Goldsmith and Young Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01624658

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		4,151		29,821

			4,151		29,821
CURRENT ASSETS
Stocks	5	424,290		400,000
Debtors	6	63,098		73,819
Cash at bank and in hand		2		635

		487,390		474,454
Creditors: Amounts Falling Due Within One Year	7	(818,124 )		(789,089 )

NET CURRENT ASSETS (LIABILITIES)			(330,734 )		(314,635 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(326,583 )		(284,814 )

Creditors: Amounts Falling Due After More Than One Year	8		(176,303 )		(176,303 )

NET LIABILITIES			(502,886 )		(461,117 )

CAPITAL AND RESERVES
Called up share capital	9		400,000		400,000
Profit and Loss Account			(902,886 )		(861,117 )

SHAREHOLDERS' FUNDS			(502,886)		(461,117)

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Goldsmith and Young Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 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

Mr J O Goldsmith

Director

23 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Goldsmith and Young Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01624658 . The registered office is Unit 2c, Quarryfield Industrial Estate, Mere Warminster Wiltshire, BA12 6LA.

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. 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.

2.3. 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	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	20% Reducing Balance

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. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 4)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 July 2025	12,469	113,663	53,782	18,584	198,498
Disposals	-	(24,290 )	-	-	(24,290 )

As at 30 June 2026	12,469	89,373	53,782	18,584	174,208

...CONTINUED

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Goldsmith and Young Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

Depreciation
As at 1 July 2025	12,469	90,007	48,097	18,104	168,677
Provided during the period	-	(161 )	1,421	120	1,380

As at 30 June 2026	12,469	89,846	49,518	18,224	170,057

Net Book Value
As at 30 June 2026	-	(473 )	4,264	360	4,151

As at 1 July 2025	-	23,656	5,685	480	29,821

5. Stocks

	2026	2025
	£	£
Stock	424,290	400,000

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	(8,342 )	2,574
Prepayments and accrued income	(1,695 )	-
VAT	12,451	10,561
Inter-company Parts for Astons	1,044	1,044

	3,458	14,179
Due after more than one year
Amounts owed by other participating interests	59,640	59,640

	63,098	73,819

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	78,398	97,396
Bank loans and overdrafts	29,687	35,251
Corporation tax	75	75
Other taxes and social security	6,714	6,807
Net wages	1,626	1,695
Other creditors	6,493	4,093
Accruals and deferred income	2,500	2,500
Director's loan account	692,631	641,272

	818,124	789,089

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Goldsmith and Young Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

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

	2026	2025
	£	£
Other loans	62,112	62,112
Amounts owed to associates	114,191	114,191

	176,303	176,303

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	400,000	400,000

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