Gold Vehicles Ltd

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

Registered number: 11974287

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		112,696		145,575

			112,696		145,575
CURRENT ASSETS
Stocks		986,487		1,058,199
Debtors	5	168,465		130,236
Cash at bank and in hand		144,525		13,015

		1,299,477		1,201,450
Creditors: Amounts Falling Due Within One Year	6	(644,684 )		(651,110 )

NET CURRENT ASSETS (LIABILITIES)			654,793		550,340

TOTAL ASSETS LESS CURRENT LIABILITIES			767,489		695,915

Creditors: Amounts Falling Due After More Than One Year	7		(210,020 )		(22,222 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,344 )		(17,344 )

NET ASSETS			540,125		656,349

CAPITAL AND RESERVES
Called up share capital	9		50		100
Capital redemption reserve			50		-
Profit and Loss Account			540,025		656,249

SHAREHOLDERS' FUNDS			540,125		656,349

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Gold Vehicles Ltd

Balance Sheet (continued)

As At 31 May 2026

For the year ending 31 May 2026 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

J Bayliss

Director

9 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Gold Vehicles Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11974287 . The registered office is Unit 6 47 Grace Road West, Marsh Barton, Exeter, Devon, EX2 8PU.

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. 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:

Leasehold	20% Straight line
Plant & Machinery	20% Straight line
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20% Straight line
Computer Equipment	20% Straight line

2.4. 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.

2.5. 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.

...CONTINUED

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Gold Vehicles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.5. Taxation - continued

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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 9)

4. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 June 2025	69,556	140,133	209,689
Additions	-	20,537	20,537
Disposals	-	(22,654 )	(22,654 )

As at 31 May 2026	69,556	138,016	207,572

Depreciation
As at 1 June 2025	19,330	44,784	64,114
Provided during the period	11,792	24,781	36,573
Disposals	-	(5,811 )	(5,811 )

As at 31 May 2026	31,122	63,754	94,876

Net Book Value
As at 31 May 2026	38,434	74,262	112,696

As at 1 June 2025	50,226	95,349	145,575

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Gold Vehicles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	24,642	51,338
Other debtors	143,823	78,898

	168,465	130,236

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	68,901	100,512
Bank loans and overdrafts	5,556	5,556
Other loans	41,150	-
Other creditors	363,433	493,882
Taxation and social security	165,644	51,160

	644,684	651,110

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

	2026	2025
	£	£
Bank loans	16,666	22,222
Other loans	193,354	-

	210,020	22,222

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

A stock loan in other creditors is secured against the those stock items facilitated by the loan.

	2026		2025
	£		£
Other Creditors	284,380		383,013

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	50	100

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Gold Vehicles Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	35,000	35,000

	35,000	35,000

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 June 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 May 2026
	£	£	£	£	£
Mr Jake Bayliss	11,354	12,729	16,971	-	7,112

The above loan is unsecured and repayable on demand and interest was charged at HMRC prescribed rates on overdrawn balances.

12. Related Party Transactions

A loan was made to a shareholder who held 50% of the issued share capital of the company as follows:

Amount loaned in the year £15,370

Amount repaid in the year £33,027

Balance outstanding at the balance sheet date £0 (2025 £17,657).

Interest was charged on this loan at HMRC prescribed rates on the overdrawn balance.

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