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REGISTERED NUMBER: 00391085 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Thomas Guy Limited

Thomas Guy Limited (Registered number: 00391085)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Thomas Guy Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: N W Guy
J L Mitchell





SECRETARY: J L Mitchell





REGISTERED OFFICE: 9 Osprey Place
Guys Industrial Estate North
BURSCOUGH
Nr Ormskirk
Lancashire
L40 8TG





REGISTERED NUMBER: 00391085 (England and Wales)





ACCOUNTANTS: Kirkwood Wilson Limited
2a Swordfish Business Park
Swordfish Close
Higgins Lane
Burscough
Lancashire
L40 8JW

Thomas Guy Limited (Registered number: 00391085)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,190,698 1,169,299
1,190,698 1,169,299

CURRENT ASSETS
Debtors 6 207,237 274,295
Cash at bank 303,157 853,603
510,394 1,127,898
CREDITORS
Amounts falling due within one year 7 454,914 960,581
NET CURRENT ASSETS 55,480 167,317
TOTAL ASSETS LESS CURRENT LIABILITIES 1,246,178 1,336,616

CREDITORS
Amounts falling due after more than one year 8 (34,167 ) -

PROVISIONS FOR LIABILITIES (45,385 ) (38,154 )
NET ASSETS 1,166,626 1,298,462

CAPITAL AND RESERVES
Called up share capital 22,000 22,000
Revaluation reserve 9 152,170 155,341
Other reserves 21,386 21,386
Retained earnings 971,070 1,099,735
SHAREHOLDERS' FUNDS 1,166,626 1,298,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

Thomas Guy Limited (Registered number: 00391085)

Balance Sheet - continued
31 December 2021


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 Board of Directors and authorised for issue on 22 August 2022 and were signed on its behalf by:





N W Guy - Director


Thomas Guy Limited (Registered number: 00391085)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Thomas Guy 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.

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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 1988, is being amortised evenly over its estimated useful life of five 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.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
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.

Thomas Guy Limited (Registered number: 00391085)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 1,860
AMORTISATION
At 1 January 2021
and 31 December 2021 1,860
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2021 1,150,000 298,542 1,448,542
Additions - 73,300 73,300
Disposals - (5,000 ) (5,000 )
At 31 December 2021 1,150,000 366,842 1,516,842
DEPRECIATION
At 1 January 2021 23,000 256,243 279,243
Charge for year 23,000 28,901 51,901
Eliminated on disposal - (5,000 ) (5,000 )
At 31 December 2021 46,000 280,144 326,144
NET BOOK VALUE
At 31 December 2021 1,104,000 86,698 1,190,698
At 31 December 2020 1,127,000 42,299 1,169,299

Included in cost or valuation of land and buildings is freehold land of £ 575,000 (2020 - £ 575,000 ) which is not depreciated.

Cost or valuation at 31 December 2021 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 158,511 - 158,511
Cost 991,489 366,842 1,358,331
1,150,000 366,842 1,516,842

Thomas Guy Limited (Registered number: 00391085)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

If land and buildings had not been revalued it would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 991,489 991,489
Aggregate depreciation 416,425 396,596

Value of land in freehold land and buildings 575,000 575,000

Land and buildings were valued on a fair value basis on 31 December 2017 by the directors .

6. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 160,018 229,149
Other debtors 36,702 45,146
196,720 274,295

Amounts falling due after more than one year:
Other debtors 10,517 -

Aggregate amounts 207,237 274,295

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 10,000 50,000
Trade creditors 60,755 77,026
Taxation and social security 15,524 56,623
Other creditors 368,635 776,932
454,914 960,581

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans 34,167 -

9. RESERVES
Revaluation
reserve
£   
At 1 January 2021 155,341
Reclassification/transfer (3,171 )

At 31 December 2021 152,170