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Registration number: 11388427

Guider Global Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Guider Global Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

Guider Global Limited

Company Information

Director

Mr N Ross

Registered office

WeWork
1 Mark Square
London
EC2A 4EG

 

Guider Global Limited

(Registration number: 11388427)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

1,010

381

Tangible assets

5

30,110

33,924

 

31,120

34,305

Current assets

 

Debtors

7

268,335

269,559

Cash at bank and in hand

 

768,553

1,819,227

 

1,036,888

2,088,786

Creditors: Amounts falling due within one year

8

(383,589)

(309,704)

Net current assets

 

653,299

1,779,082

Net assets

 

684,419

1,813,387

Capital and reserves

 

Called up share capital

3

3

Share premium reserve

4,065,837

4,065,825

Retained earnings

(3,381,421)

(2,252,441)

Shareholders' funds

 

684,419

1,813,387

For the financial year ending 31 May 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 5 February 2025
 

.........................................
Mr N Ross
Director

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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:
WeWork
1 Mark Square
London
EC2A 4EG
England

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. At 31 May 2024, the Company was loss making but had net assets. The directors have confirmed that in their opinion the Company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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.

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

Furniture, fittings and equipment

25% on cost

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

Trademarks

10% on cost

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024


Debtors receivable within one year
Debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.


Creditors payable within one year
Creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
 

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2023 - 23).

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 June 2023

395

395

Additions acquired separately

740

740

At 31 May 2024

1,135

1,135

Amortisation

At 1 June 2023

14

14

Amortisation charge

111

111

At 31 May 2024

125

125

Carrying amount

At 31 May 2024

1,010

1,010

At 31 May 2023

381

381

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

58,229

58,229

Additions

12,622

12,622

Disposals

(958)

(958)

At 31 May 2024

69,893

69,893

Depreciation

At 1 June 2023

24,305

24,305

Charge for the year

16,336

16,336

Eliminated on disposal

(858)

(858)

At 31 May 2024

39,783

39,783

Carrying amount

At 31 May 2024

30,110

30,110

At 31 May 2023

33,924

33,924

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Investments

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

Guider Corporation

1209 Orange Street, City of Wilmington, County of New Castle, Delaware, 19801

USA

100%

100%

Subsidiary undertakings

Guider Corporation

The principal activity of Guider Corporation is the provision of a development platform for executive training.

The investment is held at cost value, which totals less than $1.

7

Debtors

Current

2024
£

2023
£

Trade debtors

146,797

111,740

Prepayments

18,818

19,892

Other debtors

102,720

137,927

 

268,335

269,559

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

7,769

2,085

Amounts owed to group undertakings

11

5,870

4,621

Taxation and social security

 

39,111

46,181

Accruals and deferred income

 

328,513

248,792

Other creditors

 

2,326

8,025

 

383,589

309,704

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

5,059

10,000

The amount of non-cancellable operating lease payments recognised as an expense during the year was £47,470 (2023 - £80,125).

 

Guider Global Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.00001 each

172,021

1.72

170,820

1.71

Deferred shares of £0.00001 each

23,612

0.24

23,612

0.24

A Ordinary shares of £0.00001 each

123,146

1.23

123,146

1.23

 

318,779

3.19

317,578

3.18

During the year a further 1,201 ordinary shares of £0.00001 each were allotted for nominal value.

11

Related party transactions

Summary of transactions with subsidiaries

During the year the Company made loans totalling £42,939 (2023: £187,871) to its subsidiary undertaking, Guider Corporation. Also during the year, Guider Corporation provided services to the Company totalling £49,315 (2023:£196,620), which were set off against the loan advances. The loan between the two parties is not accruing interest. As at 31 May 2024, the Company recorded a creditor balance of £5,870 (2023: £4,621).

12

Control

The controlling party is Mr N Ross (director).