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Registration number: SC614405

Alex Guild Consulting Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Alex Guild Consulting Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Alex Guild Consulting Ltd

Company Information

Directors

Mr Alexander Guild

Ms Jill Washer

Registered office

Earnside Farmhouse
Dunning Glen
Dollar
FK14 7LB

Accountants

Ross McConnell
Chartered Accountants
3 High Street
Kinross
KY13 8AW

 

Alex Guild Consulting Ltd

(Registration number: SC614405)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed Assets

 

Tangible Assets

4

3,811

6,078

Current assets

 

Debtors

5

522

1,373

Cash at bank and in hand

 

334

4,339

 

856

5,712

Creditors: Amounts falling due within one year

6

(3,482)

(1,214)

Net current (liabilities)/assets

 

(2,626)

4,498

Net assets

 

1,185

10,576

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

1,085

10,476

Shareholders' funds

 

1,185

10,576

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................
Mr Alexander Guild
Director

 

Alex Guild Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Earnside Farmhouse
Dunning Glen
Dollar
FK14 7LB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

 

Alex Guild Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

Alex Guild Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible Assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

11,333

11,333

At 30 November 2023

11,333

11,333

Depreciation

At 1 December 2022

5,255

5,255

Charge for the year

2,267

2,267

At 30 November 2023

7,522

7,522

Carrying amount

At 30 November 2023

3,811

3,811

At 30 November 2022

6,078

6,078

5

Debtors

Current

2023
£

2022
£

Other debtors

522

1,373

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Director's loan account

2,682

414

Accruals and deferred income

 

800

800

 

3,482

1,214

 

Alex Guild Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100