Company registration number 00150925 (England and Wales)
Gold & Wassall (Hinges) Ltd
financial statements
For the year ended 31 March 2025
Gold & Wassall (Hinges) Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Gold & Wassall (Hinges) Ltd
Statement of financial position
As at 31 March 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
862,663
869,920
Current assets
Stocks
706,865
765,765
Debtors
5
705,924
752,254
Cash at bank and in hand
313,853
602,190
1,726,642
2,120,209
Creditors: amounts falling due within one year
6
(670,878)
(728,708)
Net current assets
1,055,764
1,391,501
Net assets
1,918,427
2,261,421
Capital and reserves
Called up share capital
15,225
15,225
Capital redemption reserve
1,275
1,275
Other reserves
27,854
27,854
Profit and loss reserves
1,874,073
2,217,067
Total equity
1,918,427
2,261,421

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 27 January 2026 and are signed on its behalf by:
Mr T S Fellows
Mr C J Fellows
Director
Director
Company registration number 00150925 (England and Wales)
Gold & Wassall (Hinges) Ltd
Notes to the financial statements
For the year ended 31 March 2025
- 2 -
1
Accounting policies
Company information

Gold & Wassall (Hinges) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Castle Works, Lichfield Road Industrial Estate, Tamworth, Staffordshire, West Midlands, B79 7TH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Over 50 years
Leasehold land and buildings
Over 50 years
Plant and equipment
Straight line over 10 years
Fixtures and fittings
Straight line over 10 years
Computers
5 years
Motor vehicles
5 years
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Gold & Wassall (Hinges) Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
60
62
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
1,131,645
2,362,224
3,493,869
Additions
-
0
160,986
160,986
Disposals
-
0
(109,299)
(109,299)
At 31 March 2025
1,131,645
2,413,911
3,545,556
Depreciation and impairment
At 1 April 2024
666,621
1,957,328
2,623,949
Depreciation charged in the year
22,633
119,185
141,818
Eliminated in respect of disposals
-
0
(82,874)
(82,874)
At 31 March 2025
689,254
1,993,639
2,682,893
Carrying amount
At 31 March 2025
442,391
420,272
862,663
At 31 March 2024
465,024
404,896
869,920
Gold & Wassall (Hinges) Ltd
Notes to the financial statements (continued)
For the year ended 31 March 2025
- 4 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
675,907
719,489
Amounts owed by group undertakings
551
739
Other debtors
29,466
32,026
705,924
752,254
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
373,030
303,194
Taxation and social security
178,896
167,929
Other creditors
118,952
257,585
670,878
728,708
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Mark Howell FCA
Statutory Auditor:
DJH Audit Limited
Date of audit report:
6 February 2026
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