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Registered number: 07733173
Goldex Investments (Essex) Limited
Financial Statements
For The Year Ended 31 October 2024
Nijjer Accountants Ltd
Chartered Accountants
5-7 Station Road
Longfield
Kent
DA3 7QD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07733173
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 544,336 587,918
544,336 587,918
CURRENT ASSETS
Stocks 20,000 27,000
Debtors 5 2,758,204 2,710,026
Cash at bank and in hand 146,415 154,578
2,924,619 2,891,604
Creditors: Amounts Falling Due Within One Year 6 (422,606 ) (466,431 )
NET CURRENT ASSETS (LIABILITIES) 2,502,013 2,425,173
TOTAL ASSETS LESS CURRENT LIABILITIES 3,046,349 3,013,091
PROVISIONS FOR LIABILITIES
Deferred Taxation (97,660 ) (83,177 )
NET ASSETS 2,948,689 2,929,914
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,948,589 2,929,814
SHAREHOLDERS' FUNDS 2,948,689 2,929,914
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mohamad Khan
Director
12 May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldex Investments (Essex) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07733173 . The registered office is 62a Station Road, Upminster, RM14 2TD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over the lease term
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2.5. 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.
2.6. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.7. Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for
bad and doubtful debts
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2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 107 (2023: 113)
107 113
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 November 2023 172,957 1,562,999 80,305 1,816,261
Additions - 17,340 90,281 107,621
Disposals - - (47,846 ) (47,846 )
As at 31 October 2024 172,957 1,580,339 122,740 1,876,036
Depreciation
As at 1 November 2023 172,957 1,026,039 29,347 1,228,343
Provided during the period - 82,096 21,261 103,357
As at 31 October 2024 172,957 1,108,135 50,608 1,331,700
Net Book Value
As at 31 October 2024 - 472,204 72,132 544,336
As at 1 November 2023 - 536,960 50,958 587,918
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,272 19,590
Other debtors 2,745,932 2,690,436
2,758,204 2,710,026
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 157,781 182,068
Other creditors 58,297 85,629
Taxation and social security 206,528 198,734
422,606 466,431
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4
Page 5
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 186,039 840,778
Dividends
The total dividends paid during the year were £186,038 to Goldex Investments (Essex) Holdings Ltd.
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