Goldentop Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09085893 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

GOLDENTOP LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Kornbluh

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

09085893 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

12,333

6,846

CURRENT ASSETS

Stocks

5

1,250

1,100

Debtors

6

37,759

43,066

Cash at bank

35,501

35,727

74,510

79,893

CREDITORS

Amounts falling due within one year

7

(37,549

)

(67,691

)

NET CURRENT ASSETS

36,961

12,202

TOTAL ASSETS LESS CURRENT LIABILITIES

49,294

19,048

CREDITORS

Amounts falling due after more than one year

8

(38,811

)

(43,261

)

NET ASSETS/(LIABILITIES)

10,483

(24,213

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

10,482

(24,214

)

SHAREHOLDERS' FUNDS

10,483

(24,213

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2024 and were signed by:

Mrs M Kornbluh - Director

1.	STATUTORY INFORMATION

Goldentop Ltd 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.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2022

11,029

1,358

12,387

Additions

7,750

-

7,750

At 30 June 2023

18,779

1,358

20,137

DEPRECIATION

At 1 July 2022

4,591

950

5,541

Charge for year

2,128

135

2,263

At 30 June 2023

6,719

1,085

7,804

NET BOOK VALUE

At 30 June 2023

12,060

273

12,333

At 30 June 2022

6,438

408

6,846

5.

STOCKS

30.6.23

30.6.22

£

£

Stocks

1,250

1,100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade debtors

18,918

24,378

Other debtors

18,841

18,688

37,759

43,066

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Trade creditors

20,761

31,898

Tax

4,753

4,753

Social security and other taxes

108

(43

)

VAT

6,001

15,893

Other creditors

4,156

13,520

Accrued expenses

1,770

1,670

37,549

67,691

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans - 2-5 years

-

43,261

Other loans more 5yrs instal

38,811

-

38,811

43,261

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

38,811

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.23

30.6.22

£

£

Other loans

38,811

-

Under the bank loan, £38,811 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 July 2022

(24,214

)

Profit for the year

34,696

At 30 June 2023

10,482

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs M Kornbluh.