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REGISTERED NUMBER: SC384640 (Scotland)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

GUARD ARCHAEOLOGY LIMITED

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUARD ARCHAEOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: J A Atkinson
P A Macshannon
R P Toolis
W R Bailie





REGISTERED OFFICE: 19 Wellington Square
Ayr
KA7 1EZ





REGISTERED NUMBER: SC384640 (Scotland)





ACCOUNTANTS: McLay, McAlister & McGibbon LLP
145 St. Vincent Street
Glasgow
G2 5JF

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,107 69,164
45,107 69,164

CURRENT ASSETS
Stocks 1,872 1,500
Debtors 6 531,564 410,238
Cash at bank and in hand 521,449 650,897
1,054,885 1,062,635
CREDITORS
Amounts falling due within one year 7 394,486 459,797
NET CURRENT ASSETS 660,399 602,838
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,506

672,002

CREDITORS
Amounts falling due after more than one
year

8

(8,166

)

(14,567

)

PROVISIONS FOR LIABILITIES 11 (11,277 ) (13,141 )
NET ASSETS 686,063 644,294

CAPITAL AND RESERVES
Called up share capital 38,000 38,000
Capital redemption reserve 2,000 2,000
Retained earnings 646,063 604,294
SHAREHOLDERS' FUNDS 686,063 644,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

BALANCE SHEET - continued
31 DECEMBER 2022


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 29 September 2023 and were signed on its behalf by:





P A Macshannon - Director


GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

GUARD Archaeology Limited is a private company, limited by shares , registered in Scotland. 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. 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.

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
Where the fair value of net assets acquired exceeds the fair value of consideration given the difference is treated as negative goodwill. This is amortised over the period in which the lives of those assets acquired are written off.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - over 5 years

The company's policy is to review the remaining useful lives and residual value of all tangible assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

2. ACCOUNTING POLICIES - continued
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
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 54 (2021 - 54 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 (31,000 )
AMORTISATION
At 1 January 2022
and 31 December 2022 (31,000 )
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 -

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022 370,805
Additions 12,190
Disposals (5,500 )
At 31 December 2022 377,495
DEPRECIATION
At 1 January 2022 301,641
Charge for year 36,246
Eliminated on disposal (5,499 )
At 31 December 2022 332,388
NET BOOK VALUE
At 31 December 2022 45,107
At 31 December 2021 69,164

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 35,524
DEPRECIATION
At 1 January 2022 6,510
Charge for year 7,105
At 31 December 2022 13,615
NET BOOK VALUE
At 31 December 2022 21,909
At 31 December 2021 29,014

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 507,465 380,488
Other debtors 24,099 29,750
531,564 410,238

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts (see note 9) 7,000 7,600
Trade creditors 56,517 6,615
Taxation and social security 172,291 238,728
Other creditors 158,678 206,854
394,486 459,797

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts (see note 9) 8,166 14,567

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.22 31.12.21
£    £   
Net obligations repayable:
Within one year 7,000 7,600
Between one and five years 8,166 14,567
15,166 22,167

Non-cancellable operating leases
31.12.22 31.12.21
£    £   
Within one year 60,384 66,659
Between one and five years 30,100 90,484
90,484 157,143

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Hire purchase contracts 15,166 22,167

Hire purchase creditors are secured over the specific assets financed.

The company has a bank overdraft facility secured by a floating charge over the assets of the company.

GUARD ARCHAEOLOGY LIMITED (REGISTERED NUMBER: SC384640)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

11. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 11,277 13,141

Deferred
tax
£   
Balance at 1 January 2022 13,141
Credit to Income Statement during year (1,864 )
Balance at 31 December 2022 11,277