REGISTERED NUMBER: 06294403 (England and Wales)

Gola Creations Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Y Gola

Registered office:

18 Westmoreland Road

London

NW9 9BW

Registered number:

06294403 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

40,369

49,221

Current assets

Debtors

5

57,252

53,940

Cash at bank

3,147

8,734

60,399

62,674

Creditors

Amounts falling due within one year

6

91,351

88,403

Net current liabilities

(30,952

)

(25,729

)

Total assets less current liabilities

9,417

23,492

Creditors

Amounts falling due after more than one year

7

6,760

21,326

Net assets

2,657

2,166

Capital and reserves

Called up share capital

100

100

Retained earnings

2,557

2,066

Shareholders' funds

2,657

2,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 September 2025 and were signed by:

Y Gola - Director

1.	Statutory information

Gola Creations 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.

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 value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 10% on cost

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 1 (2024 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2024

94,061

Additions

1,757

At 31 March 2025

95,818

Depreciation

At 1 April 2024

44,840

Charge for year

10,609

At 31 March 2025

55,449

Net book value

At 31 March 2025

40,369

At 31 March 2024

49,221

5.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

40,288

46,345

Other debtors

16,964

7,595

57,252

53,940

6.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Bank loans and overdrafts

7,454

7,454

Hire purchase contracts

5,937

5,937

Trade creditors

50,386

51,715

Taxation and social security

25,294

21,017

Other creditors

2,280

2,280

91,351

88,403

7.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Bank loans

1,108

8,250

Hire purchase contracts

4,896

9,896

Other creditors

756

3,180

6,760

21,326

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Y Gola

Balance outstanding at start of year

3,696

-

Amounts advanced

13,994

3,696

Amounts repaid

(3,696

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,994

3,696

The loan was interest free, unsecured and repaid after the year.