2022-08-012023-07-312023-07-31false12746707GUILDEN VENTURES 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GUILDEN VENTURES LIMITED

Registered Number
12746707
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

GUILDEN VENTURES LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

M W Smith
J M Smith

Registered Address

The Old Vicarage
2 Church Street
Guilden Morden
SG8 0JD

Registered Number

12746707 (England and Wales)
GUILDEN VENTURES LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,5144,685
3,5144,685
Current assets
Debtors11,1638,112
Cash at bank and on hand1,210253
12,3738,365
Creditors amounts falling due within one year5(2,063)-
Net current assets (liabilities)10,3108,365
Total assets less current liabilities13,82413,050
Provisions for liabilities6(668)(890)
Net assets13,15612,160
Capital and reserves
Called up share capital100100
Profit and loss account13,05612,060
Shareholders' funds13,15612,160
The financial statements were approved and authorised for issue by the Board of Directors on 20 March 2024, and are signed on its behalf by:
M W Smith
Director
Registered Company No. 12746707
GUILDEN VENTURES LIMITED
Notes to the Financial Statements
for the year ended 31 July 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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
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 sale of goods and from the rendering of services.
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 in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment25
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 August 228,2008,200
At 31 July 238,2008,200
Depreciation and impairment
At 01 August 223,5153,515
Charge for year1,1711,171
At 31 July 234,6864,686
Net book value
At 31 July 233,5143,514
At 31 July 224,6854,685
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables3,050-
Other debtors8,1138,112
Total11,1638,112
5.Creditors: amounts due within one year

2023

2022

££
Taxation and social security992-
Other creditors171-
Accrued liabilities and deferred income900-
Total2,063-
6.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)668890
Total668890