Registered number
06062191
Goldmile Operations Limited
(Previously known as MXL Logistics Ltd)
Report and Accounts
30 November 2023
.
Goldmile Operations Limited
Registered number: 06062191
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 13,691
Current assets
Debtors 4 7,137 1,009,280
Cash at bank and in hand 631 27,628
7,768 1,036,908
Creditors: amounts falling due within one year 5 (59,404) (572,938)
Net current (liabilities)/assets (51,636) 463,970
Total assets less current liabilities (51,636) 477,661
Creditors: amounts falling due after more than one year 6 - (25,000)
Provisions for liabilities - (2,582)
Net (liabilities)/assets (51,636) 450,079
Capital and reserves
Called up share capital 100 100
Profit and loss account (51,736) 449,979
Shareholders' funds (51,636) 450,079
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
E P De Vries
Director
Approved by the board on 21 July 2025
Goldmile Operations Limited
Notes to the Accounts
for the year ended 30 November 2023
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.
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:
Fixtures & fittings 20% reducing balance
Motor vehicles 25% reducing balance
Plant and machinery 20% reducing balance
Computer equipment 3 years straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 December 2022 17,296 21,000 38,296
Disposals (17,296) (21,000) (38,296)
At 30 November 2023 - - -
Depreciation
At 1 December 2022 14,213 10,392 24,605
On disposals (14,213) (10,392) (24,605)
At 30 November 2023 - - -
Net book value
At 30 November 2023 - - -
At 30 November 2022 3,083 10,608 13,691
4 Debtors 2023 2022
£ £
Trade debtors 516 500,891
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 500,000
Other debtors 6,621 8,389
7,137 1,009,280
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 25,550 416,000
Obligations under finance lease and hire purchase contracts - 4,667
Trade creditors - 59,342
Corporation tax - 6,621
Other taxes and social security costs 13,456 32,721
Other creditors 20,398 53,587
59,404 572,938
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 25,000
7 Related party transactions
The company has taken advantage of 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.
8 Controlling party
The company is 100% owned by Goldmile Limited, a company incorporated in the UK and under the control of the director and associates.
Goldmile Operations Limited 06062191 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts July 2024 E P De Vries No description of principal activity 06062191 2021-10-01 2022-11-30 06062191 core:WithinOneYear 2022-11-30 06062191 core:AfterOneYear 2022-11-30 06062191 core:ShareCapital 2022-11-30 06062191 core:RetainedEarningsAccumulatedLosses 2022-11-30 06062191 2022-12-01 2023-11-30 06062191 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06062191 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 06062191 bus:Director40 2022-12-01 2023-11-30 06062191 core:PlantMachinery 2022-12-01 2023-11-30 06062191 core:Vehicles 2022-12-01 2023-11-30 06062191 bus:FRS102 2022-12-01 2023-11-30 06062191 bus:FilletedAccounts 2022-12-01 2023-11-30 06062191 2023-11-30 06062191 core:WithinOneYear 2023-11-30 06062191 core:AfterOneYear 2023-11-30 06062191 core:ShareCapital 2023-11-30 06062191 core:RetainedEarningsAccumulatedLosses 2023-11-30 06062191 core:PlantMachinery 2023-11-30 06062191 core:Vehicles 2023-11-30 06062191 2022-11-30 06062191 core:PlantMachinery 2022-11-30 06062191 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure