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Company Registration No. 02833653 (England and Wales)
Gold Associates Limited Unaudited accounts for the year ended 31 August 2024
Gold Associates Limited Unaudited accounts Contents
Page
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Gold Associates Limited Company Information for the year ended 31 August 2024
Directors
E Matarazzo L Matarazzo
Company Number
02833653 (England and Wales)
Registered Office
45a-49a Burch Road Northfleet Gravesend DA11 9NE ENGLAND
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Gold Associates Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,453 
12,606 
Current assets
Inventories
147,952 
111,452 
Debtors
307,822 
379,059 
Cash at bank and in hand
166,447 
164,298 
622,221 
654,809 
Creditors: amounts falling due within one year
(144,527)
(184,117)
Net current assets
477,694 
470,692 
Total assets less current liabilities
487,147 
483,298 
Creditors: amounts falling due after more than one year
(12,032)
(20,833)
Net assets
475,115 
462,465 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
474,115 
461,465 
Shareholders' funds
475,115 
462,465 
For the year ending 31 August 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by
E Matarazzo Director Company Registration No. 02833653
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Gold Associates Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Gold Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 02833653. The registered office is 45a-49a Burch Road, Northfleet, Gravesend, DA11 9NE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20 % Reducing Balance
Motor vehicles
20 % Reducing Balance
Fixtures & fittings
20 % Reducing Balance
Computer equipment
20 % Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Gold Associates Limited Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
3,078 
34,374 
5,120 
6,134 
48,706 
At 31 August 2024
3,078 
34,374 
5,120 
6,134 
48,706 
Depreciation
At 1 September 2023
1,763 
25,544 
4,113 
4,680 
36,100 
Charge for the year
329 
2,208 
252 
364 
3,153 
At 31 August 2024
2,092 
27,752 
4,365 
5,044 
39,253 
Net book value
At 31 August 2024
986 
6,622 
755 
1,090 
9,453 
At 31 August 2023
1,315 
8,830 
1,007 
1,454 
12,606 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
12,162 
Amounts due from group undertakings etc.
284,567 
361,439 
Accrued income and prepayments
23,255 
5,199 
Other debtors
- 
259 
307,822 
379,059 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
24,915 
18,678 
Trade creditors
93,413 
140,886 
Taxes and social security
1,468 
5,369 
Other creditors
9,475 
7,522 
Loans from directors
923 
922 
Accruals
4,333 
740 
144,527 
184,117 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,032 
20,833 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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