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REGISTERED NUMBER: 13457743 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Geoffrey Golding Tailors Limited

Geoffrey Golding Tailors Limited (Registered number: 13457743)






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




Page

Company Information 1

Report of the Directors 2

Statement of Directors' Responsibilities 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 7


Geoffrey Golding Tailors Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G D Golding
Mrs T M Golding





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 13457743 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

DIRECTORS
The directors during the year under review were:

G D Golding
Mrs T M Golding

The beneficial interests of the directors holding office on 31 December 2024 in the issued share capital of the company were as follows:
31.12.24 1.1.24
Ordinary £1 shares

G D Golding 51 51
Mrs T M Golding 49 49

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G D Golding - Director


13 June 2025

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Statement of Directors' Responsibilities
for the Year Ended 31 December 2024

The Directors are responsible for preparing the Directors Report and the financial statements in accordance with applicable law and regulation.

Company law requires the Directors to prepare financial statements for each financial year. Under that law, the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the Directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The Directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Income Statement
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

TURNOVER 277,856 173,270

Cost of sales 122,265 93,780
GROSS PROFIT 155,591 79,490

Administrative expenses 127,125 69,952
OPERATING PROFIT and
PROFIT BEFORE TAXATION 28,466 9,538

Tax on profit 5 6,500 -
PROFIT FOR THE FINANCIAL YEAR 21,966 9,538

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 92,457 82,961

CURRENT ASSETS
Stocks 7,520 2,500
Debtors 7 30,445 32,476
Cash at bank 50,194 9,267
88,159 44,243
CREDITORS
Amounts falling due within one year 8 152,203 127,257
NET CURRENT LIABILITIES (64,044 ) (83,014 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,413

(53

)

PROVISIONS FOR LIABILITIES 9 6,500 -
NET ASSETS/(LIABILITIES) 21,913 (53 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 21,813 (153 )
SHAREHOLDERS' FUNDS 21,913 (53 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Geoffrey Golding Tailors Limited (Registered number: 13457743)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





G D Golding - Director


Geoffrey Golding Tailors Limited (Registered number: 13457743)

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

1. STATUTORY INFORMATION

Geoffrey Golding Tailors Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A - he Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

In respect of long-term contracts and contracts for on-going services, revenue represents the value of work done in the year, including estimates of amounts not invoiced. Revenue in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Relocatable Buildings20% straight line
Land & Property20% straight line
Plant & Equipment20% 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. Cost is calculated on a first in, first out basis.


Geoffrey Golding Tailors Limited (Registered number: 13457743)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the Balance Sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the Profit and Loss Account.

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.

Pension costs
The company operates a defined contribution pensions scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.12.24 31.12.23
£    £   
Depreciation - owned assets 31,465 24,219

Geoffrey Golding Tailors Limited (Registered number: 13457743)

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

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.12.2431.12.23
££
Corporation tax for the year --
Transferred from Deferred Tax account6,500-
6,500-

6. TANGIBLE FIXED ASSETS
Relocatable Plant and Land &
buildings machinery buildings Totals
£    £    £    £   
COST
At 1 January 2024 67,574 27,830 29,833 125,237
Additions 20,228 20,733 - 40,961
At 31 December 2024 87,802 48,563 29,833 166,198
DEPRECIATION
At 1 January 2024 24,007 8,874 9,395 42,276
Charge for year 17,561 7,937 5,967 31,465
At 31 December 2024 41,568 16,811 15,362 73,741
NET BOOK VALUE
At 31 December 2024 46,234 31,752 14,471 92,457
At 31 December 2023 43,567 18,956 20,438 82,961

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 16,812 10,120
Prepayments and accrued income 13,633 22,356
30,445 32,476

Geoffrey Golding Tailors Limited (Registered number: 13457743)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 13,390 7,287
Owed to GDG (Properties) Ltd 16,962 5,169
Social security and other taxes 17,698 8,625
Directors' loan accounts 95,617 94,987
Accruals and deferred income 8,536 11,189
152,203 127,257

9. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 6,500 -

Deferred
tax
£   
Provided during year 6,500
Balance at 31 December 2024 6,500

Deferred tax is charged at 19%

Deferred tax is generated by accelerated capital allowances. It is the tax payable if the company's assets were to be sold at the balance sheet value on the company year end.

10. RESERVES
Retained
earnings
£   

At 1 January 2024 (153 )
Profit for the year 21,966
At 31 December 2024 21,813