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REGISTERED NUMBER: 02904791 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GOLDCREST CONTRACTORS LIMITED

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDCREST CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: P H Buckfield





SECRETARY: Mrs C E Bolingbroke





REGISTERED OFFICE: St James' Hall
Mill Road
Lancing
West Sussex
BN15 0PT





REGISTERED NUMBER: 02904791 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,376 4,501

CURRENT ASSETS
Debtors 5 3,608 3,893
Cash at bank 72,244 76,941
75,852 80,834
CREDITORS
Amounts falling due within one year 6 (97,126 ) (101,642 )
NET CURRENT LIABILITIES (21,274 ) (20,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,898

)

(16,307

)

CREDITORS
Amounts falling due after more than one
year

7

(8,183

)

(18,280

)

PROVISIONS FOR LIABILITIES 8 (641 ) (855 )
NET LIABILITIES (26,722 ) (35,442 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (26,724 ) (35,444 )
SHAREHOLDERS' FUNDS (26,722 ) (35,442 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

BALANCE SHEET - continued
31 MARCH 2025


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





P H Buckfield - Director


GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Goldcrest Contractors 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.

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.

Turnover
Turnover represents the invoiced amounts of goods and services rendered excluding VAT as adjusted for opening and closing contract balances.

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 etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Stocks, work in progress & contract balances
Stocks are valued at the lower of cost and net realisable value. The cost of work in progress includes overheads appropriate to the stage of completion.

Contract balances are stated at cost plus attributable profits less foreseeable losses and payments on account on a contract by contract basis. Where cumulative turnover exceeds total payments on account the balance is included in debtors as amounts recoverable on contracts. When total payments on account exceed cumulative turnover, the balance is offset firstly against contract balances, any excess being disclosed separately in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 20,558
DEPRECIATION
At 1 April 2024 16,057
Charge for year 1,125
At 31 March 2025 17,182
NET BOOK VALUE
At 31 March 2025 3,376
At 31 March 2024 4,501

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,286 2,277
Other debtors 322 1,616
3,608 3,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 8,333 8,333
Trade creditors - 228
Taxation and social security 1,961 711
Other creditors 86,832 92,370
97,126 101,642

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 8,183 18,280

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 641 855

GOLDCREST CONTRACTORS LIMITED (REGISTERED NUMBER: 02904791)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 855
Capital allowances in advance (214 )
of depreciation
Balance at 31 March 2025 641