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Company No: 07309335 (England and Wales)

GOLDEN CASH LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

GOLDEN CASH LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

GOLDEN CASH LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
GOLDEN CASH LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR Nerya Netanel
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 07309335 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
GOLDEN CASH LIMITED

BALANCE SHEET

As at 31 July 2024
GOLDEN CASH LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 130,766 123,744
130,766 123,744
Current assets
Stocks 791,237 221,487
Debtors 5 1,813,004 2,449,211
Cash at bank and in hand 6 291,070 349,932
2,895,311 3,020,630
Creditors: amounts falling due within one year 7 ( 181,094) ( 362,669)
Net current assets 2,714,217 2,657,961
Total assets less current liabilities 2,844,983 2,781,705
Provision for liabilities ( 32,692) ( 30,936)
Net assets 2,812,291 2,750,769
Capital and reserves
Called-up share capital 100 100
Profit and loss account 2,812,191 2,750,669
Total shareholder's funds 2,812,291 2,750,769

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Golden Cash Limited (registered number: 07309335) were approved and authorised for issue by the Director on 06 March 2025. They were signed on its behalf by:

Nerya Netanel
Director
GOLDEN CASH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
GOLDEN CASH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance
Other property, plant and equipment 5 years straight line
Stocks

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

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.

2. Prior year adjustment

The 2023 comparatives have been adjusted as follows:

As previously reported Adjustment As restated
Year ended 31 July 2023 £ £ £
Profit and loss account: Closing stock (121,700) (99,787) (221,487)
Balance Sheet: Stock 121,700 99,787 221,487

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 4 4

4. Tangible assets

Fixtures and fittings Computer equipment Other property, plant
and equipment
Total
£ £ £ £
Cost
At 01 August 2023 134,808 2,837 133,559 271,204
Additions 1,374 974 41,058 43,406
At 31 July 2024 136,182 3,811 174,617 314,610
Accumulated depreciation
At 01 August 2023 59,443 893 87,124 147,460
Charge for the financial year 19,134 506 16,744 36,384
At 31 July 2024 78,577 1,399 103,868 183,844
Net book value
At 31 July 2024 57,605 2,412 70,749 130,766
At 31 July 2023 75,365 1,944 46,435 123,744

5. Debtors

2024 2023
£ £
Trade debtors 0 116,567
Amounts owed by Group undertakings 229,668 1,150,000
Corporation tax 60,750 0
Other debtors 1,522,586 1,182,644
1,813,004 2,449,211

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 291,070 349,932

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 13,391 66,179
Taxation and social security 157,795 291,202
Other creditors 9,908 5,288
181,094 362,669