Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-31true7102023-09-01falseCommunity PharmacytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06915786 2023-09-01 2024-08-31 06915786 2022-09-01 2023-08-31 06915786 2024-08-31 06915786 2023-08-31 06915786 2022-09-01 06915786 c:Director1 2023-09-01 2024-08-31 06915786 d:Buildings 2024-08-31 06915786 d:Buildings 2023-08-31 06915786 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06915786 d:Buildings d:ShortLeaseholdAssets 2023-09-01 2024-08-31 06915786 d:PlantMachinery 2023-09-01 2024-08-31 06915786 d:PlantMachinery 2024-08-31 06915786 d:PlantMachinery 2023-08-31 06915786 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06915786 d:FurnitureFittings 2023-09-01 2024-08-31 06915786 d:FurnitureFittings 2024-08-31 06915786 d:FurnitureFittings 2023-08-31 06915786 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06915786 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 06915786 d:Goodwill 2023-09-01 2024-08-31 06915786 d:Goodwill 2024-08-31 06915786 d:Goodwill 2023-08-31 06915786 d:CurrentFinancialInstruments 2024-08-31 06915786 d:CurrentFinancialInstruments 2023-08-31 06915786 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 06915786 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06915786 d:UKTax 2023-09-01 2024-08-31 06915786 d:UKTax 2022-09-01 2023-08-31 06915786 d:ShareCapital 2024-08-31 06915786 d:ShareCapital 2023-08-31 06915786 d:ShareCapital 2022-09-01 06915786 d:OtherMiscellaneousReserve 2024-08-31 06915786 d:OtherMiscellaneousReserve 2023-08-31 06915786 d:OtherMiscellaneousReserve 2022-09-01 06915786 d:RetainedEarningsAccumulatedLosses 2023-09-01 2024-08-31 06915786 d:RetainedEarningsAccumulatedLosses 2024-08-31 06915786 d:RetainedEarningsAccumulatedLosses 2022-09-01 2023-08-31 06915786 d:RetainedEarningsAccumulatedLosses 2023-08-31 06915786 d:RetainedEarningsAccumulatedLosses 2022-09-01 06915786 c:OrdinaryShareClass2 2023-09-01 2024-08-31 06915786 c:OrdinaryShareClass2 2024-08-31 06915786 c:OrdinaryShareClass2 2023-08-31 06915786 c:OrdinaryShareClass3 2023-09-01 2024-08-31 06915786 c:OrdinaryShareClass3 2024-08-31 06915786 c:OrdinaryShareClass3 2023-08-31 06915786 c:FRS102 2023-09-01 2024-08-31 06915786 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06915786 c:FullAccounts 2023-09-01 2024-08-31 06915786 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06915786 2 2023-09-01 2024-08-31 06915786 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 06915786 d:AcceleratedTaxDepreciationDeferredTax 2023-08-31 06915786 e:PoundSterling 2023-09-01 2024-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06915786










GOULDS UK LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2024

 
GOULDS UK LTD
REGISTERED NUMBER: 06915786

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 7 
118,106
145,112

  
118,106
145,112

Current assets
  

Stocks
 8 
70,539
64,531

Debtors: amounts falling due within one year
 9 
113,137
139,882

Cash at bank and in hand
 10 
520,805
501,466

  
704,481
705,879

Creditors: amounts falling due within one year
 11 
(275,722)
(251,348)

Net current assets
  
 
 
428,759
 
 
454,531

Total assets less current liabilities
  
546,865
599,643

Provisions for liabilities
  

Deferred tax
 12 
(21,344)
(20,209)

  
 
 
(21,344)
 
 
(20,209)

Net assets
  
525,521
579,434


Capital and reserves
  

Called up share capital 
 13 
70
70

Other reserves
  
30
30

Profit and loss account
  
525,421
579,334

  
525,521
579,434


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.
Page 1

 
GOULDS UK LTD
REGISTERED NUMBER: 06915786
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 April 2025.




Mr Jay Rayani
Director

The notes on pages 4 to 12 form part of these financial statements.

Page 2

 
GOULDS UK LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£


At 1 September 2022
70
30
499,745
499,845


Comprehensive income for the year

Profit for the year
-
-
154,489
154,489


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(74,900)
(74,900)



At 1 September 2023
70
30
579,334
579,434


Comprehensive income for the year

Profit for the year
-
-
20,987
20,987


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(74,900)
(74,900)


At 31 August 2024
70
30
525,421
525,521


The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Goulds UK Limited is a private company, limited by share capital, incorporated in England and Wales under registration number 06915786. The address of the registered office of the company is Level 5A, Maple House, 149 Tottenham Court Road, London, W1T 7NF. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 5

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 Amortisation is provided on the following bases:

Goodwill
-
10%
straight line



 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Leasehold improvements
-
10%
straight line
Plant and machinery
-
25%
reducing balance
Fixtures, fittings and equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 6

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







No of employess
10
7

Page 7

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
12,530
49,708


12,530
49,708


Total current tax
12,530
49,708

Deferred tax


Origination and reversal of timing differences
1,135
(5,118)

Total deferred tax
1,135
(5,118)


13,665
44,590

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.




5.


Dividends

2024
2023
£
£


Ordinary A Shares
37,500
37,500


Ordinary B Shares
37,400
37,400

74,900
74,900

Page 8

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Intangible assets



Goodwill

£



Cost


At 1 September 2023
859,803



At 31 August 2024

859,803



Amortisation


At 1 September 2023
859,803



At 31 August 2024

859,803



Net book value



At 31 August 2024
-




7.


Tangible fixed assets





Leasehold improvements
Plant and machinery
Fixtures, fittings and equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
56,493
128,390
121,949
306,832



At 31 August 2024

56,493
128,390
121,949
306,832



Depreciation


At 1 September 2023
19,305
76,724
65,692
161,721


Charge for the year on owned assets
5,649
12,917
8,439
27,005



At 31 August 2024

24,954
89,641
74,131
188,726



Net book value



At 31 August 2024
31,539
38,749
47,818
118,106

Page 9

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Stocks

2024
2023
£
£

Finished goods and goods for resale
70,539
64,531

70,539
64,531


Page 10

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Debtors

2024
2023
£
£


Trade debtors
86,584
93,379

VAT repayable
15,633
15,792

Prepayments
3,420
2,892

Deposit
7,500
7,500

S.455 tax recoverable
-
20,319

113,137
139,882





10.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
520,805
501,466

520,805
501,466



11.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
231,061
187,412

Corporation tax
12,530
49,670

Directors' loan account
28,126
13,736

Other taxation and social security
3,347
-

Pension payable
658
530

275,722
251,348



12.


Deferred taxation

Page 11

 
GOULDS UK LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
 
12.Deferred taxation (continued)




2024


£






At beginning of year
(20,209)


Charged to profit or loss
(1,135)



At end of year
(21,344)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(21,344)
(20,209)

(21,344)
(20,209)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



45 (2023 - 45) A Ordinary shares of £1.00 each
45
45
25 (2023 - 25) B Ordinary shares of £1.00 each
25
25

70

70



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £151,177 (2023 - £26,376).


15.


Controlling party

The company is under the control of the directors, Mr Jay Rayani (64% share) and his spouse, Mrs Rupa Rayani (36% share), by virtue of fact that between them, they own 100% of the issued share capital of the company. 

 
Page 12