IRIS Accounts Production v25.2.0.378 06090247 Board of Directors Board of Directors 1.3.24 28.2.25 28.2.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06090247 2024-02-29 06090247 2025-02-28 06090247 2024-03-01 2025-02-28 06090247 2023-02-28 06090247 2023-03-01 2024-02-29 06090247 2024-02-29 06090247 ns15:EnglandWales 2024-03-01 2025-02-28 06090247 ns14:PoundSterling 2024-03-01 2025-02-28 06090247 ns10:Director1 2024-03-01 2025-02-28 06090247 ns10:Director2 2024-03-01 2025-02-28 06090247 ns10:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 06090247 ns10:SmallEntities 2024-03-01 2025-02-28 06090247 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 06090247 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 06090247 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 06090247 ns10:FullAccounts 2024-03-01 2025-02-28 06090247 ns10:Director3 2024-03-01 2025-02-28 06090247 ns10:CompanySecretary1 2024-03-01 2025-02-28 06090247 ns10:RegisteredOffice 2024-03-01 2025-02-28 06090247 ns5:CurrentFinancialInstruments 2025-02-28 06090247 ns5:CurrentFinancialInstruments 2024-02-29 06090247 ns5:ShareCapital 2025-02-28 06090247 ns5:ShareCapital 2024-02-29 06090247 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 06090247 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 06090247 ns5:FurnitureFittings 2024-02-29 06090247 ns5:MotorVehicles 2024-02-29 06090247 ns5:ComputerEquipment 2024-02-29 06090247 ns5:FurnitureFittings 2024-03-01 2025-02-28 06090247 ns5:MotorVehicles 2024-03-01 2025-02-28 06090247 ns5:ComputerEquipment 2024-03-01 2025-02-28 06090247 ns5:FurnitureFittings 2025-02-28 06090247 ns5:MotorVehicles 2025-02-28 06090247 ns5:ComputerEquipment 2025-02-28 06090247 ns5:FurnitureFittings 2024-02-29 06090247 ns5:MotorVehicles 2024-02-29 06090247 ns5:ComputerEquipment 2024-02-29 06090247 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 06090247 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29 06090247 ns5:CurrentFinancialInstruments 2024-03-01 2025-02-28 06090247 ns5:WithinOneYear 2025-02-28 06090247 ns5:WithinOneYear 2024-02-29 06090247 ns5:BetweenOneFiveYears 2025-02-28 06090247 ns5:BetweenOneFiveYears 2024-02-29 06090247 ns5:AllPeriods 2025-02-28 06090247 ns5:AllPeriods 2024-02-29 06090247 ns5:DeferredTaxation 2024-02-29 06090247 ns5:DeferredTaxation 2024-03-01 2025-02-28 06090247 ns5:DeferredTaxation 2025-02-28 06090247 1 ns10:Director1 2024-02-29 06090247 1 ns10:Director1 2023-02-28 06090247 1 ns10:Director1 2024-03-01 2025-02-28 06090247 1 ns10:Director1 2023-03-01 2024-02-29 06090247 1 ns10:Director1 2025-02-28 06090247 1 ns10:Director1 2024-02-29

REGISTERED NUMBER: 06090247 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 28 February 2025 |

| for |

| Goldsmith Motor Services Limited |

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Contents of the Financial Statements

for the Year Ended 28 February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Goldsmith Motor Services Limited |

Company Information

for the Year Ended 28 February 2025

| DIRECTORS: | D J Goldsmith

| D Goldsmith

| D P Goldsmith

| SECRETARY: | D Goldsmith

| REGISTERED OFFICE: | Airport House

| Suite 43-45

| Purley Way

| Croydon

| Surrey

| CR0 0XZ

| REGISTERED NUMBER: | 06090247 (England and Wales)

| ACCOUNTANTS: | Ledger Sparks Limited

| Airport House

| Suite 43-45

| Purley Way

| Croydon

| CR0 0XZ

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Balance Sheet

28 February 2025

| 2025 |  | 2024

| Notes | £ | £ |

Fixed assets

Tangible assets | 4 | 45,982 |  | 2,375 |  |

Current assets

Stocks | 5,000 |  | 5,000 |  |

Debtors | 5 | 85,241 |  | 77,310 |  |

Cash at bank and in hand | 86,914 |  | 120,731 |  |

177,155 |  | 203,041 |  |

Creditors

Amounts falling due within one year | 6 | (76,326 | ) | (70,953 | ) |

Net current assets | 100,829 |  | 132,088 |  |

Total assets less current liabilities | 146,811 |  | 134,463 |  |

Provisions for liabilities | 8 | (7,644 | ) | (197 | ) |

Net assets | 139,167 |  | 134,266 |  |

Capital and reserves

Called up share capital | 50,000 |  | 50,000 |  |

Retained earnings | 9 | 89,167 |  | 84,266 |  |

139,167 |  | 134,266 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Balance Sheet - continued

28 February 2025

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 3 September 2025 and were signed on its behalf by:

D J Goldsmith - Director

D P Goldsmith - Director

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. | STATUTORY INFORMATION

| Goldsmith Motor Services 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 (£).

| The principal activity of the company continued to be that of repair and servicing of motor vehicles.

