Golden Lady (UK) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02027951 (England and Wales)

Financial Statements for the Year Ended 31 December 2025

for

Golden Lady (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Grassi

C A Hetherington

C Bosi

REGISTERED OFFICE:

24 York Way

Grantham

Lincolnshire

NG31 8RF

REGISTERED NUMBER:

02027951 (England and Wales)

AUDITORS:

Duncan & Toplis Audit Limited

Statutory Auditor

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

4,116

5,996

CURRENT ASSETS

Stocks

192,088

307,412

Debtors

5

2,108,992

2,141,622

Cash at bank and in hand

1,081,791

631,300

3,382,871

3,080,334

CREDITORS

Amounts falling due within one year

6

(1,596,335

)

(846,454

)

NET CURRENT ASSETS

1,786,536

2,233,880

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,790,652

2,239,876

CAPITAL AND RESERVES

Called up share capital

1,200,000

Retained earnings

590,652

1,039,876

1,790,652

2,239,876

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2026 and were signed on its behalf by:

C A Hetherington - Director

1.	STATUTORY INFORMATION

Golden Lady (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate in the short term. The directors of ENGIFIN S.r.l., the parent company have confirmed that they will provide financial support as and when required to allow the Company to continue to trade. The financial support will allow the company to satisfy all third party obligations in full when they become due.

Related party exemption

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% - 33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2025

12,857

68,359

31,352

112,568

Additions

-

666

Disposals

-

(499

)

(499

)

At 31 December 2025

12,857

68,359

31,519

112,735

DEPRECIATION

At 1 January 2025

10,472

68,359

27,741

106,572

Charge for year

697

-

1,849

2,546

Eliminated on disposal

-

(499

)

(499

)

At 31 December 2025

11,169

68,359

29,091

108,619

NET BOOK VALUE

At 31 December 2025

1,688

-

2,428

4,116

At 31 December 2024

2,385

-

3,611

5,996

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

2,095,087

2,128,948

Other debtors

13,905

12,674

2,108,992

2,141,622

Other debtors includes prepayments and accrued income of £12,442 (2024 - £12,674).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

6,011

7,104

Amounts owed to group undertakings

1,117,131

324,000

Taxation and social security

450,221

492,827

Other creditors

22,972

22,523

1,596,335

846,454

Other creditors includes accruals and deferred income of £22,972 (2024 - £22,523).

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Smith FCCA (Senior Statutory Auditor)

for and on behalf of Duncan & Toplis Audit Limited

8.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £11,550 (2024 - £11,550).

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of ENGIFIN S.r.l., which is also the ultimate parent company.

The parent undertaking of the smallest and largest group for which consolidated accounts are prepared is ENGIFIN S.r.l.. Consolidated accounts are available from Camera di Commerco Industria e Artigianto of Mantova, Via Pietro Fortunato Caivi, 28-46100 Mantova, Italy.

The company's ultimate controlling party is Nadia Grassi.