Go Alloy Distribution Limited,Ltd - AccountsLtd - Accounts

Go Alloy Distribution Limited,Ltd - AccountsLtd - Accounts

GO ALLOY DISTRIBUTION LIMITED - Company Information

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2022-10-01 04567821 2023-09-30 04567821 2022-10-01 2023-09-30 04567821 2022-09-30 04567821 2021-10-01 2022-09-30 04567821 uk-core:WithinOneYear uk-bus:Original 2022-09-30 04567821 uk-core:WithinOneYear uk-bus:Original 2023-09-30 04567821 uk-core:ShareCapital uk-bus:Original 2023-09-30 04567821 uk-core:ShareCapital uk-bus:Original 2022-09-30 04567821 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-09-30 04567821 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-09-30 04567821 uk-bus:Director1 uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-core:PlantMachinery uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-core:Vehicles uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-core:Vehicles uk-bus:Original 2022-09-30 04567821 uk-core:PlantMachinery uk-bus:Original 2022-09-30 04567821 uk-core:PlantMachinery uk-bus:Original 2023-09-30 04567821 uk-core:Vehicles uk-bus:Original 2023-09-30 iso4217:GBP xbrli:pure 04567821 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-bus:FRS102 uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-bus:FilletedAccounts uk-bus:Original 2022-10-01 2023-09-30 04567821 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-10-01 2023-09-30
Go Alloy Distribution Limited
Registered Number:04567821
For the year ended 30 September 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2023
Go Alloy Distribution Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04567821
As at 30 September 2023
Go Alloy Distribution Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
6,689
8,919
2
6,689
8,919
Current assets
Inventories
125,802
64,481
3
Trade and other receivables
198,482
184,909
4
124,231
Cash and cash equivalents
175,379
424,769
448,515
Trade and other payables: amounts falling due within one
year
(157,341)
(126,633)
5
291,174
298,136
Net current assets
Total assets less current liabilities
304,825
300,093
(680)
(1,066)
Provisions for liabilities
304,145
Net assets
299,027
Capital and reserves
Called up share capital
10
10
Retained earnings
304,135
299,017
304,145
299,027
Shareholders' funds
For the year ended 30 September 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
I Goad Director
These financial statements were approved and authorised for issue by the Board on 29 November 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 30 September 2023
Go Alloy Distribution Limited
Notes to the Financial Statements
Statutory Information
Go Alloy Distribution Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04567821.
Registered address:
Unit 10B, East Park Trading Estate
Gordon Rd
Whitehall
Bristol
BS5 7DR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and equipment
20% Straight line
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 30 September 2023
Go Alloy Distribution Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
equipment
£
£
£
Cost or
valuation
At 01 October 2022
32,500
23,064
9,436
At 30 September 2023
9,436
23,064
32,500
Provision for depreciation and impairment
At 01 October 2022
23,581
14,145
9,436
Charge for year
2,230
2,230
-
At 30 September 2023
25,811
16,375
9,436
At 30 September 2023
Net book value
-
6,689
6,689
At 30 September 2022
-
8,919
8,919
3. Inventories
2022
2023
£
£
Stocks
64,481
125,802
4. Trade and other receivables
2022
2023
£
£
Trade debtors
178,302
192,682
Other debtors
6,607
5,800
198,482
184,909
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
95,593
114,051
Taxation and social security
27,928
34,912
Other creditors
3,112
8,378
126,633
157,341
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 4
6
For the year ended 30 September 2023
Go Alloy Distribution Limited
Notes to the Financial Statements Continued
4 of 4