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REGISTERED NUMBER: 13908219 (England and Wales)















Workplace By Goldex Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Workplace By Goldex Limited (Registered number: 13908219)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Workplace By Goldex Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: D S Brar
G S Brar





REGISTERED OFFICE: Warwick House
Park Corner Road
Southfleet
Gravesend
Kent
DA13 9LN





REGISTERED NUMBER: 13908219 (England and Wales)





ACCOUNTANTS: Aggarwal & Co
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Workplace By Goldex Limited (Registered number: 13908219)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,417 -
Tangible assets 5 415,643 451,584
425,060 451,584

CURRENT ASSETS
Debtors 6 4,715 -
Cash at bank 4,791 10,000
9,506 10,000
CREDITORS
Amounts falling due within one year 7 500,138 466,286
NET CURRENT LIABILITIES (490,632 ) (456,286 )
TOTAL ASSETS LESS CURRENT LIABILITIES (65,572 ) (4,702 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (65,575 ) (4,705 )
(65,572 ) (4,702 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Workplace By Goldex Limited (Registered number: 13908219)

Statement of Financial Position - continued
31 October 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 Income Statement 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:





D S Brar - Director


Workplace By Goldex Limited (Registered number: 13908219)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Workplace By Goldex 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the company had net liabilities of £65,572. Included within creditors is an amount of £487,302 owed to the shareholder, Goldex Investments Limited. The company is dependent on the financial support of Goldex Investments Limited which has continued to provide this support since the year end. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets
Franchise costs are being amortised evenly over their estimated useful life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Over the term of the lease

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised 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 statement of financial position date.

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.

Workplace By Goldex Limited (Registered number: 13908219)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 10,000
At 31 October 2024 10,000
AMORTISATION
Charge for year 583
At 31 October 2024 583
NET BOOK VALUE
At 31 October 2024 9,417

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 415,235 36,349 451,584
Additions 16,015 - 16,015
At 31 October 2024 431,250 36,349 467,599
DEPRECIATION
Charge for year 47,917 4,039 51,956
At 31 October 2024 47,917 4,039 51,956
NET BOOK VALUE
At 31 October 2024 383,333 32,310 415,643
At 31 October 2023 415,235 36,349 451,584

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,715 -

Workplace By Goldex Limited (Registered number: 13908219)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,846 6,540
Amounts owed to group undertakings 488,947 459,146
Taxation and social security 686 -
Other creditors 1,659 600
500,138 466,286

8. CONTINGENT LIABILITIES

Workplace by Goldex Limited is part of a group VAT registration. In accordance with HMRC regulations all members of a VAT group are jointly and severally liable for the liability of all members of the group.
At the balance sheet date, the group accounts included a total group VAT creditor amounting to £542,077. Of this amount £144 is included within creditors in the balance sheet of Workplace by Goldex Limited.

9. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £120,000.