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REGISTERED NUMBER: 05833986 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Guardian Waterproofing Limited

Guardian Waterproofing Limited (Registered number: 05833986)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Guardian Waterproofing Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T D Herbert
Mrs H K Herbert



REGISTERED OFFICE: 77b Queens Road
Cheltenham
GL50 2NH



REGISTERED NUMBER: 05833986 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
19 Eastgate Street
Gloucester
Gloucestershire
GL1 1NU

Guardian Waterproofing Limited (Registered number: 05833986)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,264 121,252

CURRENT ASSETS
Stocks 12,213 1,908
Debtors 5 200,602 48,544
Cash at bank 14,570 112,756
227,385 163,208
CREDITORS
Amounts falling due within one year 6 90,330 66,337
NET CURRENT ASSETS 137,055 96,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,319

218,123

CREDITORS
Amounts falling due after more than one
year

7

(36,717

)

(48,678

)

PROVISIONS FOR LIABILITIES (30,066 ) -
NET ASSETS 190,536 169,445

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 190,532 169,441
SHAREHOLDERS' FUNDS 190,536 169,445

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

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

Guardian Waterproofing Limited (Registered number: 05833986)

Statement of Financial Position - continued
31 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 30 October 2023 and were signed on its behalf by:





T D Herbert - Director


Guardian Waterproofing Limited (Registered number: 05833986)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Guardian Waterproofing 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Guardian Waterproofing Limited (Registered number: 05833986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2022 34,340 647 161,861 1,107 197,955
Additions 708 159 24,850 5,917 31,634
Disposals (804 ) (647 ) (9,450 ) (179 ) (11,080 )
At 31 March 2023 34,244 159 177,261 6,845 218,509
Depreciation
At 1 April 2022 15,773 129 60,499 302 76,703
Charge for year 3,855 136 24,926 1,344 30,261
Eliminated on disposal (506 ) (233 ) (7,865 ) (115 ) (8,719 )
At 31 March 2023 19,122 32 77,560 1,531 98,245
Net book value
At 31 March 2023 15,122 127 99,701 5,314 120,264
At 31 March 2022 18,567 518 101,362 805 121,252

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 37,312 47,598
Other debtors 163,290 946
200,602 48,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 6,000 -
Trade creditors 26,456 33,567
Taxation and social security 38,119 27,735
Other creditors 19,755 5,035
90,330 66,337

Guardian Waterproofing Limited (Registered number: 05833986)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 36,717 48,678

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/3/23 31/3/22
£    £   
Within one year 5,835 -
Between one and five years 4,377 -
10,212 -

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
T D Herbert and Mrs H K Herbert
Balance outstanding at start of year - -
Amounts advanced 166,068 -
Amounts repaid (114,731 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,337 -

Interest was charged on the above loan to the directors at the HMRC official rate, totalling £1,784 in the year (2022 - £Nil). The loan has no fixed repayment terms.

10. RELATED PARTY DISCLOSURES

Guardian Preservation Services LLP
Designated members being T D Herbert and Mrs H K Herbert

During the year, the LLP provided surveying services to the company totalling £20,000 (2022 - £Nil).

The company has loaned funds to the LLP during the year. At 31 March 2023, the LLP owed the company £97,380 (2022 - £Nil). The loan is interest free and has no fixed repayment terms.