IRIS Accounts Production v23.3.1.45 03794132 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false Ordinary 1.00000 160898 171433 154687 160898 160898 171433 154687 160898 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037941322022-08-31037941322023-08-31037941322022-09-012023-08-31037941322021-08-31037941322021-09-012022-08-31037941322022-08-3103794132ns10:Originalns15:EnglandWales2022-09-012023-08-3103794132ns14:PoundSterlingns10:Original2022-09-012023-08-3103794132ns10:Originalns10:Director12022-09-012023-08-3103794132ns10:Original2022-09-012023-08-3103794132ns10:Original2023-08-3103794132ns10:Originalns10:PrivateLimitedCompanyLtd2022-09-012023-08-3103794132ns10:Originalns10:SmallEntities2022-09-012023-08-3103794132ns10:Originalns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3103794132ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3103794132ns10:SmallCompaniesRegimeForAccountsns10:Original2022-09-012023-08-3103794132ns10:Originalns10:FullAccounts2022-09-012023-08-3103794132ns10:Original12022-09-012023-08-3103794132ns10:Originalns10:OrdinaryShareClass12022-09-012023-08-3103794132ns10:Original42ns10:Director22022-08-3103794132ns10:Original42ns10:Director22021-08-3103794132ns10:Original42ns10:Director22022-09-012023-08-3103794132ns10:Original42ns10:Director22021-09-012022-08-3103794132ns10:Original42ns10:Director22023-08-3103794132ns10:Original42ns10:Director22022-08-3103794132ns10:Original2022-08-3103794132ns10:Originalns5:CurrentFinancialInstruments2023-08-3103794132ns10:Originalns5:CurrentFinancialInstruments2022-08-3103794132ns10:Originalns5:Non-currentFinancialInstruments2023-08-3103794132ns10:Originalns5:Non-currentFinancialInstruments2022-08-3103794132ns5:ShareCapitalns10:Original2023-08-3103794132ns5:ShareCapitalns10:Original2022-08-3103794132ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-08-3103794132ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-08-3103794132ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-09-012023-08-3103794132ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-09-012023-08-3103794132ns10:Originalns5:PlantMachinery2022-09-012023-08-3103794132ns10:Originalns5:FurnitureFittings2022-09-012023-08-3103794132ns10:Original2021-09-012022-08-3103794132ns10:Originalns5:NetGoodwill2022-08-3103794132ns10:Originalns5:NetGoodwill2023-08-3103794132ns10:Originalns5:NetGoodwill2022-08-3103794132ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3103794132ns10:Originalns5:PlantMachinery2022-08-3103794132ns10:Originalns5:FurnitureFittings2022-08-3103794132ns10:Original2022-08-3103794132ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-08-3103794132ns10:Originalns5:PlantMachinery2023-08-3103794132ns10:Originalns5:FurnitureFittings2023-08-3103794132ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-3103794132ns10:Originalns5:PlantMachinery2022-08-3103794132ns10:Originalns5:FurnitureFittings2022-08-3103794132ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3103794132ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3103794132ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-08-3103794132ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-08-3103794132ns10:Originalns5:DeferredTaxation2022-08-3103794132ns10:Originalns5:DeferredTaxation2022-09-012023-08-3103794132ns10:Originalns5:DeferredTaxation2023-08-3103794132ns10:Originalns10:OrdinaryShareClass12023-08-3103794132ns10:Originalns10:Director22022-09-012023-08-3103794132ns10:Original1ns10:Director12022-08-3103794132ns10:Original1ns10:Director12021-08-3103794132ns10:Original1ns10:Director12022-09-012023-08-3103794132ns10:Original1ns10:Director12021-09-012022-08-3103794132ns10:Original1ns10:Director12023-08-3103794132ns10:Original1ns10:Director12022-08-31
REGISTERED NUMBER: 03794132 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GUAGGENTI LTD

GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

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










Page

Balance sheet 1

Notes to the financial statements 3


GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 7,542 9,006
7,542 9,006

Current assets
Stocks 2,000 2,000
Debtors 6 155,904 161,166
Cash at bank and in hand 277,905 194,200
435,809 357,366
Creditors
Amounts falling due within one year 7 97,050 89,562
Net current assets 338,759 267,804
Total assets less current liabilities 346,301 276,810

Creditors
Amounts falling due after more than one year 8 (19,911 ) (29,888 )

Provisions for liabilities 9 (1,584 ) (1,711 )
Net assets 324,806 245,211

Capital and reserves
Called up share capital 10 100 100
Retained earnings 324,706 245,111
Shareholders' funds 324,806 245,211

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

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

GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

BALANCE SHEET - continued
31 AUGUST 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2024 and were signed on its behalf by:





Mr A Guaggenti - Director


GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

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


1. Statutory information

Guaggenti Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03794132. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH, and business address is Topogigio, Mill Court, Mill Lane, Wimborne, Dorset, BH21 1LN.

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 represents income generated from restaurant sales, net of VAT where applicable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 9 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Government grants
Using the accrual basis government grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants which become receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

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


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2022
and 31 August 2023 67,000
Amortisation
At 1 September 2022
and 31 August 2023 67,000
Net book value
At 31 August 2023 -
At 31 August 2022 -

5. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1 September 2022 5,997 33,690 35,281 74,968
Additions - 1,050 - 1,050
At 31 August 2023 5,997 34,740 35,281 76,018
Depreciation
At 1 September 2022 5,997 28,632 31,333 65,962
Charge for year - 1,527 987 2,514
At 31 August 2023 5,997 30,159 32,320 68,476
Net book value
At 31 August 2023 - 4,581 2,961 7,542
At 31 August 2022 - 5,058 3,948 9,006

GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

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


6. Debtors: amounts falling due within one year
2023 2022
£    £   
Directors' current accounts 154,687 160,898
Prepayments 1,217 268
155,904 161,166

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Other loans 10,014 9,805
Trade creditors 7,603 7,398
Tax 44,897 40,260
Social security and other taxes 370 167
Pensions creditor 243 182
Wages creditor 1,458 1,139
VAT 24,946 23,351
Other creditors 2,904 2,755
Accruals and deferred income 4,615 4,505
97,050 89,562

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other loans - 1-2 years 10,226 10,014
Other loans - 2-5 years 9,685 19,874
19,911 29,888

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 1,584 1,711

Deferred
tax
£   
Balance at 1 September 2022 1,711
Credit to Income statement during year (127 )
Balance at 31 August 2023 1,584

10. Called up share capital

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

GUAGGENTI LTD (REGISTERED NUMBER: 03794132)

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


11. Directors' advances, credits and guarantees

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

2023 2022
£    £   
Mr A Guaggenti and Mrs L Guaggenti
Balance outstanding at start of year 160,898 171,433
Amounts advanced 154,687 160,898
Amounts repaid (160,898 ) (171,433 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 154,687 160,898

At the balance sheet date, the directors, Mr and Mrs Guaggenti, owed the company £154,687 (2022: £160.898) this is included within debtors.

The balance at the start of the year was the maximum amount outstanding at any point throughout the year.

The amount outstanding at the year end was repaid in full within nine months of the balance sheet date.

12. Ultimate controlling party

The company is under the control of its directors, Mr & Mrs Guaggenti, who between them own 100% of the issued share capital.