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REGISTERED NUMBER: 02027951 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Golden Lady (UK) Limited

Golden Lady (UK) Limited (Registered number: 02027951)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Golden Lady (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N Grassi
C A Hetherington
C Bosi





REGISTERED OFFICE: C/O B Taylor & Sons
Export Drive
Huthwaite
Sutton-In-Ashfield
NG17 6AF





REGISTERED NUMBER: 02027951 (England and Wales)





AUDITORS: Torr Waterfield Limited
Statutory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Golden Lady (UK) Limited (Registered number: 02027951)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,996 6,258

CURRENT ASSETS
Stocks 307,412 550,420
Debtors 5 2,141,622 2,414,533
Cash at bank and in hand 631,300 590,360
3,080,334 3,555,313
CREDITORS
Amounts falling due within one year 6 (846,454 ) (1,464,506 )
NET CURRENT ASSETS 2,233,880 2,090,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,239,876

2,097,065

CREDITORS
Amounts falling due after more than one
year

7

-

(106

)
NET ASSETS 2,239,876 2,096,959

CAPITAL AND RESERVES
Called up share capital 1,200,000 1,200,000
Retained earnings 1,039,876 896,959
2,239,876 2,096,959

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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:




C A Hetherington - Director



C Bosi - Director


Golden Lady (UK) Limited (Registered number: 02027951)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Golden Lady (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Going Concern
The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate in the short term. The directors of ENGIFIN S.p.A., the parent company have confirmed that they will provide financial support as and when required to allow the Company to continue to trade. The financial support will allow the company to satisfy all third party obligations in full when they become due.

Related party exemption
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, 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 balance sheet date.


Golden Lady (UK) Limited (Registered number: 02027951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 balance sheet 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 12,857 68,359 109,410 190,626
Additions - - 4,082 4,082
Disposals - - (82,140 ) (82,140 )
At 31 December 2024 12,857 68,359 31,352 112,568
DEPRECIATION
At 1 January 2024 9,739 66,510 108,119 184,368
Charge for year 733 1,849 1,698 4,280
Eliminated on disposal - - (82,076 ) (82,076 )
At 31 December 2024 10,472 68,359 27,741 106,572
NET BOOK VALUE
At 31 December 2024 2,385 - 3,611 5,996
At 31 December 2023 3,118 1,849 1,291 6,258

Golden Lady (UK) Limited (Registered number: 02027951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,128,948 2,400,948
Other debtors 12,674 13,585
2,141,622 2,414,533

Other debtors includes prepayments and accrued income of £12,674 (2023 - £13,585).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 423
Trade creditors 7,104 4,555
Amounts owed to group undertakings 324,000 1,062,414
Taxation and social security 492,827 373,042
Other creditors 22,523 24,072
846,454 1,464,506

Other creditors includes accruals and deferred income of £22,523 (2023 - £24,072).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts - 106

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Torr FCCA (Senior Statutory Auditor)
for and on behalf of Torr Waterfield Limited

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £11,550 (2023 - £11,550).

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of ENGIFIN S.p.A., which is also the ultimate parent company.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is ENGIFIN S.p.A.. Consolidated accounts are available from Camera di Commerco Industria e Artigianto of Mantova, Via Pietro Fortunato Caivi, 28-46100 Mantova, Italy.

The company's ultimate controlling party is Nadia Grassi.