Registration number: 07305604

Goldsmith Bowers Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Goldsmith Bowers Ltd

(Registration number: 07305604)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	5	86,994	100,603
Tangible assets	6	2,884	4,194
		89,878	104,797
Current assets
Stocks	7	145,361	135,964
Debtors	8	178,369	129,507
Cash at bank and in hand		44,336	2,241
		368,066	267,712
Creditors: Amounts falling due within one year	9	(351,337)	(291,098)
Net current assets/(liabilities)		16,729	(23,386)
Total assets less current liabilities		106,607	81,411
Creditors: Amounts falling due after more than one year	9	(16,250)	(31,250)
Net assets		90,357	50,161
Capital and reserves
Called up share capital	10	50,001	50,001
Retained earnings		40,356	160
Shareholders' funds		90,357	50,161

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Goldsmith Bowers Ltd

(Registration number: 07305604)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

Mr R J Ashall Director

Mr R Turner Director

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 2
Festival Building
Ashley Lane
Shipley
BD17 7DQ

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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:

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Asset class	Depreciation method and rate
Computers	20% straight line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	10% straight line method
Goodwill	5% straight line method

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 directors) during the year, was 10 (2024 - 9).

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	2,096	2,042
Amortisation expense	13,609	13,610

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Intangible assets

	Goodwill  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2024	237,671	17,260	254,931
At 31 March 2025	237,671	17,260	254,931
Amortisation
At 1 April 2024	148,550	5,778	154,328
Amortisation charge	11,883	1,726	13,609
At 31 March 2025	160,433	7,504	167,937
Carrying amount
At 31 March 2025	77,238	9,756	86,994
At 31 March 2024	89,121	11,482	100,603

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	10,211	10,211
Additions	786	786
At 31 March 2025	10,997	10,997
Depreciation
At 1 April 2024	6,017	6,017
Charge for the year	2,096	2,096
At 31 March 2025	8,113	8,113
Carrying amount
At 31 March 2025	2,884	2,884
At 31 March 2024	4,194	4,194

7

Stocks

	2025 £	2024 £
Work in progress	145,361	135,964

8

Debtors

Current	2025 £	2024 £
Trade debtors	131,834	109,313
Prepayments	30,313	15,044
Other debtors	16,222	5,150
	178,369	129,507

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	11	72,737	50,585
Trade creditors		74,737	54,655
Taxation and social security		27,020	31,124
Accruals and deferred income		4,800	1,500
Other creditors		172,043	153,234
		351,337	291,098

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	11	16,250	31,250

10	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.01 each	5,000,100	50,001	5,000,100	50,001

11	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	16,250	31,250

Goldsmith Bowers Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	15,000	19,999
Bank overdrafts	57,737	30,586
	72,737	50,585