Registered number
12997499
AU GOLD BEDS LTD
Filleted Accounts
30 November 2024
AU GOLD BEDS LTD
Registered number: 12997499
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,125 24,247
Current assets
Stocks 36,500 49,800
Debtors 4 34,463 38,142
Cash at bank and in hand 33,545 76,333
104,508 164,275
Creditors: amounts falling due within one year 5 (129,341) (188,025)
Net current liabilities (24,833) (23,750)
Total assets less current liabilities (3,708) 497
Creditors: amounts falling due after more than one year 6 (56,065) (43,860)
Net liabilities (59,773) (43,363)
Capital and reserves
Called up share capital 100 100
Profit and loss account (59,873) (43,463)
Shareholder's funds (59,773) (43,363)
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 member has 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.
UMAR FAROOQ
Director
Approved by the board on 9 January 2025
AU GOLD BEDS LTD
Notes to the Accounts
for the year ended 30 November 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).
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 and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Plant and machinery over 10 years
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
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 7
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 31,219
At 30 November 2024 31,219
Depreciation
At 1 December 2023 6,972
Charge for the year 3,122
At 30 November 2024 10,094
Net book value
At 30 November 2024 21,125
At 30 November 2023 24,247
4 Debtors 2024 2023
£ £
Trade debtors 34,463 38,142
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 115,471 167,381
Taxation and social security costs 1,290 1,290
Other creditors 12,580 19,354
129,341 188,025
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 55,832 43,625
Directors Loan 233 235
56,065 43,860
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
UMAR FAROOQ
[Loan 1] (13,595) - 13,360 (235)
(13,595) - 13,360 (235)
8 Controlling party
The company is under the full control of the Director.
9 Other information
AU GOLD BEDS LTD is a private company limited by shares and incorporated in England. Its registered office is:
DREAMERS ROUSE MILL
ROUSE MILL LANE
BATLEY
WEST YORKSHIRE
WF17 5QB
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