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REGISTERED NUMBER: 08761820 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GORAL&SON DIRECT LTD

GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GORAL&SON DIRECT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: D Goral
B J Goral





REGISTERED OFFICE: 35 Spital Hill
Sheffield
S4 7LD





REGISTERED NUMBER: 08761820 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,356 86,662

CURRENT ASSETS
Debtors 5 298,523 330,366
Cash at bank and in hand 9,384 9,425
307,907 339,791
CREDITORS
Amounts falling due within one year 6 270,657 299,368
NET CURRENT ASSETS 37,250 40,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,606

127,085

CREDITORS
Amounts falling due after more than one
year

7

43,347

67,649
NET ASSETS 57,259 59,436

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,159 59,336
57,259 59,436

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

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

GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)

BALANCE SHEET - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:





D Goral - Director


GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Goral&Son Direct Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 12,879 4,450 122,448 139,777
DEPRECIATION
At 1 September 2023 12,082 332 40,701 53,115
Charge for year 161 668 22,477 23,306
At 31 August 2024 12,243 1,000 63,178 76,421
NET BOOK VALUE
At 31 August 2024 636 3,450 59,270 63,356
At 31 August 2023 797 4,118 81,747 86,662

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 122,448
Transfer to ownership (28,000 )
At 31 August 2024 94,448
DEPRECIATION
At 1 September 2023 40,701
Charge for year 18,890
Transfer to ownership (24,413 )
At 31 August 2024 35,178
NET BOOK VALUE
At 31 August 2024 59,270
At 31 August 2023 81,747

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 25,128
Other debtors 298,523 305,238
298,523 330,366

GORAL&SON DIRECT LTD (REGISTERED NUMBER: 08761820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,614 34,729
Hire purchase contracts (see note 8) 14,940 20,728
Trade creditors 11,326 17,265
Amounts owed to associate company 112,156 55,469
Taxation and social security 84,238 130,386
Other creditors 11,383 40,791
270,657 299,368

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,831 17,480
Hire purchase contracts (see note 8) 36,516 50,169
43,347 67,649

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,940 20,728
Between one and five years 36,516 50,169
51,456 70,897

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 9,142

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 24,182 24,709
Bank loans 19,263 27,500
Hire purchase contracts 51,456 70,897
94,901 123,106