Gold Plant Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Gold Plant Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08237277 . The registered office is Hollybank Forge Philip Lane, Hambleton, Selby, United Kingdom, YO8 9GB.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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	12.50% reducing balance
Motor Vehicles	15% straight line

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. 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.

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Gold Plant Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.7. Financial Instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

2.8. Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for

possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company

are assigned to those units.

2.9. Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

2.10. Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

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Gold Plant Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 May 2024	344,325	487,000	831,325
Disposals	-	(425,000 )	(425,000 )

As at 30 April 2025	344,325	62,000	406,325

Depreciation
As at 1 May 2024	43,630	69,175	112,805
Provided during the period	37,587	9,300	46,887
Disposals	-	(63,750 )	(63,750 )

As at 30 April 2025	81,217	14,725	95,942

Net Book Value
As at 30 April 2025	263,108	47,275	310,383

As at 1 May 2024	300,695	417,825	718,520

5. Investments

	Subsidiaries
	£
Cost or Valuation
As at 1 May 2024	2

As at 30 April 2025	2

Provision
As at 1 May 2024	-

As at 30 April 2025	-

Net Book Value
As at 30 April 2025	2

As at 1 May 2024	2

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Gold Plant Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	110,000
Other debtors - Share Cap	100	100
Gold Plant Haulage Loan Account	181,630	-
Other debtors - Holding	842,803	-
VAT	-	305
Director's loan account	-	842,803

	1,024,533	953,208

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	178,205	178,205
Trade creditors	11,210	11,210
Bank loans and overdrafts	10,403	25,438
VAT	92,872	-
Cube (Yorkshire) Ltd	492,324	492,454
Gold Plant Haulage Ltd	-	260,814
Accruals and deferred income	2,925	161,425

	787,939	1,129,546

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	614,656	489,604
Bank loans	4,597	-

	619,253	489,604

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	178,205	178,205
Later than one year and not later than five years	614,656	489,604

	792,861	667,809

	792,861	667,809

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	102	102

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		310,383		718,520
Investments	5		2		2

			310,385		718,522
CURRENT ASSETS
Debtors	6	1,024,533		953,208
Cash at bank and in hand		182,716		132,158

		1,207,249		1,085,366
Creditors: Amounts Falling Due Within One Year	7	(787,939 )		(1,129,546 )

NET CURRENT ASSETS (LIABILITIES)			419,310		(44,180 )

TOTAL ASSETS LESS CURRENT LIABILITIES			729,695		674,342

Creditors: Amounts Falling Due After More Than One Year	8		(619,253 )		(489,604 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(19,385 )		(19,385 )

NET ASSETS			91,057		165,353

CAPITAL AND RESERVES
Called up share capital	10		102		102
Profit and Loss Account			90,955		165,251

SHAREHOLDERS' FUNDS			91,057		165,353