Registered number
07304101
Golden Bush (UK) Ltd
Unaudited Filleted Accounts
31 July 2024
Golden Bush (UK) Ltd
Registered number: 07304101
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 25,547 24,547
Current assets
Stocks 16,658 9,888
Debtors 4 153,264 90,287
Cash at bank and in hand 85,232 139,613
255,154 239,788
Creditors: amounts falling due within one year 5 (43,763) (72,345)
Net current assets 211,391 167,443
Total assets less current liabilities 236,938 191,990
Provisions for liabilities (3,433) (3,213)
Net assets 233,505 188,777
Capital and reserves
Called up share capital 1 1
Profit and loss account 233,504 188,776
Shareholders' funds 233,505 188,777
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 members have 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 F J Foskett
Director
Approved by the board on 23 April 2025
Golden Bush (UK) Ltd
Notes to the Accounts
for the year ended 31 July 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).

The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Leasehold land and buildings over the lease term
Plant and machinery 25% reducing balance
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 and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at the transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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 13 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 17,457 40,356 57,813
Additions 3,347 3,330 6,677
At 31 July 2024 20,804 43,686 64,490
Depreciation
At 1 August 2023 5,356 27,910 33,266
Charge for the year 1,733 3,944 5,677
At 31 July 2024 7,089 31,854 38,943
Net book value
At 31 July 2024 13,715 11,832 25,547
At 31 July 2023 12,101 12,446 24,547
4 Debtors 2024 2023
£ £
Other debtors 153,264 90,287
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,246 2,864
Taxation and social security costs 37,784 30,313
Other creditors 1,733 39,168
43,763 72,345
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 75,178 22,678
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Interest free and repayable on demand (10,937) 46,075 (17,226) 17,912
(10,937) 46,075 (17,226) 17,912
8 Related party transactions
Betty Cottles Inn Ltd is a related party due to being controlled by a close family member.

During the year an additional amount of £40,000 was loaned to Betty Cottles Inn Ltd and interest was charged of £7,609 (2023 - £660).

No repayments where made by Betty Cottles Inn Ltd during the year.

The balance of the loan due to the company from Betty Cottles Inn Ltd at the reporting date was £128,268 (2023 - £80,660).

There is no balance due to Betty Cottles Inn Ltd from the company.
9 Other information
Golden Bush (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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