2023-01-012023-12-312023-12-31false10511590GUILDFORD ACCOUNTING SERVICES LIMITED2024-02-20iso4217:GBPxbrli:pure105115902023-01-01105115902023-12-31105115902023-01-012023-12-31105115902022-01-01105115902022-12-31105115902022-01-012022-12-3110511590bus:SmallEntities2023-01-012023-12-3110511590bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3110511590bus:FullAccounts2023-01-012023-12-3110511590bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110511590core:WithinOneYear2023-12-3110511590core:AfterOneYear2023-12-3110511590core:WithinOneYear2022-12-3110511590core:AfterOneYear2022-12-3110511590core:ShareCapital2023-12-3110511590core:SharePremium2023-12-3110511590core:RevaluationReserve2023-12-3110511590core:OtherReservesSubtotal2023-12-3110511590core:RetainedEarningsAccumulatedLosses2023-12-3110511590core:ShareCapital2022-12-3110511590core:SharePremium2022-12-3110511590core:RevaluationReserve2022-12-3110511590core:OtherReservesSubtotal2022-12-3110511590core:RetainedEarningsAccumulatedLosses2022-12-3110511590core:LandBuildings2023-12-3110511590core:PlantMachinery2023-12-3110511590core:Vehicles2023-12-3110511590core:FurnitureFittings2023-12-3110511590core:OfficeEquipment2023-12-3110511590core:NetGoodwill2023-12-3110511590core:IntangibleAssetsOtherThanGoodwill2023-12-3110511590core:ListedExchangeTraded2023-12-3110511590core:UnlistedNon-exchangeTraded2023-12-3110511590core:LandBuildings2022-12-3110511590core:PlantMachinery2022-12-3110511590core:Vehicles2022-12-3110511590core:FurnitureFittings2022-12-3110511590core:OfficeEquipment2022-12-3110511590core:NetGoodwill2022-12-3110511590core:IntangibleAssetsOtherThanGoodwill2022-12-3110511590core:ListedExchangeTraded2022-12-3110511590core:UnlistedNon-exchangeTraded2022-12-3110511590core:LandBuildings2023-01-012023-12-3110511590core:PlantMachinery2023-01-012023-12-3110511590core:Vehicles2023-01-012023-12-3110511590core:FurnitureFittings2023-01-012023-12-3110511590core:OfficeEquipment2023-01-012023-12-3110511590core:NetGoodwill2023-01-012023-12-3110511590core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110511590core:ListedExchangeTraded2023-01-012023-12-3110511590core:UnlistedNon-exchangeTraded2023-01-012023-12-3110511590core:MoreThanFiveYears2023-01-012023-12-3110511590core:Non-currentFinancialInstruments2023-12-3110511590core:Non-currentFinancialInstruments2022-12-3110511590dpl:CostSales2023-01-012023-12-3110511590dpl:DistributionCosts2023-01-012023-12-3110511590core:LandBuildings2023-01-012023-12-3110511590core:PlantMachinery2023-01-012023-12-3110511590core:Vehicles2023-01-012023-12-3110511590core:FurnitureFittings2023-01-012023-12-3110511590core:OfficeEquipment2023-01-012023-12-3110511590dpl:AdministrativeExpenses2023-01-012023-12-3110511590core:NetGoodwill2023-01-012023-12-3110511590core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110511590dpl:GroupUndertakings2023-01-012023-12-3110511590dpl:ParticipatingInterests2023-01-012023-12-3110511590dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3110511590core:ListedExchangeTraded2023-01-012023-12-3110511590dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3110511590core:UnlistedNon-exchangeTraded2023-01-012023-12-3110511590dpl:CostSales2022-01-012022-12-3110511590dpl:DistributionCosts2022-01-012022-12-3110511590core:LandBuildings2022-01-012022-12-3110511590core:PlantMachinery2022-01-012022-12-3110511590core:Vehicles2022-01-012022-12-3110511590core:FurnitureFittings2022-01-012022-12-3110511590core:OfficeEquipment2022-01-012022-12-3110511590dpl:AdministrativeExpenses2022-01-012022-12-3110511590core:NetGoodwill2022-01-012022-12-3110511590core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110511590dpl:GroupUndertakings2022-01-012022-12-3110511590dpl:ParticipatingInterests2022-01-012022-12-3110511590dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110511590core:ListedExchangeTraded2022-01-012022-12-3110511590dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110511590core:UnlistedNon-exchangeTraded2022-01-012022-12-3110511590core:NetGoodwill2023-12-3110511590core:IntangibleAssetsOtherThanGoodwill2023-12-3110511590core:LandBuildings2023-12-3110511590core:PlantMachinery2023-12-3110511590core:Vehicles2023-12-3110511590core:FurnitureFittings2023-12-3110511590core:OfficeEquipment2023-12-3110511590core:AfterOneYear2023-12-3110511590core:WithinOneYear2023-12-3110511590core:ListedExchangeTraded2023-12-3110511590core:UnlistedNon-exchangeTraded2023-12-3110511590core:ShareCapital2023-12-3110511590core:SharePremium2023-12-3110511590core:RevaluationReserve2023-12-3110511590core:OtherReservesSubtotal2023-12-3110511590core:RetainedEarningsAccumulatedLosses2023-12-3110511590core:NetGoodwill2022-12-3110511590core:IntangibleAssetsOtherThanGoodwill2022-12-3110511590core:LandBuildings2022-12-3110511590core:PlantMachinery2022-12-3110511590core:Vehicles2022-12-3110511590core:FurnitureFittings2022-12-3110511590core:OfficeEquipment2022-12-3110511590core:AfterOneYear2022-12-3110511590core:WithinOneYear2022-12-3110511590core:ListedExch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GUILDFORD ACCOUNTING SERVICES LIMITED

Registered Number
10511590
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

GUILDFORD ACCOUNTING SERVICES LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

CORNELL, Tatyana

Registered Address

15 Little Street
Guildford
GU2 9QG

Registered Number

10511590 (England and Wales)
GUILDFORD ACCOUNTING SERVICES LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,6883,100
3,6883,100
Current assets
Stocks430,000-
Debtors19,65019,997
Cash at bank and on hand15,64814,221
65,29834,218
Creditors amounts falling due within one year5(20,320)(10,144)
Net current assets (liabilities)44,97824,074
Total assets less current liabilities48,66627,174
Creditors amounts falling due after one year6(5,969)-
Net assets42,69727,174
Capital and reserves
Called up share capital100100
Profit and loss account42,59727,074
Shareholders' funds42,69727,174
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
CORNELL, Tatyana
Director
Registered Company No. 10511590
GUILDFORD ACCOUNTING SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20232022
Average number of employees during the year23
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 234,0814,081
Additions1,4571,457
At 31 December 235,5385,538
Depreciation and impairment
At 01 January 23981981
Charge for year869869
At 31 December 231,8501,850
Net book value
At 31 December 233,6883,688
At 31 December 223,1003,100
4.Stocks

2023

2022

££
Work in progress30,000-
Total30,000-
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables10,9404,062
Bank borrowings and overdrafts482614
Taxation and social security8,8985,468
Total20,32010,144
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts5,969-
Total5,969-