Company Registration No. SC664138 (Scotland)
Gold 31 Limited
Unaudited accounts
for the year ended 30 June 2024
Gold 31 Limited
Unaudited accounts
Contents
Gold 31 Limited
Company Information
for the year ended 30 June 2024
Director
Joanna Claire Gray
Company Number
SC664138 (Scotland)
Registered Office
3 Jeffrey Street
Edinburgh
EH1 1DR
Scotland
Accountants
Allsquare (Edinburgh) Ltd
Federation House
222-224 Queensferry Road
Edinburgh
EH4 2BN
Gold 31 Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
74,783
69,024
Creditors: amounts falling due within one year
(12,715)
(11,679)
Net current assets
61,780
57,649
Called up share capital
1
1
Profit and loss account
61,779
57,648
Shareholders' funds
61,780
57,649
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 March 2025 and were signed on its behalf by
Joanna Claire Gray
Director
Company Registration No. SC664138
Gold 31 Limited
Notes to the Accounts
for the year ended 30 June 2024
Gold 31 Limited is a private company, limited by shares, registered in Scotland, registration number SC664138. The registered office is 3 Jeffrey Street, Edinburgh, EH1 1DR, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Amounts falling due within one year
Accrued income and prepayments
(465)
-
Gold 31 Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,267
8,035
Other creditors
1,197
1,197
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).