|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2018 |
|
for |
|
GOLDMAR ASSOCIATES LIMITED |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 31 March 2018 |
|
for |
|
GOLDMAR ASSOCIATES LIMITED |
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Contents of the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Accountants' Report | 2 |
|
Balance Sheet | 3 |
|
Notes to the Financial Statements | 5 |
|
GOLDMAR ASSOCIATES LIMITED |
|
Company Information |
for the Year Ended 31 March 2018 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
St Stephen's House |
Laburnum Avenue |
Robin Hoods Bay |
North Yorkshire |
YO22 4RR |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Goldmar Associates Limited |
|
|
The following reproduces the text of the report prepared for the directors in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act |
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the |
Income Statement and certain other primary statements and the Report of the Directors are |
not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for |
your approval the financial statements of Goldmar Associates Limited for the year ended |
31 March 2018 which comprise the Income Statement, Balance Sheet, Statement of Changes in |
Equity and the related notes from the company's accounting records and from information and |
explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the Board of Directors of Goldmar Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Goldmar Associates Limited and state those matters that we have agreed to state to the Board of Directors of Goldmar Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Goldmar Associates Limited and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Goldmar Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Goldmar Associates Limited. You consider that Goldmar Associates Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Goldmar Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
St Stephen's House |
Laburnum Avenue |
Robin Hoods Bay |
North Yorkshire |
YO22 4RR |
|
|
|
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Balance Sheet |
31 March 2018 |
|
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
Investment property | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than
one year |
8 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 11 |
|
|
Retained earnings | 12 |
|
|
SHAREHOLDERS' FUNDS |
|
|
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Balance Sheet - continued |
31 March 2018 |
|
|
|
|
|
|
The directors acknowledge their 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors on
signed on its behalf by: |
|
|
|
|
|
|
|
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Notes to the Financial Statements |
for the Year Ended 31 March 2018 |
|
|
1. | STATUTORY INFORMATION |
|
Goldmar Associates Limited is a
|
and Wales. The company's registered number and registered office address can be found |
on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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 |
|
Plant and machinery etc | - |
|
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit |
arising from changes in fair value is recognised in profit or loss. |
|
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. |
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the |
balance sheet. Those held under hire purchase contracts are depreciated over their |
estimated useful lives. Those held under finance leases are depreciated over their |
estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. |
The capital element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
the period of the lease. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2017 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2018 |
|
DEPRECIATION |
At 1 April 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
4. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as |
follows: |
|
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2017 |
|
Additions |
|
Disposals | ( |
) |
At 31 March 2018 |
|
DEPRECIATION |
At 1 April 2017 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2017 |
and 31 March 2018 |
|
NET BOOK VALUE |
At 31 March 2018 |
|
At 31 March 2017 |
|
|
The directors consider the cost value of the property to be its market value as at 31 March |
2018. |
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans and overdrafts |
|
|
Hire purchase contracts |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
2018 | 2017 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts |
|
|
|
|
|
Amounts falling due in more than five years: |
|
Repayable otherwise than by instalments |
Bank loans more 5 yrs non-inst |
|
|
|
9. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2018 | 2017 |
£ | £ |
Bank loans |
|
|
Hire purchase contracts | 25,330 | 22,993 |
|
|
|
The bank loans are secured by a first legal charge over the investment property owned but |
the company and by personal guarantees by the two directors. The hire purchase loans are |
secured on the assets involved. |
GOLDMAR ASSOCIATES LIMITED (REGISTERED NUMBER: 04602490) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2018 |
|
|
10. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax | 232 | 2,252 |
|
Deferred |
tax |
£ |
Balance at 1 April 2017 |
|
Released during the year | (2,020 | ) |
Balance at 31 March 2018 |
|
|
11. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2018 | 2017 |
value: | £ | £ |
|
Ordinary | £1 | 46 | 46 |
|
12. | RESERVES |
Retained |
earnings |
£ |
|
At 1 April 2017 |
|
Deficit for the year | ( |
) |
Dividends | ( |
) |
At 31 March 2018 |
|
|
13. | RELATED PARTY DISCLOSURES |
|
As at 31 March 2018 the company owed Mr R Worthington £2,806 (2017: £3,561) and Mrs J |
Worthington £1,199 (2017: £5,938). Both amounts are interest free and repayable on |
demand. |
|
14. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is R G Worthington. |