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REGISTERED NUMBER: 04518013 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Guided Solutions Limited

Guided Solutions Limited (Registered number: 04518013)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Guided Solutions Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr K