Registered number
11401196
Lucky Gold Dragon Limited
Unaudited Filleted Accounts
30 June 2024
Lucky Gold Dragon Limited
Registered number: 11401196
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 67,420 81,803
Current assets
Stocks 125,000 85,000
Debtors 4 49,595 57,561
Cash at bank and in hand 31,262 51,966
205,857 194,527
Creditors: amounts falling due within one year 5 (129,614) (132,969)
Net current assets 76,243 61,558
Total assets less current liabilities 143,663 143,361
Creditors: amounts falling due after more than one year 6 (23,196) (41,176)
Net assets 120,467 102,185
Capital and reserves
Called up share capital 1 1
Profit and loss account 120,466 102,184
Shareholder's funds 120,467 102,185
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr L S Khor
Director
Approved by the board on 5 March 2025
Lucky Gold Dragon Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Shop improvement 10% straight line
Plant and machinery over 5 years
Motor vehicle over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 15
3 Tangible fixed assets
Shop improvement Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 17,000 125,696 709 143,405
Additions - 13,944 - 13,944
At 30 June 2024 17,000 139,640 709 157,349
Depreciation
At 1 July 2023 3,400 57,918 284 61,602
Charge for the year 1,700 26,485 142 28,327
At 30 June 2024 5,100 84,403 426 89,929
Net book value
At 30 June 2024 11,900 55,237 283 67,420
At 30 June 2023 13,600 67,778 425 81,803
4 Debtors 2024 2023
£ £
Other debtors 49,595 57,561
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 12,149 11,655
Trade creditors 71,639 51,965
Taxation and social security costs 11,251 9,178
Other creditors 24,575 50,171
129,614 132,969
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,882 19,891
Obligations under finance lease and hire purchase contracts 13,314 21,285
23,196 41,176
7 Controlling party
The company is under the control of the director, Mr L S Khor by virtue of his shareholdings in the company.
8 Other information
Lucky Gold Dragon Limited is a private company limited by shares and incorporated in England. Its registered office is:
114 Hamlet Court Road
Westcliff On Sea
Essex
SS0 7LP
Lucky Gold Dragon Limited 11401196 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr L S Khor No description of principal activity 11401196 2022-07-01 2023-06-30 11401196 core:WithinOneYear 2023-06-30 11401196 core:AfterOneYear 2023-06-30 11401196 core:ShareCapital 2023-06-30 11401196 core:RetainedEarningsAccumulatedLosses 2023-06-30 11401196 2023-07-01 2024-06-30 11401196 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11401196 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11401196 bus:Director40 2023-07-01 2024-06-30 11401196 1 2023-07-01 2024-06-30 11401196 2 2023-07-01 2024-06-30 11401196 core:LandBuildings 2023-07-01 2024-06-30 11401196 core:PlantMachinery 2023-07-01 2024-06-30 11401196 core:Vehicles 2023-07-01 2024-06-30 11401196 countries:England 2023-07-01 2024-06-30 11401196 bus:FRS102 2023-07-01 2024-06-30 11401196 bus:FilletedAccounts 2023-07-01 2024-06-30 11401196 2024-06-30 11401196 core:WithinOneYear 2024-06-30 11401196 core:AfterOneYear 2024-06-30 11401196 core:ShareCapital 2024-06-30 11401196 core:RetainedEarningsAccumulatedLosses 2024-06-30 11401196 core:LandBuildings 2024-06-30 11401196 core:PlantMachinery 2024-06-30 11401196 core:Vehicles 2024-06-30 11401196 2023-06-30 11401196 core:LandBuildings 2023-06-30 11401196 core:PlantMachinery 2023-06-30 11401196 core:Vehicles 2023-06-30 iso4217:GBP xbrli:pure