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Registration number: 07825843

The International Guild Of Battlefield Guides Limited

Annual Report and Financial Statements

for the Year Ended 31 March 2022

 

The International Guild Of Battlefield Guides Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

The International Guild Of Battlefield Guides Limited

Company Information



 

Directors

Mr Christopher John Finn

Mr Timothy John Stoneman

Mr David James Harvey

Mr Marc Silvanus Dorey Yates

Mr Ian Royston Gumm

Registered office

The Tax Partnership
2 Cheapside
Derby
Derbyshire
DE1 1BR

Accountants

The TAX Partnership (Derby) Limited
2 Cheapside
Derby
Derbyshire
DE1 1BR

 

The International Guild Of Battlefield Guides Limited

(Registration number: 07825843)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Intangible assets

4

791

2,373

Current assets

 

Stocks

6

2,328

2,600

Debtors

7

8,287

173

Cash at bank and in hand

 

42,213

26,023

 

52,828

28,796

Creditors: Amounts falling due within one year

8

(31,355)

(17,275)

Net current assets

 

21,473

11,521

Net assets

 

22,264

13,894

Capital and reserves

 

Profit and loss account

22,264

13,894

Shareholders' funds

 

22,264

13,894

 

The International Guild Of Battlefield Guides Limited

(Registration number: 07825843)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 August 2022 and signed on its behalf by:
 

.........................................

Mr Ian Royston Gumm
Director

 

The International Guild Of Battlefield Guides Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Tax Partnership
2 Cheapside
Derby
Derbyshire
DE1 1BR
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The International Guild Of Battlefield Guides Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Asset class

Depreciation method and rate

Office equipment

33.3% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website

Over 5 years on a straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

The International Guild Of Battlefield Guides Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2021 - 6).

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 April 2021

7,910

7,910

At 31 March 2022

7,910

7,910

Amortisation

At 1 April 2021

5,537

5,537

Amortisation charge

1,582

1,582

At 31 March 2022

7,119

7,119

Carrying amount

At 31 March 2022

791

791

At 31 March 2021

2,373

2,373

 

The International Guild Of Battlefield Guides Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

5

Tangible assets

Office equipment
 £

Total
£

Cost or valuation

At 1 April 2021

440

440

At 31 March 2022

440

440

Depreciation

At 1 April 2021

440

440

At 31 March 2022

440

440

Carrying amount

At 31 March 2022

-

-

6

Stocks

2022
£

2021
£

Other inventories

2,328

2,600

7

Debtors

2022
£

2021
£

Prepayments

8,287

171

Other debtors

-

2

8,287

173

 

The International Guild Of Battlefield Guides Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

8

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

16,460

688

Other creditors

14,895

16,587

31,355

17,275