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REGISTERED NUMBER: 07536095 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

The Old Guinea Trading Company Limited

The Old Guinea Trading Company Limited (Registered number: 07536095)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

The Old Guinea Trading Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs S Johnson





REGISTERED OFFICE: Unit 96
The Maltings Business Centre
The Maltings
Stanstead Abbotts
Hertfordshire
SG12 8HG





REGISTERED NUMBER: 07536095 (England and Wales)





ACCOUNTANTS: Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG

The Old Guinea Trading Company Limited (Registered number: 07536095)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 312,861 317,517

CURRENT ASSETS
Stocks 9,050 9,050
Cash at bank and in hand 632,725 596,697
641,775 605,747
CREDITORS
Amounts falling due within one year 5 209,388 238,717
NET CURRENT ASSETS 432,387 367,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,248

684,547

PROVISIONS FOR LIABILITIES 18,405 21,401
NET ASSETS 726,843 663,146

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 726,743 663,046
SHAREHOLDERS' FUNDS 726,843 663,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Old Guinea Trading Company Limited (Registered number: 07536095)

Statement of Financial Position - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 August 2024 and were signed by:





Mrs S Johnson - Director


The Old Guinea Trading Company Limited (Registered number: 07536095)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Old Guinea Trading Company 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.
Plant and machinery etc - 25% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

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.

The Old Guinea Trading Company Limited (Registered number: 07536095)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 504,297
Additions 38,354
At 31 March 2024 542,651
DEPRECIATION
At 1 April 2023 186,780
Charge for year 43,010
At 31 March 2024 229,790
NET BOOK VALUE
At 31 March 2024 312,861
At 31 March 2023 317,517

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2 -
Trade creditors 113,749 96,078
Tax 24,812 -
Social security and other taxes - 12,680
VAT 61,332 31,345
Directors' current accounts 476 227
Accrued expenses 9,017 98,387
209,388 238,717

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S Johnson.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Old Guinea Trading Company Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Old Guinea Trading Company Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Old Guinea Trading Company Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Old Guinea Trading Company Limited and state those matters that we have agreed to state to the director of The Old Guinea Trading Company Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Old Guinea Trading Company Limited and its director for our work or for this report.

It is your duty to ensure that The Old Guinea Trading Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Old Guinea Trading Company Limited. You consider that The Old Guinea Trading Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Old Guinea Trading Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hall & Co Accountancy Ltd
Unit 96 The Maltings
Stanstead Abbotts
Ware
Hertfordshire
SG12 8HG



Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Old Guinea Trading Company Limited

2 August 2024