Golding James Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08346781 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Golding James Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr PA Golding

REGISTERED OFFICE:

Bentlys Hound House Rd

Shere

Surrey

GU5 9JH

REGISTERED NUMBER:

08346781 (England and Wales)

ACCOUNTANTS:

LCP Accounting LLP

16a The Parade

Yateley

Hampshire

GU46 7UN

FIXED ASSETS

Intangible assets

5

59,375

71,875

Tangible assets

6

712

1,894

60,087

73,769

CURRENT ASSETS

Debtors

7

6,904

9,246

Cash at bank

47,293

8,039

54,197

17,285

CREDITORS

Amounts falling due within one year

8

22,143

14,791

NET CURRENT ASSETS

32,054

2,494

TOTAL ASSETS LESS CURRENT LIABILITIES

92,141

76,263

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

92,140

76,262

SHAREHOLDERS' FUNDS

92,141

76,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 19 June 2018 and were signed by:

Mr PA Golding - Director

1.	STATUTORY INFORMATION

Golding James Limited 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

There have not been any estimation uncertainties in the application of the accounting policies.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities.

Financial assets are measured at amortised cost and comprise of cash and cash equivalents and trade and other debtors.

Financial liabilities are measured at amortised cost and comprise of trade and other creditors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

125,000

AMORTISATION

At 1 April 2017

53,125

Charge for year

12,500

At 31 March 2018

65,625

NET BOOK VALUE

At 31 March 2018

59,375

At 31 March 2017

71,875

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

2,423

2,307

4,730

DEPRECIATION

At 1 April 2017

1,647

1,189

2,836

Charge for year

606

576

1,182

At 31 March 2018

2,253

1,765

4,018

NET BOOK VALUE

At 31 March 2018

170

542

712

At 31 March 2017

776

1,118

1,894

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

6,693

9,010

Other debtors

211

236

6,904

9,246

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

1,349

1,451

Taxation and social security

16,487

9,225

Other creditors

4,307

4,115

22,143

14,791