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REGISTERED NUMBER: 08515150 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

GUIDING LIGHT ENVIRONMENTAL LIMITED

GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUIDING LIGHT ENVIRONMENTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: B W Brazier





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 08515150 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 532 861

CURRENT ASSETS
Debtors 5 11,722 2,103
Cash at bank 16,246 30,095
27,968 32,198
CREDITORS
Amounts falling due within one year 6 18,234 18,674
NET CURRENT ASSETS 9,734 13,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,266

14,385

CREDITORS
Amounts falling due after more than one
year

7

(9,667

)

(13,667

)

PROVISIONS FOR LIABILITIES 9 (101 ) (164 )
NET ASSETS 498 554

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 398 454
SHAREHOLDERS' FUNDS 498 554

GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)

BALANCE SHEET - continued
31 MAY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2024 and were signed by:





B W Brazier - Director


GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Guiding Light Environmental 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 988
DEPRECIATION
At 1 June 2022 127
Charge for year 329
At 31 May 2023 456
NET BOOK VALUE
At 31 May 2023 532
At 31 May 2022 861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,608 1,714
VAT - 389
Prepayments and accrued income 1,114 -
11,722 2,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 4,000 4,000
Tax 8,280 4,853
Social security and other taxes 431 -
VAT 1,119 -
Directors' current accounts 2,804 8,372
Accrued expenses 1,600 1,449
18,234 18,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 9,667 13,667

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,000 4,000

GUIDING LIGHT ENVIRONMENTAL LIMITED (REGISTERED NUMBER: 08515150)

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

8. LOANS - continued
2023 2022
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 4,000 4,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,667 9,667

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 101 164

Deferred
tax
£   
Balance at 1 June 2022 164
Provided during year (63 )
Balance at 31 May 2023 101

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

11. ULTIMATE CONTROLLING PARTY

The controlling party is B W Brazier.