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Registered number: 04520885
Guartel Technologies Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr Clifford Wright
Mr Paul Gaston
Mr Keith Hughes
Mr James Marment
Mr Peter Tragoulias
Company Number 04520885
Registered Office 4 Ravenscroft Court
Buttington Cross Enterprise Park
Buttington
Welshpool, Powys
SY21 8SL
Accountants Town & Forest
Chartered Accountants & Statutory Auditors
First Floor, New Barnes Mill
Cottonmill Lane
St Albans
AL1 2HA
Page 1
Page 2
Balance Sheet
Registered number: 04520885
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Stocks 5 38,000 47,000
Debtors 6 1,228,421 886,785
Cash at bank and in hand 420,958 274,819
1,687,379 1,208,604
Creditors: Amounts Falling Due Within One Year 7 (1,147,247 ) (912,580 )
NET CURRENT ASSETS (LIABILITIES) 540,132 296,024
TOTAL ASSETS LESS CURRENT LIABILITIES 540,132 296,024
Creditors: Amounts Falling Due After More Than One Year 8 (10,951 ) (20,922 )
NET ASSETS 529,181 275,102
CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Profit and Loss Account 504,181 250,102
SHAREHOLDERS' FUNDS 529,181 275,102
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For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Clifford Wright
Director
30 January 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Guartel Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04520885 . The registered office is 4 Ravenscroft Court, Buttington Cross Enterprise Park, Buttington, Welshpool, Powys, SY21 8SL.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
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 sale of goods. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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:
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Taxation expense represents the sum of the tax currently payable and deferred tax.
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 recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in the tax assessments in periods different from those in which they are recognised in the 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Trade debtors
Trade debtors are carried at original net invoice amount less an estimate for doubtful debtors. Bad debts are written off when identified. Specific provisions are made against debts whose recovery is considered doubtful.
2.9. Provisions and accruals
Provisions are recognised when there is a present legal or constructive obligation as a result of past events and the amount can be reliably estimated. Provisions are not recognised for future operating losses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 25,418 5,364 30,782
As at 30 April 2024 25,418 5,364 30,782
Depreciation
As at 1 May 2023 25,418 5,364 30,782
As at 30 April 2024 25,418 5,364 30,782
Net Book Value
As at 30 April 2024 - - -
As at 1 May 2023 - - -
5. Stocks
2024 2023
£ £
Stock 38,000 47,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,895 36,651
Other debtors 3,350 2,947
Corporation tax recoverable assets 16,432 16,432
VAT - 14,106
Amounts owed by group undertakings 485,636 416,590
Amounts owed by associates 679,108 400,059
1,228,421 886,785
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,938 72,723
Bank loans and overdrafts 10,648 10,648
Corporation tax 26,932 -
Other taxes and social security 21,727 4,006
VAT 25,780 -
Other creditors 22,850 106
Accruals and deferred income 161,369 1,595
Directors' loan accounts 198 197
Amounts owed to group undertakings 823,305 823,305
Amounts owed to associates 14,500 -
1,147,247 912,580
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,951 20,922
Page 6