IRIS Accounts Production v25.1.0.734 04227707 director 1.8.23 31.7.24 31.7.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042277072023-07-31042277072024-07-31042277072023-08-012024-07-31042277072022-07-31042277072022-08-012023-07-31042277072023-07-3104227707ns15:EnglandWales2023-08-012024-07-3104227707ns14:PoundSterling2023-08-012024-07-3104227707ns10:Director12023-08-012024-07-3104227707ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3104227707ns10:SmallEntities2023-08-012024-07-3104227707ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3104227707ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3104227707ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3104227707ns10:FullAccounts2023-08-012024-07-310422770712023-08-012024-07-3104227707ns10:OrdinaryShareClass12023-08-012024-07-3104227707ns5:CurrentFinancialInstruments2024-07-3104227707ns5:CurrentFinancialInstruments2023-07-3104227707ns5:Non-currentFinancialInstruments2024-07-3104227707ns5:Non-currentFinancialInstruments2023-07-3104227707ns5:ShareCapital2024-07-3104227707ns5:ShareCapital2023-07-3104227707ns5:RetainedEarningsAccumulatedLosses2024-07-3104227707ns5:RetainedEarningsAccumulatedLosses2023-07-3104227707ns10:RegisteredOffice2023-08-012024-07-3104227707ns5:NetGoodwill2023-08-012024-07-3104227707ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3104227707ns5:LandBuildingsns5:ShortLeaseholdAssets2023-08-012024-07-3104227707ns5:PlantMachinery2023-08-012024-07-3104227707ns5:FurnitureFittings2023-08-012024-07-3104227707ns5:MotorVehicles2023-08-012024-07-3104227707ns5:NetGoodwill2023-07-3104227707ns5:NetGoodwill2024-07-3104227707ns5:NetGoodwill2023-07-3104227707ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3104227707ns5:PlantMachinery2023-07-3104227707ns5:FurnitureFittings2023-07-3104227707ns5:MotorVehicles2023-07-3104227707ns5:LandBuildingsns5:ShortLeaseholdAssets2024-07-3104227707ns5:PlantMachinery2024-07-3104227707ns5:FurnitureFittings2024-07-3104227707ns5:MotorVehicles2024-07-3104227707ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-3104227707ns5:PlantMachinery2023-07-3104227707ns5:FurnitureFittings2023-07-3104227707ns5:MotorVehicles2023-07-3104227707ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3104227707ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3104227707ns10:OrdinaryShareClass12024-07-31042277071ns10:Director12023-07-31042277071ns10:Director12022-07-31042277071ns10:Director12023-08-012024-07-31042277071ns10:Director12022-08-012023-07-31042277071ns10:Director12024-07-31042277071ns10:Director12023-07-31
REGISTERED NUMBER: 04227707 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

GOLD LINE CAR SERVICES LIMITED

GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 30,000 45,000
Tangible assets 5 4,403,254 3,151,246
4,433,254 3,196,246

CURRENT ASSETS
Stocks 6 448,763 379,510
Debtors 7 1,292,860 1,310,822
Cash at bank and in hand 1,165,478 258,473
2,907,101 1,948,805
CREDITORS
Amounts falling due within one year 8 872,427 557,535
NET CURRENT ASSETS 2,034,674 1,391,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,467,928

4,587,516

CREDITORS
Amounts falling due after more than one
year

9

(1,952,471

)

(993,261

)

PROVISIONS FOR LIABILITIES (1,007,131 ) (702,351 )
NET ASSETS 3,508,326 2,891,904

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 3,508,226 2,891,804
SHAREHOLDERS' FUNDS 3,508,326 2,891,904

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 LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





W A Siddique - Director


GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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


1. STATUTORY INFORMATION

Gold Line Car Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04227707

Registered office: 22 Church Lane
Leytonstone
London
E11 1HG

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Coaches and Minibuses - 10% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 63 (2023 - 57 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 150,000
AMORTISATION
At 1 August 2023 105,000
Amortisation for year 15,000
At 31 July 2024 120,000
NET BOOK VALUE
At 31 July 2024 30,000
At 31 July 2023 45,000

GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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


5. TANGIBLE FIXED ASSETS
Fixtures Coaches
Short Plant and and and
leasehold machinery fittings Minibuses Totals
£    £    £    £    £   
COST
At 1 August 2023 45,980 240,038 635,143 4,615,317 5,536,478
Additions 226,990 - 25,907 2,142,145 2,395,042
Disposals - - - (1,243,504 ) (1,243,504 )
At 31 July 2024 272,970 240,038 661,050 5,513,958 6,688,016
DEPRECIATION
At 1 August 2023 1,839 188,337 497,524 1,697,532 2,385,232
Charge for year 11,297 5,168 16,353 438,808 471,626
Eliminated on disposal - - - (572,096 ) (572,096 )
At 31 July 2024 13,136 193,505 513,877 1,564,244 2,284,762
NET BOOK VALUE
At 31 July 2024 259,834 46,533 147,173 3,949,714 4,403,254
At 31 July 2023 44,141 51,701 137,619 2,917,785 3,151,246

6. STOCKS
2024 2023
£    £   
Stocks 448,763 379,510

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80,129 273,500
Other debtors 1,212,731 1,037,322
1,292,860 1,310,822

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 5,019 6,060
Hire purchase contracts 774,657 477,801
Trade creditors 9,462 11,346
Taxation and social security 41,341 31,216
Other creditors 41,948 31,112
872,427 557,535

GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 1,794,696 890,278
Other creditors 157,775 102,983
1,952,471 993,261

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 5,019 6,060
Other loans - 254
5,019 6,314

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
W A Siddique
Balance outstanding at start of year (2,007 ) 723
Amounts advanced (94 ) -
Amounts repaid - (2,730 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,101 ) (2,007 )

GOLD LINE CAR SERVICES LIMITED (REGISTERED NUMBER: 04227707)

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


13. RELATED PARTY DISCLOSURES

The director repaid his overdrawn account within 9 months of the balance sheet date.

Amounts owed to/from connected companies:
Connected
Companies
£
Owed to Related Parties 194,649
Owed from Related Parties 1,027,747

Connected undertakings
Petchey Car Hire Limited
Seven Fives (UK) Limited
Station Self Storage Limited
Euro Links Cars Limited
Stratford City Cars Limited
Station Cars London Limited
Bailey Gardiner Cars Limited
AHR SR Investments Limited
Meadow Self Storage Limited

14. CONNECTED COMPANIES

A company having the same or predominantly the same shareholders and/or Board of Directors but which is neither a parent, subsidiary, fellow subsidiary or associated company. Any trading activities between such companies have been at arm's length.