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Registered number: 04849252
Goldsack Blinds & Contracts Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
H & E Johnson
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04849252
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 74,229 98,972
74,229 98,972
CURRENT ASSETS
Stocks 6 19,617 12,450
Debtors 7 156,821 174,239
Cash at bank and in hand 349,474 323,506
525,912 510,195
Creditors: Amounts Falling Due Within One Year 8 (104,796 ) (90,336 )
NET CURRENT ASSETS (LIABILITIES) 421,116 419,859
TOTAL ASSETS LESS CURRENT LIABILITIES 495,345 518,831
Creditors: Amounts Falling Due After More Than One Year 9 (17,534 ) (33,831 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,468 ) (23,584 )
NET ASSETS 460,343 461,416
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 460,243 461,316
SHAREHOLDERS' FUNDS 460,343 461,416
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Goldsack
Director
29/12/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Goldsack Blinds & Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04849252 . The registered office is Units A To E Goose Farm Shalloak Road, Broad Oak, Canterbury, Kent, CT2 0QE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25%
Motor Vehicles 25%
Fixtures & Fittings 25%
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 9)
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 40,000
As at 31 March 2025 40,000
Amortisation
As at 1 April 2024 40,000
As at 31 March 2025 40,000
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
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5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2024 127,076 151,231 2,526 280,833
As at 31 March 2025 127,076 151,231 2,526 280,833
Depreciation
As at 1 April 2024 80,967 98,368 2,526 181,861
Provided during the period 11,527 13,216 - 24,743
As at 31 March 2025 92,494 111,584 2,526 206,604
Net Book Value
As at 31 March 2025 34,582 39,647 - 74,229
As at 1 April 2024 46,109 52,863 - 98,972
6. Stocks
2025 2024
£ £
Stock 1,500 1,000
Work in progress 18,117 11,450
19,617 12,450
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,476 68,018
Prepayments and accrued income 2,036 2,036
Other debtors 103,754 103,754
Tax recoverable CIS 2,484 100
VAT 71 -
Net wages - 331
156,821 174,239
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Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,136 6,136
Trade creditors 60,236 45,560
Corporation tax 25,556 21,740
Other taxes and social security 2,909 4,624
VAT - 2,077
Pension creditor 244 398
Credit cards 4,902 4,907
Accrued expenses 4,500 4,500
Director's loan account 313 394
104,796 90,336
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,580 9,716
Bank loans 2-5 years 13,954 24,115
17,534 33,831
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,948 6,948
Later than one year and not later than five years 4,053 11,001
11,001 17,949
Less: Finance charges allocated to future periods 1,285 2,097
9,716 15,852
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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