Acorah Software Products - Accounts Production 16.4.675 false true true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 07038498 Mr Amrik Channa iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07038498 2023-10-31 07038498 2024-10-31 07038498 2023-11-01 2024-10-31 07038498 frs-core:CurrentFinancialInstruments 2024-10-31 07038498 frs-core:ComputerEquipment 2024-10-31 07038498 frs-core:ComputerEquipment 2023-11-01 2024-10-31 07038498 frs-core:ComputerEquipment 2023-10-31 07038498 frs-core:PlantMachinery 2024-10-31 07038498 frs-core:PlantMachinery 2023-11-01 2024-10-31 07038498 frs-core:PlantMachinery 2023-10-31 07038498 frs-core:ShareCapital 2024-10-31 07038498 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 07038498 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07038498 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 07038498 frs-bus:SmallEntities 2023-11-01 2024-10-31 07038498 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 07038498 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07038498 frs-bus:Director1 2023-11-01 2024-10-31 07038498 frs-countries:EnglandWales 2023-11-01 2024-10-31 07038498 2022-10-31 07038498 2023-10-31 07038498 2022-11-01 2023-10-31 07038498 frs-core:CurrentFinancialInstruments 2023-10-31 07038498 frs-core:ShareCapital 2023-10-31 07038498 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 07038498
Gold Max Distribution Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Elzey Accountancy and Tax
ACCA
First Floor 2 Central Parade
101 Victoria Road
Horley
Surrey
RH6 7PH
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07038498
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 280 1,084
280 1,084
CURRENT ASSETS
Stocks 5 79,434 -
Cash at bank and in hand 739 79,455
80,173 79,455
Creditors: Amounts Falling Due Within One Year 7 (313,013 ) (296,586 )
NET CURRENT ASSETS (LIABILITIES) (232,840 ) (217,131 )
TOTAL ASSETS LESS CURRENT LIABILITIES (232,560 ) (216,047 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (53 ) (206 )
NET LIABILITIES (232,613 ) (216,253 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (232,713 ) (216,353 )
SHAREHOLDERS' FUNDS (232,613) (216,253)
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 members have 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
Mr Amrik Channa
Director
25/07/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Gold Max Distribution Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07038498 . The registered office is 50 a Istead Rise, Gravesend, Kent, DA13 9JF.
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. Going Concern Disclosure
The director has confirmed that he will continue to financially support the company, therefore, the going concern basis remains appropriate.
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:
Plant & Machinery 20%
Computer Equipment 33.33%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 November 2023 689 7,909 8,598
As at 31 October 2024 689 7,909 8,598
Depreciation
As at 1 November 2023 271 7,243 7,514
Provided during the period 138 666 804
As at 31 October 2024 409 7,909 8,318
Net Book Value
As at 31 October 2024 280 - 280
As at 1 November 2023 418 666 1,084
5. Stocks
2024 2023
£ £
Stock 79,434 -
6. Debtors
2024 2023
£ £
Due within one year
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 1
Other creditors - 195,017
Accruals and deferred income 582 462
Director's loan account 312,431 101,106
313,013 296,586
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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