My Guide Network Limited 10125035 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the design and production of concierge software Digita Accounts Production Advanced 6.30.9574.0 true true 10125035 2023-05-01 2024-04-30 10125035 2024-04-30 10125035 bus:Director1 1 2024-04-30 10125035 core:CurrentFinancialInstruments 2024-04-30 10125035 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 10125035 core:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 10125035 core:OfficeEquipment 2024-04-30 10125035 bus:SmallEntities 2023-05-01 2024-04-30 10125035 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 10125035 bus:FilletedAccounts 2023-05-01 2024-04-30 10125035 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10125035 bus:RegisteredOffice 2023-05-01 2024-04-30 10125035 bus:Director1 2023-05-01 2024-04-30 10125035 bus:Director1 1 2023-05-01 2024-04-30 10125035 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10125035 core:PatentsTrademarksLicencesConcessionsSimilar 2023-05-01 2024-04-30 10125035 core:OfficeEquipment 2023-05-01 2024-04-30 10125035 countries:EnglandWales 2023-05-01 2024-04-30 10125035 2023-04-30 10125035 bus:Director1 1 2023-04-30 10125035 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 10125035 core:OfficeEquipment 2023-04-30 10125035 2022-05-01 2023-04-30 10125035 2023-04-30 10125035 core:CurrentFinancialInstruments 2023-04-30 10125035 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 10125035

My Guide Network Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

My Guide Network Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

My Guide Network Limited

Company Information

Director

MJ Wallis

Registered office

71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ

Accountants

Clement Rabjohns Limited
Chartered Accountants
111/113 High Street
Evesham
Worcestershire
WR11 4XP

 

My Guide Network Limited

(Registration number: 10125035)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

6

14,527

4,082

Cash at bank and in hand

 

25,104

41,543

 

39,631

45,625

Creditors: Amounts falling due within one year

7

(35,119)

(27,350)

Net assets

 

4,512

18,275

Capital and reserves

 

Called up share capital

1

1

Retained earnings

4,511

18,274

Shareholders' funds

 

4,512

18,275

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 January 2025
 

.........................................
MJ Wallis
Director

 

My Guide Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
Greater London
WC2H 9JQ
United Kingdom

These financial statements were authorised for issue by the director on 29 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

My Guide Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

33.3% straight line

Intangible assets

Separately acquired trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Registered trademark

straight line over registered period

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 the director) during the year, was 1 (2023 - 1).

 

My Guide Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 May 2023

10,556

10,556

At 30 April 2024

10,556

10,556

Amortisation

At 1 May 2023

10,556

10,556

At 30 April 2024

10,556

10,556

Carrying amount

At 30 April 2024

-

-

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

3,649

3,649

At 30 April 2024

3,649

3,649

Depreciation

At 1 May 2023

3,649

3,649

At 30 April 2024

3,649

3,649

Carrying amount

At 30 April 2024

-

-

 

My Guide Network Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

3,902

1,221

Other debtors

10,625

2,861

 

14,527

4,082

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

29,545

20,329

Accruals and deferred income

5,574

6,431

Other creditors

-

590

35,119

27,350

8

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

At 30 April 2024
£

MJ Wallis

Interest bearing loan repayable on demand

-

9,932

9,932