The National Guild Of Removers & Storers Limited |
Registered Number:02632547 |
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
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
The National Guild Of Removers & Storers Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
5,600
7,192
3
1
1
4
5,601
7,193
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
200
200
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. |
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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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. |
63 High Road
Bushey Heath
Hertfordshire
WD23 1EE
The presentation currency is £ sterling. |
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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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 |
127,907
241
128,148
Provision for depreciation and impairment |
120,715
Charge for year
1,833
122,548
5,600
7,192
4. Investments held as fixed assets |
Shares in group and participating interests |
1
1
1
1
1
1
1
1
5. Trade and other receivables |
2022
2023
110,650
59,058
Amounts owed by group undertakings and participating interests |
2,157
-
Prepayments and accrued income |
26,138
20,564
205,260
4,943
84,565
344,205
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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
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
12,442
1,146
77,278
73,735
224,267
181,273
7. Directors advances and guarantees |
Loaned
Repaid
Interest
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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