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Registered number: 10926543
Guynan Associates Limited
Financial Statements
For the Period 1 January 2024 to 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10926543
30 September 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 - 38,586
- 38,586
CURRENT ASSETS
Debtors 5 - 5,980
Cash at bank and in hand - 2,747
- 8,727
Creditors: Amounts Falling Due Within One Year 6 (11,154 ) (21,484 )
NET CURRENT ASSETS (LIABILITIES) (11,154 ) (12,757 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,154 ) 25,829
Creditors: Amounts Falling Due After More Than One Year 7 - (34,783 )
NET LIABILITIES (11,154 ) (8,954 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (11,155 ) (8,955 )
SHAREHOLDERS' FUNDS (11,154) (8,954)
Page 1
Page 2
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Guynan
Director
6 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Guynan Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10926543 . The registered office is 3 Albury Square, The Park, Nottinghamshire, NG7 1AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% Straight Line
Computer Equipment 20% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 63,975 2,926 66,901
Disposals (63,975 ) - (63,975 )
As at 30 September 2024 - 2,926 2,926
Depreciation
As at 1 January 2024 25,590 2,725 28,315
Provided during the period - 201 201
Disposals (25,590 ) - (25,590 )
As at 30 September 2024 - 2,926 2,926
...CONTINUED
Page 3
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Net Book Value
As at 30 September 2024 - - -
As at 1 January 2024 38,385 201 38,586
5. Debtors
30 September 2024 31 December 2023
£ £
Due within one year
Trade debtors - 4,680
Other debtors - 1,300
- 5,980
6. Creditors: Amounts Falling Due Within One Year
30 September 2024 31 December 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,862
Other creditors 11,154 15,424
Taxation and social security - 1,198
11,154 21,484
7. Creditors: Amounts Falling Due After More Than One Year
30 September 2024 31 December 2023
£ £
Net obligations under finance lease and hire purchase contracts - 34,783
8. Obligations Under Finance Leases and Hire Purchase
30 September 2024 31 December 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,862
Later than one year and not later than five years - 34,783
- 39,645
- 39,645
9. Share Capital
30 September 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4