Caseware UK (AP4) 2016.0.181 2016.0.181 2018-02-282018-02-28The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueto act as an intermidary between tourists and tour guidesfalse2017-03-01 SC527310 2017-03-01 2018-02-28 SC527310 2016-03-01 2017-02-28 SC527310 2018-02-28 SC527310 2017-02-28 SC527310 c:Director1 2017-03-01 2018-02-28 SC527310 c:Director2 2017-03-01 2018-02-28 SC527310 c:Director2 2018-02-28 SC527310 c:Director3 2017-03-01 2018-02-28 SC527310 c:Director3 2018-02-28 SC527310 c:RegisteredOffice 2017-03-01 2018-02-28 SC527310 d:CopyrightsPatentsTrademarksServiceOperatingRights 2017-03-01 2018-02-28 SC527310 d:CopyrightsPatentsTrademarksServiceOperatingRights 2018-02-28 SC527310 d:CurrentFinancialInstruments 2018-02-28 SC527310 d:CurrentFinancialInstruments 2017-02-28 SC527310 d:CurrentFinancialInstruments d:WithinOneYear 2018-02-28 SC527310 d:CurrentFinancialInstruments d:WithinOneYear 2017-02-28 SC527310 d:ShareCapital 2018-02-28 SC527310 d:SharePremium 2018-02-28 SC527310 d:RetainedEarningsAccumulatedLosses 2018-02-28 SC527310 d:RetainedEarningsAccumulatedLosses 2017-02-28 SC527310 c:FRS102 2017-03-01 2018-02-28 SC527310 c:AuditExempt-NoAccountantsReport 2017-03-01 2018-02-28 SC527310 c:FullAccounts 2017-03-01 2018-02-28 SC527310 c:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28 iso4217:GBP xbrli:pure

        img4e95.png










GETGUIDED LIMITED


Company registration number SC527310


FILING FINANCIAL STATEMENTS


FOR THE YEAR ENDED 28 FEBRUARY 2018































 
GETGUIDED LIMITED
 

CONTENTS



Page
Company information
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 6



 
GETGUIDED LIMITED
 
 
COMPANY INFORMATION


Directors
Mr Javid Nadirov 
Mr Stephen Morris (appointed 31 May 2017)
Mr Turan Rustamli (resigned 30 November 2017)




Registered number
SC527310



Registered office
108/4 Nicholson Street


Edinburgh


EH8 9EJ




Accountants
Scott-Moncrieff
Chartered Accountants

Exchange Place 3

Semple Street


Edinburgh


EH3 8BL




1

 
GETGUIDED LIMITED
REGISTERED NUMBER:SC527310

BALANCE SHEET
AS AT 28 FEBRUARY 2018

2018
Period ended 2017
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,372
-

  
6,372
-

Current assets
  

Debtors: amounts falling due within one year
 5 
2,500
152

Cash at bank and in hand
  
12,329
291

  
14,829
443

Creditors: amounts falling due within one year
 6 
(3,676)
(2,463)

Net current assets/(liabilities)
  
 
 
11,153
 
 
(2,020)

Total assets less current liabilities
  
17,525
(2,020)

  

Net assets/(liabilities)
  
17,525
(2,020)


Capital and reserves
  

Called up share capital 
  
110
-

Share premium account
  
35,990
-

Profit and loss account
  
(18,575)
(2,020)

  
17,525
(2,020)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

As permitted by Section 444 of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the company’s  Statement of Income and Retained Earnings for the year ended 28 February 2018.

:
2

 
GETGUIDED LIMITED
REGISTERED NUMBER:SC527310
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2018

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................
Mr Javid Nadirov
Director
Date: 09 November 2018
 
The notes on pages 4 to 6 form part of these financial statements.

3


 
GETGUIDED LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1.


General information

These financial statements are presented in Pounds Sterling (GBP), as that is the currency in which (the majority of) the company's transactions are denominated. They comprise the financial statements of the company drawn up for the period ended 28 February 2018.
The continuing activity of GetGuided Limited  ('the company') is to act as an intermediary between tourists and tour guides.
The company is a private company limited by shares and is incorporated in United Kingdom and registered in Scotland.  Details of the registered office can be found on the company information page of these financial statements.  The company's registered number is SC527310.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with applicable law and United Kingdom Accounting Standards including Section 1A 'Small Entities' of Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice applicable to Small Entities).
The preparation of financial statements in compliance with Section 1A ‘Small Entities’ of FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

4


 
GETGUIDED LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

2.Accounting policies (continued)

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.6

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Interest income

Interest income is recognised in the Statement of Income and Retained Earnings using the effective interest method.

 
2.8

Taxation

Tax is recognised in the Statement of Income and Retained Earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2017 - 1).

5


 
GETGUIDED LIMITED
 
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

4.


Intangible assets




Trademarks

£



Cost


Additions
7,080



At 28 February 2018

7,080



Amortisation


Charge for the year
708



At 28 February 2018

708



Net book value



At 28 February 2018
6,372



At 28 February 2017
-


5.


Debtors

2018
Period ended 2017
£
£


Other debtors
2,500
152

2,500
152



6.


Creditors: Amounts falling due within one year

2018
Period ended 2017
£
£

Trade creditors
15
120

Other creditors
661
63

Accruals and deferred income
3,000
2,280

3,676
2,463


 
6