2022-08-01 02632547 2023-07-31 02632547 2022-08-01 2023-07-31 02632547 2022-07-31 02632547 2021-08-01 2022-07-31 02632547 uk-core:WithinOneYear 2022-07-31 02632547 uk-core:WithinOneYear 2023-07-31 02632547 uk-core:ShareCapital 2023-07-31 02632547 uk-core:ShareCapital 2022-07-31 02632547 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 02632547 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 02632547 uk-bus:Director1 2022-08-01 2023-07-31 02632547 uk-core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 02632547 uk-core:CostValuation 2022-07-31 02632547 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-07-31 02632547 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-07-31 02632547 uk-core:CostValuation 2023-07-31 02632547 uk-core:Non-currentFinancialInstruments 2023-07-31 02632547 uk-core:Non-currentFinancialInstruments 2022-07-31 02632547 3 uk-bus:Director4 2022-08-01 2023-07-31 02632547 3 uk-bus:Director4 2022-07-31 02632547 3 uk-bus:Director4 2023-07-31 iso4217:GBP xbrli:pure 02632547 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 02632547 uk-bus:FRS102 2022-08-01 2023-07-31 02632547 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 02632547 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
The National Guild Of Removers & Storers Limited
Registered Number:02632547
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
The National Guild Of Removers & Storers Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
02632547
As at 31 July 2023
The National Guild Of Removers & Storers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
5,600
7,192
3
Financial assets
1
1
4
5,601
7,193
Current assets
Trade and other receivables
84,565
344,205
5
262,661
Cash and cash equivalents
127,696
471,901
347,226
Trade and other payables: amounts falling due within one
year
(181,273)
(224,267)
6
165,953
247,634
Net current assets
Total assets less current liabilities
253,235
173,146
(525)
(609)
Provisions for liabilities
252,710
Net assets
172,537
Capital and reserves
Called up share capital
200
200
Retained earnings
252,510
172,337
252,710
172,537
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
G A Salt Director
These financial statements were approved and authorised for issue by the Board on 03 April 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements
Statutory Information
The National Guild Of Removers & Storers Limited is a private limited company, limited by shares, domiciled in
England and Wales, registration number 02632547.
Registered address:
63 High Road
Bushey Heath
Hertfordshire
WD23 1EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% and 20% Reducing balance
Fixtures and fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the
contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction
price.
Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future payments discounted at a
market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity
instruments are recognised as liabilities once they are no longer at the discretion of the company.
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5
For the year ended 31 July 2023
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 August 2022
127,907
241
Additions
At 31 July 2023
128,148
Provision for depreciation and impairment
At 01 August 2022
120,715
Charge for year
1,833
At 31 July 2023
122,548
At 31 July 2023
Net book value
5,600
At 31 July 2022
7,192
4. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 August 2022
1
1
Cost
£
£
At 31 July 2023
1
1
At 31 July 2023
Net book value
1
1
At 01 August 2022
1
1
5. Trade and other receivables
2022
2023
£
£
Trade debtors
110,650
59,058
Amounts owed by group undertakings and participating interests
2,157
-
Prepayments and accrued income
26,138
20,564
Other debtors
205,260
4,943
84,565
344,205
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6
For the year ended 31 July 2023
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
18,743
40,426
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
1
1
Taxation and social security
58,709
41,807
Accruals and deferred income
57,094
24,158
Directors' loan accounts
12,442
1,146
Other creditors
77,278
73,735
224,267
181,273
7. Directors advances and guarantees
Loaned
Repaid
Interest
At 01/08/2022
At 31/07/2023
£
£
£
£
£
G A Salt
Director's Loan Account
(1,146)
(12,443)
32,561
44,229
372
(1,146)
(12,443)
32,561
44,229
372
The overdrawn director's current account was unsecured and repayable on demand. Interest was charged at the rate
of 2% and 2.25%.
8. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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