due after more than one
year

7

(40,662

)

-

PROVISIONS FOR LIABILITIES (5,694 ) (7,214 )
NET ASSETS 47,072 85,119

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 47,070 85,117
SHAREHOLDERS' FUNDS 47,072 85,119

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

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

Gostore (Foolow) Limited (Registered number: 12711259)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 3rd February 2025 and were signed on its behalf by:





S R Molyneux - Director


Gostore (Foolow) Limited (Registered number: 12711259)

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

1. STATUTORY INFORMATION

Gostore (Foolow) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

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.

Gostore (Foolow) Limited (Registered number: 12711259)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.
Financial Instruments are recognised in the company's balance sheet when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2023 19,744 14,000 - 33,744
Additions - 800 53,000 53,800
At 31st July 2024 19,744 14,800 53,000 87,544
DEPRECIATION
At 1st August 2023 3,196 1,692 - 4,888
Charge for year 1,974 1,460 6,625 10,059
At 31st July 2024 5,170 3,152 6,625 14,947
NET BOOK VALUE
At 31st July 2024 14,574 11,648 46,375 72,597
At 31st July 2023 16,548 12,308 - 28,856

Gostore (Foolow) Limited (Registered number: 12711259)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 53,000
At 31st July 2024 53,000
DEPRECIATION
Charge for year 6,625
At 31st July 2024 6,625
NET BOOK VALUE
At 31st July 2024 46,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 29,434 67,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 4,898 -
Taxation and social security 10,003 8,307
Other creditors 7,800 2,287
22,701 10,594

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 40,662 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2 Ordinary £1 2 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

Gostore (Foolow) Limited (Registered number: 12711259)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2024 and 31st July 2023:

31.7.24 31.7.23
£    £   
S R Molyneux
Balance outstanding at start of year 38,546 -
Amounts advanced 26,780 38,546
Amounts repaid (39,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,326 38,546

10. RELATED PARTY DISCLOSURES

Included within debtors are amounts owed from related parties. Brosterfield Farm owed the company £2,658 (2023: £25,908) and Brosterfield Investments Ltd £450 (2023: £nil).

Included within creditors are amounts owed to related parties. Go Store Chesterfield Ltd are owed by the company £5,400 (2023: £nil).

Gostore (Foolow) Limited

Report of the Accountants to the Directors of
Gostore (Foolow) Limited

The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st July 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA


3rd February 2025