REGISTERED NUMBER: 04910073 (England and Wales)

Goliath Footwear Limited

Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Gulcan

Mr A V Yakupoglu

SECRETARY:

Mr L Gulcan

REGISTERED OFFICE:

Goliath House

Chain Bar Road

Cleckheaton

West Yorkshire

BD19 3QF

REGISTERED NUMBER:

04910073 (England and Wales)

AUDITORS:

SMH Jolliffe Cork Audit Ltd

Accountants & Statutory Auditors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

FIXED ASSETS

Intangible assets

4

3

58

Tangible assets

5

94,824

97,728

94,827

97,786

CURRENT ASSETS

Stocks

2,380,239

2,585,087

Debtors

6

5,067,052

4,275,151

Cash at bank and in hand

6,442,687

6,830,866

13,889,978

13,691,104

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7

219,546

283,858

NET CURRENT ASSETS

13,670,432

13,407,246

TOTAL ASSETS LESS CURRENT LIABILITIES

13,765,259

13,505,032

PROVISIONS FOR LIABILITIES

2,018

2,018

NET ASSETS

13,763,241

13,503,014

CAPITAL AND RESERVES

Called up share capital

9

11,000,000

11,000,000

Retained earnings

2,763,241

2,503,014

SHAREHOLDERS' FUNDS

13,763,241

13,503,014

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 22 August 2025 and were signed on its behalf by:

Mr L Gulcan - Director

Mr A V Yakupoglu - Director

1.	STATUTORY INFORMATION

Goliath Footwear 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful of economic life of that asset as follows:

Trademarks

- 5% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Moulds and lasts

-

20% on cost

Warehouse fixtures and fittings

-

20% on cost and 2% on cost

Office equipment

-

20% on cost

Furniture & Fittings

-

20% on cost

Computer equipment

-

33% on cost

All fixed assets are initially recorded at cost.

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Trademarks

£

COST

At 1 January 2024

and 31 December 2024

1,106

AMORTISATION

At 1 January 2024

1,048

Amortisation for year

55

At 31 December 2024

1,103

NET BOOK VALUE

At 31 December 2024

3

At 31 December 2023

58

5.	TANGIBLE FIXED ASSETS

Warehouse

fixtures

Moulds

and

Office

and lasts

fittings

equipment

£

£

£

COST

At 1 January 2024

681,314

295,195

217

Additions

-

3,195

-

At 31 December 2024

681,314

298,390

217

DEPRECIATION

At 1 January 2024

681,314

199,246

217

Charge for year

-

8,718

-

At 31 December 2024

681,314

207,964

217

NET BOOK VALUE

At 31 December 2024

-

90,426

-

At 31 December 2023

-

95,949

-

Furniture

Computer

& Fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

6,484

38,146

1,021,356

Additions

-

4,237

7,432

At 31 December 2024

6,484

42,383

1,028,788

DEPRECIATION

At 1 January 2024

5,013

37,838

923,628

Charge for year

-

1,618

10,336

At 31 December 2024

5,013

39,456

933,964

NET BOOK VALUE

At 31 December 2024

1,471

2,927

94,824

At 31 December 2023

1,471

308

97,728

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

427,351

759,071

Amounts owed by group undertakings

4,519,258

3,385,336

Prepayments and accrued income

120,443

130,744

5,067,052

4,275,151

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

109,216

111,418

Tax

86,770

106,034

Social security and other taxes

5,007

5,710

VAT

5,121

45,137

Other creditors

5,397

6,922

Accruals and deferred income

8,035

8,637

219,546

283,858

8.	LEASING AGREEMENTS

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

2024

2023

£

£

Within one year

154,893

147,603

Between one and five years

20,878

-

175,771

147,603

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

£

11,000,000

Ordinary

£1

11,000,000

11,000,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jane Crossley FCA CTA (Senior Statutory Auditor)

for and on behalf of SMH Jolliffe Cork Audit Ltd

11.	RELATED PARTY DISCLOSURES

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.