Company Registration No. 14630501 (England and Wales)
GOLD STANDARD DRIVING LTD
Unaudited accounts
for the year ended 28 February 2025
GOLD STANDARD DRIVING LTD
Unaudited accounts
Contents
GOLD STANDARD DRIVING LTD
Company Information
for the year ended 28 February 2025
Company Number
14630501 (England and Wales)
Registered Office
203 West Street
Fareham
PO16 0EN
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
GOLD STANDARD DRIVING LTD
Accountants' report
Accountants' report to the director of GOLD STANDARD DRIVING LTD on the preparation of the unaudited statutory accounts for the year ended 28 February 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
GOLD STANDARD DRIVING LTD for the year ended
28 February 2025 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of GOLD STANDARD DRIVING LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of GOLD STANDARD DRIVING LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GOLD STANDARD DRIVING LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that GOLD STANDARD DRIVING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of GOLD STANDARD DRIVING LTD. You consider that GOLD STANDARD DRIVING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of GOLD STANDARD DRIVING LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
2 April 2025
GOLD STANDARD DRIVING LTD
Statement of financial position
as at 28 February 2025
Tangible assets
11,322
12,724
Cash at bank and in hand
7,023
5,394
Creditors: amounts falling due within one year
(51,139)
(18,117)
Net current liabilities
(39,815)
(12,723)
Net (liabilities)/assets
(28,493)
1
Called up share capital
1
1
Profit and loss account
(28,494)
-
Shareholders' funds
(28,493)
1
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 April 2025 and were signed on its behalf by
Ammar Rafiq
Director
Company Registration No. 14630501
GOLD STANDARD DRIVING LTD
Notes to the Accounts
for the year ended 28 February 2025
GOLD STANDARD DRIVING LTD is a private company, limited by shares, registered in England and Wales, registration number 14630501. The registered office is 203 West Street, Fareham, PO16 0EN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2024
10,000
6,674
16,674
At 28 February 2025
10,000
8,964
18,964
At 1 March 2024
1,788
2,162
3,950
Charge for the year
1,468
2,224
3,692
At 28 February 2025
3,256
4,386
7,642
At 28 February 2025
6,744
4,578
11,322
At 28 February 2024
8,212
4,512
12,724
Amounts falling due within one year
GOLD STANDARD DRIVING LTD
Notes to the Accounts
for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
4,301
Loans from directors
50,955
13,581
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(13,580)
(136,375)
(99,000)
(50,955)
(13,580)
(136,375)
(99,000)
(50,955)
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).