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REGISTERED NUMBER: 11995540 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Goldborne Electrical
& Communications Limited

Goldborne Electrical
& Communications Limited (Registered number: 11995540)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Goldborne Electrical
& Communications Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P A Mcarthur





REGISTERED OFFICE: Suite 202, Buiilding 5300 Lakeside
Cheadle Royal Business Park
Cheadle
SK8 3GP





REGISTERED NUMBER: 11995540 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

Goldborne Electrical
& Communications Limited (Registered number: 11995540)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,106 17,548

CURRENT ASSETS
Stocks 63,831 38,895
Debtors 5 219,211 319,168
Cash at bank and in hand 56,732 17,084
339,774 375,147
CREDITORS
Amounts falling due within one year 6 229,475 259,600
NET CURRENT ASSETS 110,299 115,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,405

133,095

PROVISIONS FOR LIABILITIES 8 2,861 3,334
NET ASSETS 132,544 129,761

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 132,543 129,760
SHAREHOLDERS' FUNDS 132,544 129,761

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

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

Goldborne Electrical
& Communications Limited (Registered number: 11995540)

Balance Sheet - continued
31 May 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





P A Mcarthur - Director


Goldborne Electrical
& Communications Limited (Registered number: 11995540)

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

1. STATUTORY INFORMATION

Goldborne Electrical & Communications 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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Goldborne Electrical
& Communications Limited (Registered number: 11995540)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

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.

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

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 10 (2023 - NIL ) .

Goldborne Electrical
& Communications Limited (Registered number: 11995540)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,541 20,695 1,595 25,831
Additions - 12,250 3,833 16,083
At 31 May 2024 3,541 32,945 5,428 41,914
DEPRECIATION
At 1 June 2023 1,515 5,174 1,594 8,283
Charge for year 304 6,943 1,278 8,525
At 31 May 2024 1,819 12,117 2,872 16,808
NET BOOK VALUE
At 31 May 2024 1,722 20,828 2,556 25,106
At 31 May 2023 2,026 15,521 1 17,548

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 12,250
At 31 May 2024 12,250
DEPRECIATION
Charge for year 3,063
At 31 May 2024 3,063
NET BOOK VALUE
At 31 May 2024 9,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 156,934 273,240
Other debtors 54,184 44,928
Prepayments 8,093 1,000
219,211 319,168

Goldborne Electrical
& Communications Limited (Registered number: 11995540)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other loans (see note 7) 22,184 31,385
Hire purchase contracts 6,310 9,077
Trade creditors 99,386 94,445
Tax 11,973 34,153
Social security and other taxes 18,586 15,675
VAT 4,546 21,722
Other creditors 38,555 25,457
Directors' current accounts 1,020 859
Accrued expenses 26,915 26,827
229,475 259,600

7. LOANS

An analysis of the maturity of loans is given below:

31.5.24 31.5.23
£    £   
Amounts falling due within one year or on demand:
Other loans 22,184 31,385

8. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 2,861 3,334

Deferred
tax
£   
Balance at 1 June 2023 3,334
Accelerated capital allowances (473 )
Balance at 31 May 2024 2,861

The entire provision for deferred tax relates to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1