Registration number: 13875293

Goldenhands Gift Shop Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7
Accountants' Report	8

Goldenhands Gift Shop Ltd

Company Information

Director

J Martin

Registered office

39 High Street Battle East Sussex TN33 0EE

Accountants

Manningtons 39 High Street Battle East Sussex TN33 0EE

Goldenhands Gift Shop Ltd

(Registration number: 13875293)
Balance Sheet as at 30 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	4,859	4,937
Current assets
Stocks	5	100,092	81,744
Debtors	6	27,457	22,126
Cash at bank and in hand		13,200	5,473
		140,749	109,343
Creditors: Amounts falling due within one year	7	(100,194)	(101,540)
Net current assets		40,555	7,803
Total assets less current liabilities		45,414	12,740
Provisions for liabilities		(923)	(938)
Net assets		44,491	11,802
Capital and reserves
Called up share capital		3	3
Retained earnings		44,488	11,799
Shareholders' funds		44,491	11,802

For the financial year ending 30 January 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2025
 

......................................... J Martin Director

Goldenhands Gift Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

The principal place of business is:
30 George Street
Hastings
East Sussex
TN34 3EA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Goldenhands Gift Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	20% reducing balance
Office equipment	20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Goldenhands Gift Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Goldenhands Gift Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 January 2024	6,700	6,700
Additions	926	926
At 30 January 2025	7,626	7,626
Depreciation
At 31 January 2024	1,763	1,763
Charge for the year	1,004	1,004
At 30 January 2025	2,767	2,767
Carrying amount
At 30 January 2025	4,859	4,859
At 30 January 2024	4,937	4,937

5

Stocks

	2025 £	2024 £
Other inventories	100,092	81,744

6

Debtors

	2025 £	2024 £
Prepayments	897	1,291
Other debtors	24,435	20,835
Director loan account	2,125	-
	27,457	22,126

Goldenhands Gift Shop Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2025

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	116	297
Taxation and social security	29,788	13,810
Accruals and deferred income	3,419	3,440
Other creditors	66,871	83,950
Director loan account	-	43
	100,194	101,540

8	Related party transactions

During the year the company lent various amounts to Mrs S Martin (Spouse of the Director) to set up a business above the company's shop. The amount owing at the 30th January 2024 was £24,433 (2024: £12,833).

The company Goldenhands Gift Shop Ltd purchased the business from the partnership of Mrs B Martin and her sister Miss P Martin they are related to the Director. The company owes B & P Martin £66,594 at 30th January 2025 (2024: £83,534).

The director's loan account was repaid within 9 months after the year end.

Transactions with the director

2025	At 31 January 2024 £	Advances to director £	Repayments by director £	At 30 January 2025 £
J Martin
Loan	43	(2,668)	500	(2,125)

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Goldenhands Gift Shop Ltd
for the Year Ended 30 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Goldenhands Gift Shop Ltd for the year ended 30 January 2025 as set out on pages 2 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Goldenhands Gift Shop Ltd, as a body, in accordance with the terms of our engagement letter dated 1 February 2022. Our work has been undertaken solely to prepare for your approval the accounts of Goldenhands Gift Shop Ltd and state those matters that we have agreed to state to the Board of Directors of Goldenhands Gift Shop Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldenhands Gift Shop Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Goldenhands Gift Shop Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Goldenhands Gift Shop Ltd. You consider that Goldenhands Gift Shop Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Goldenhands Gift Shop Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Manningtons
39 High Street
Battle
East Sussex
TN33 0EE

15 October 2025