Company No: 07128749 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	18,292		24,564
		18,292		24,564
Current assets
Stocks		273,348		257,657
Debtors	5	2,936		18,223
Cash at bank and in hand		48,921		59,068
		325,205		334,948
Creditors: amounts falling due within one year	6	( 89,176)		( 100,677)
Net current assets		236,029		234,271
Total assets less current liabilities		254,321		258,835
Creditors: amounts falling due after more than one year	7	( 856)		( 10,646)
Net assets		253,465		248,189
Capital and reserves
Called-up share capital		2		2
Profit and loss account		253,463		248,187
Total shareholders' funds		253,465		248,189

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gold And Times Limited (registered number: 07128749) were approved and authorised for issue by the Director on 12 September 2025. They were signed on its behalf by:

Mr J Whitehead Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Gold And Times Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 29 The Market Hall, Croft Street, Darwen, BB3 1BH, United Kingdom. The principal place of business is 29 The Market Hall, Croft Street, Darwen, BB3 1BH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	25 % reducing balance
Fixtures and fittings	5 years straight line
Office equipment	5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	7		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	120,000		120,000
At 30 April 2025	120,000		120,000
Accumulated amortisation
At 01 May 2024	120,000		120,000
At 30 April 2025	120,000		120,000
Net book value
At 30 April 2025	0		0
At 30 April 2024	0		0

4. Tangible assets

	Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£
Cost
At 01 May 2024	41,353		14,438		1,890		57,681
At 30 April 2025	41,353		14,438		1,890		57,681
Accumulated depreciation
At 01 May 2024	18,092		13,963		1,062		33,117
Charge for the financial year	5,815		142		314		6,271
At 30 April 2025	23,907		14,106		1,376		39,389
Net book value
At 30 April 2025	17,446		332		514		18,292
At 30 April 2024	23,261		475		828		24,564

5. Debtors

	2025		2024
	£		£
Other debtors	2,936		18,223

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,000		10,000
Trade creditors	8,865		28,233
Taxation and social security	63,371		58,026
Other creditors	6,940		4,418
	89,176		100,677

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	856		10,646

8. Related party transactions

Transactions with the entity's director

The company advanced to the director, during the prior year, £15,800. This amount has been paid during the year. No interest was charged on the amount.