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 represents amounts receivable for goods and services net of VAT and trade discounts.

| TANGIBLE FIXED ASSETS

| Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

| Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

| Fixtures and fittings |  | 20% on cost |  |

| Motor vehicles |  | 20% on cost |  |

| Computer equipment |  | 20% on cost |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

| STOCKS

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

| Stocks held for distribution at no nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

| FINANCIAL INSTRUMENTS

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

2. | ACCOUNTING POLICIES - continued

| TAXATION

| The tax expense represents the sum of the tax currently payable and deferred tax.

| CURRENT TAX

| The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

| DEFERRED TAX

| Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date

| GOING CONCERN

| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements and will continue to support the company financially

| PENSIONS

| DEFINED CONTRIBUTION PENSION PLAN

| The company operates a defined contribution pension plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

| The contributions are recognised as an expense in the Statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

| PROVISIONS FOR LIABILITIES

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit and a reliable estimate can

| be made of the amount of the obligation.

| Provisions are charged as an expense to the Statement of income and retained earnings in the year that the company becomes aware of the obligation and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| When payments are eventually made, they are charged to the provision carried in Balance sheet.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 7 ) .

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Motor |  | Computer |

| fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 March 2024 | 45,993 |  | 27,349 |  | 1,177 |  | 74,519 |  |

| Additions | 17,460 |  | 36,087 |  | - |  | 53,547 |  |

| Disposals | - |  | (24,500 | ) | - |  | (24,500 | ) |

| At 28 February 2025 | 63,453 |  | 38,936 |  | 1,177 |  | 103,566 |  |

| DEPRECIATION

| At 1 March 2024 | 45,993 |  | 25,355 |  | 796 |  | 72,144 |  |

| Charge for year | 2,037 |  | 7,667 |  | 236 |  | 9,940 |  |

| Eliminated on disposal | - |  | (24,500 | ) | - |  | (24,500 | ) |

| At 28 February 2025 | 48,030 |  | 8,522 |  | 1,032 |  | 57,584 |  |

| NET BOOK VALUE

| At 28 February 2025 | 15,423 |  | 30,414 |  | 145 |  | 45,982 |  |

| At 29 February 2024 | - |  | 1,994 |  | 381 |  | 2,375 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 62,787 |  | 56,678 |  |

| Other debtors | 22,454 |  | 20,632 |  |

85,241 |  | 77,310 |  |

| The directors consider the carrying value of trade and other receivables approximate to their fair value.

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 30,531 |  | 29,453 |  |

| Taxation and social security | 13,098 |  | 10,722 |  |

| Other creditors | 32,697 |  | 30,778 |  |

76,326 |  | 70,953 |  |

| The directors consider the carrying amounts of current liabilities approximate to their fair values.

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

7. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 11,747 |  | 13,822 |  |

| Between one and five years | 2,870 |  | 14,617 |  |

14,617 |  | 28,439 |  |

8. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 7,644 |  | 197 |  |

| Deferred |

| tax |

£ |

| Balance at 1 March 2024 | 197 |  |

| Provided during year | 7,447 |  |

| Balance at 28 February 2025 | 7,644 |  |

9. | RESERVES

| PROFIT AND LOSS RESERVES

| The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

10. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme . The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the fund and amounted to £6,976 (2024 - £7,403).

| Contributions totaling £624 (2024 - £624) were payable to fund at the balance sheet date and are included in other creditors.

| Goldsmith Motor Services Limited (Registered number: 06090247) |

Notes to the Financial Statements - continued

for the Year Ended 28 February 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 | 2024 |

£ | £ |

| D J Goldsmith

| Balance outstanding at start of year | (37 | ) | (198 | ) |

| Amounts advanced | 39,842 |  | 25,661 |  |

| Amounts repaid | (44,069 | ) | (25,500 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (4,264 | ) | (37 | ) |

12. | RELATED PARTY DISCLOSURES

| At the balance sheet date included in other creditors are amounts due to the directors £4,264 (2024 - £37). This loan is interest free and repayable on demand.