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REGISTERED NUMBER: 02115830 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GOLIATH HOME WORLD LIMITED

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLIATH HOME WORLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: S P Hancox
P J Wakelin
M A Turner
Miss G Hancox





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 02115830 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,452 41,297

CURRENT ASSETS
Stocks 5 11,930 11,692
Debtors 6 112,501 187,696
Cash at bank and in hand 236,638 187,754
361,069 387,142
CREDITORS
Amounts falling due within one year 7 299,755 325,134
NET CURRENT ASSETS 61,314 62,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,766

103,305

CREDITORS
Amounts falling due after more than one year 8 (9,314 ) (24,517 )

PROVISIONS FOR LIABILITIES 10 (8,113 ) (10,324 )
NET ASSETS 76,339 68,464

CAPITAL AND RESERVES
Called up share capital 26 26
Retained earnings 76,313 68,438
SHAREHOLDERS' FUNDS 76,339 68,464

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.

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

BALANCE SHEET - continued
31 DECEMBER 2024


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 26 June 2025 and were signed on its behalf by:




S P Hancox - Director



P J Wakelin - Director


GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Goliath Home World 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on 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.

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.

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.

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Tenants Plant and and Motor
improvement machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 2,658 44,122 99,362 90,679 236,821
Additions - - 1,336 - 1,336
At 31 December 2024 2,658 44,122 100,698 90,679 238,157
DEPRECIATION
At 1 January 2024 665 42,794 94,952 57,113 195,524
Charge for year 443 324 934 8,480 10,181
At 31 December 2024 1,108 43,118 95,886 65,593 205,705
NET BOOK VALUE
At 31 December 2024 1,550 1,004 4,812 25,086 32,452
At 31 December 2023 1,993 1,328 4,410 33,566 41,297

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 21,605
DEPRECIATION
At 1 January 2024 10,464
Charge for year 2,785
At 31 December 2024 13,249
NET BOOK VALUE
At 31 December 2024 8,356
At 31 December 2023 11,141

5. STOCKS
2024 2023
£    £   
Stocks 11,930 11,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,165 142,948
Prepayments 30,336 44,748
112,501 187,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,357 10,175
Hire purchase contracts (see note 9) 4,846 4,386
Trade creditors 123,237 133,583
Tax 16,336 23,135
Social security and other taxes 13,719 15,283
VAT 65,479 45,592
Other creditors 37,662 67,150
Accrued expenses 28,119 25,830
299,755 325,134

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,224 10,357
Bank loans - 2-5 years - 5,224
Hire purchase contracts (see note 9) 4,090 8,936
9,314 24,517

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 5,509 5,509
Between one and five years 4,257 9,766
9,766 15,275

Finance charges repayable:
Within one year 663 1,123
Between one and five years 167 830
830 1,953

Net obligations repayable:
Within one year 4,846 4,386
Between one and five years 4,090 8,936
8,936 13,322

Non-cancellable operating leases
2024 2023
£    £   
Within one year 49,300 46,765
Between one and five years 6,644 23,144
55,944 69,909

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,113 10,324

GOLIATH HOME WORLD LIMITED (REGISTERED NUMBER: 02115830)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 10,324
Provided during year (2,211 )
Balance at 31 December 2024 8,113

11. RELATED PARTY DISCLOSURES

ESS.P.H. Limited owns 80% of the ordinary share capital. During the year ESS.P.H. Limited received £30,020 (2023: £53,965) in dividends from Goliath Home World Limited.

Abbotsgate Limited owns 20% of the ordinary share capital. During the year Abbotsgate Limited received £7,505 (2023: £13,491) in dividends from Goliath Home World Limited.