IRIS Accounts Production v23.2.0.158 06921125 Board of Directors 1.4.22 31.3.23 31.3.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069211252022-03-31069211252023-03-31069211252022-04-012023-03-31069211252021-03-31069211252021-04-012022-03-31069211252022-03-3106921125ns10:Originalns15:EnglandWales2022-04-012023-03-3106921125ns14:PoundSterlingns10:Original2022-04-012023-03-3106921125ns10:Originalns10:Director12022-04-012023-03-3106921125ns10:Original2022-04-012023-03-3106921125ns10:Original2023-03-3106921125ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106921125ns10:Originalns10:SmallEntities2022-04-012023-03-3106921125ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106921125ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106921125ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106921125ns10:Originalns10:FullAccounts2022-04-012023-03-3106921125ns10:Original2021-04-012022-03-3106921125ns10:Originalns10:Director22022-04-012023-03-3106921125ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106921125ns10:Original2022-03-3106921125ns10:Originalns5:CurrentFinancialInstruments2023-03-3106921125ns10:Originalns5:CurrentFinancialInstruments2022-03-3106921125ns5:ShareCapitalns10:Original2023-03-3106921125ns5:ShareCapitalns10:Original2022-03-3106921125ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106921125ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106921125ns10:Originalns5:PlantMachinery2022-04-012023-03-3106921125ns10:Originalns5:FurnitureFittings2022-04-012023-03-3106921125ns10:Originalns5:ComputerEquipment2022-04-012023-03-3106921125ns10:Originalns5:PlantMachinery2022-03-3106921125ns10:Originalns5:FurnitureFittings2022-03-3106921125ns10:Originalns5:ComputerEquipment2022-03-3106921125ns10:Original2022-03-3106921125ns10:Originalns5:PlantMachinery2023-03-3106921125ns10:Originalns5:FurnitureFittings2023-03-3106921125ns10:Originalns5:ComputerEquipment2023-03-3106921125ns10:Originalns5:PlantMachinery2022-03-3106921125ns10:Originalns5:FurnitureFittings2022-03-3106921125ns10:Originalns5:ComputerEquipment2022-03-3106921125ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106921125ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31
REGISTERED NUMBER: 06921125 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

GUILLOTINE SOLUTIONS LIMITED

GUILLOTINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06921125)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUILLOTINE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: J B Ogden
Mrs S Ogden





REGISTERED OFFICE: Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA





REGISTERED NUMBER: 06921125 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

GUILLOTINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06921125)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,564 1,473

CURRENT ASSETS
Debtors 5 57,681 30,304
Cash at bank 948 36,887
58,629 67,191
CREDITORS
Amounts falling due within one year 6 40,655 51,439
NET CURRENT ASSETS 17,974 15,752
TOTAL ASSETS LESS CURRENT LIABILITIES 19,538 17,225

PROVISIONS FOR LIABILITIES 273 250
NET ASSETS 19,265 16,975

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,165 16,875
SHAREHOLDERS' FUNDS 19,265 16,975

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

GUILLOTINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06921125)

BALANCE SHEET - continued
31ST MARCH 2023


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 10th November 2023 and were signed on its behalf by:





J B Ogden - Director


GUILLOTINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06921125)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Guillotine Solutions 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.

Turnover
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. None of the company`s turnover relates to exports.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

GUILLOTINE SOLUTIONS LIMITED (REGISTERED NUMBER: 06921125)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st April 2022 3,000 8,000 1,078 12,078
Additions 595 - - 595
At 31st March 2023 3,595 8,000 1,078 12,673
DEPRECIATION
At 1st April 2022 2,921 6,606 1,078 10,605
Charge for year 156 348 - 504
At 31st March 2023 3,077 6,954 1,078 11,109
NET BOOK VALUE
At 31st March 2023 518 1,046 - 1,564
At 31st March 2022 79 1,394 - 1,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,569 30,304
Amounts owed by group undertakings 24,802 -
Other debtors 4,310 -
57,681 30,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,606 -
Trade creditors 5,080 659
Taxation and social security 14,012 25,657
Other creditors 19,957 25,123
40,655 51,439

7. RELATED PARTY DISCLOSURES

Included within other creditors is a balance relating to the directors loan account of £302. (2022: £468 ).
This loan is interest free and has no repayment terms.

8. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties by virtue of their share holdings.