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REGISTERED NUMBER: 04834570 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Gold Motors Limited

Gold Motors Limited (Registered number: 04834570)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Gold Motors Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: S J Gold





REGISTERED OFFICE: 272-274 Davidson Road
Croydon
Surrey
CR0 6DF





REGISTERED NUMBER: 04834570 (England and Wales)





ACCOUNTANTS: Willsons
Chartered Accountants
Carlton House
High Street
Higham Ferrers
Northamptonshire
NN10 8BW

Gold Motors Limited (Registered number: 04834570)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 610,480 175,549
Investments 5 536,480 617,474
1,146,960 793,023

CURRENT ASSETS
Stocks 39,750 26,500
Debtors 6 1,199,097 1,081,117
Cash at bank and in hand 885,985 1,072,863
2,124,832 2,180,480
CREDITORS
Amounts falling due within one year 7 395,371 317,173
NET CURRENT ASSETS 1,729,461 1,863,307
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,876,421

2,656,330

PROVISIONS FOR LIABILITIES 28,295 29,913
NET ASSETS 2,848,126 2,626,417

CAPITAL AND RESERVES
Called up share capital 8 100 10
Retained earnings 2,848,026 2,626,407
SHAREHOLDERS' FUNDS 2,848,126 2,626,417

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 Motors Limited (Registered number: 04834570)

Balance Sheet - 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 4 April 2025 and were signed by:





S J Gold - Director


Gold Motors Limited (Registered number: 04834570)

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

1. STATUTORY INFORMATION

Gold Motors 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.

Critical accounting judgements and key sources of estimation uncertainty
A provision for warranty work is recognised by the company as an obligation at the balance sheet date. This is as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated. Actual results may differ from the provision estimates.

Turnover
Turnover represents the total invoiced value of goods and services supplied by the company during the period, excluding value added tax and trade discounts.

When the outcome of work on vehicle can be estimated reliably, turnover from the work done is recognised at the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the life of the lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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

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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

Gold Motors Limited (Registered number: 04834570)

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

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 August 2023 - - 118,254
Additions 185,062 26,451 37,253
Disposals - - -
At 31 July 2024 185,062 26,451 155,507
DEPRECIATION
At 1 August 2023 - - 108,020
Charge for year - 1,239 11,872
Eliminated on disposal - - -
At 31 July 2024 - 1,239 119,892
NET BOOK VALUE
At 31 July 2024 185,062 25,212 35,615
At 31 July 2023 - - 10,234

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 55,931 352,199 21,272 547,656
Additions 6,343 371,055 10,519 636,683
Disposals - (199,360 ) - (199,360 )
At 31 July 2024 62,274 523,894 31,791 984,979
DEPRECIATION
At 1 August 2023 39,340 213,633 11,114 372,107
Charge for year 4,943 110,364 5,170 133,588
Eliminated on disposal - (131,196 ) - (131,196 )
At 31 July 2024 44,283 192,801 16,284 374,499
NET BOOK VALUE
At 31 July 2024 17,991 331,093 15,507 610,480
At 31 July 2023 16,591 138,566 10,158 175,549

Gold Motors Limited (Registered number: 04834570)

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

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.24 31.7.23
£    £   
Cost brought forward 617,474 302,994
Additions - 476,480
Disposals (80,994 ) (162,000 )
536,480 617,474

6. DEBTORS
31.7.24 31.7.23
£    £   
Amounts falling due within one year:
Trade debtors 146,820 201,537
Other debtors 5,000 5,000
Directors' current accounts 66,736 -
Prepayments 34,825 14,747
253,381 221,284

Amounts falling due after more than one year:
121 Maple Leaf Business Park 222,759 202,848
122 Maple Leaf Business Park 213,393 193,901
123 Maple Leaf Business Park 212,919 193,498
124 Maple Leaf Business Park 296,645 269,586
945,716 859,833

Aggregate amounts 1,199,097 1,081,117

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 112,249 62,669
Corporation Tax 130,186 71,023
Social security and other taxes 9,310 11,198
Pension 1,578 1,484
VAT 39,839 102,959
Other creditors 7,346 -
Net wages 24,351 29,346
C Gillett Loan 217 217
Credit card 4,837 -
Directors' current accounts - 7,095
Accrued expenses 65,458 31,182
395,371 317,173

Gold Motors Limited (Registered number: 04834570)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 10

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.7.24 31.7.23
£    £   
S J Gold
Balance outstanding at start of year - 4,660
Amounts advanced 66,736 -
Amounts repaid - (4,660 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 66,736 -