Guardian Maintenance Limited
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Company registration number 07102174
Date
Approval date of the accounts by the board 30/09/2024
Date
Date of signing on the audit/accountants report
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Mr N M Wilson
Or, name of secretary
Name of director signing balance sheet Mr N M Wilson
Address of registered office:
Address line 1 5A The Hollows
Address line 2 Winslow Road
City or town Little Horwood
County or region Milton Keynes
Postcode MK17 0PD
Name of senior statutory auditor
Name of auditors/accountants Niels Kearney BSC Hons. FMAAT
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 40 Kilpin Green
Address line 2 North Crawley
City or town Newport Pagnell
County or region Bucks
Postcode MK16 9LY
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 2 2
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
Historical cost of fixed asset investments £ £
Investments in subsidiaries
Other investments
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Registered number
07102174
Guardian Maintenance Limited
Filleted Accounts
31 March 2024
Guardian Maintenance Limited
Registered number: 07102174
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 16,567 22,090
Current assets
Debtors 4 64,764 95,635
Cash at bank and in hand - 25,263
64,764 120,898
Creditors: amounts falling due within one year 5 (59,347) (33,029)
Net current assets 5,417 87,869
Net assets 21,984 109,959
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,884 109,859
Shareholder's funds 21,984 109,959
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N M Wilson
Director
Approved by the board on 30 September 2024
Guardian Maintenance Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office Equipment Plant and equipment etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 1,916 11,363 53,839 67,118
At 31 March 2024 1,916 11,363 53,839 67,118
Depreciation
At 1 April 2023 838 4,867 39,323 45,028
Charge for the year 270 1,624 3,629 5,523
At 31 March 2024 1,108 6,491 42,952 50,551
Net book value
At 31 March 2024 808 4,872 10,887 16,567
At 31 March 2023 1,078 6,496 14,516 22,090
4 Debtors 2024 2023
£ £
Trade debtors 64,764 95,635
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,692 -
Trade creditors - 3,294
Corporation tax 50,265 19,258
Other taxes and social security costs 4,023 8,774
Directors current account 247 223
Other creditors 1,120 1,480
59,347 33,029
6 Other information
Guardian Maintenance Limited is a private company limited by shares and incorporated in England. Its registered office is:
5A The Hollows
Winslow Road
Little Horwood
Milton Keynes
MK17 0PD
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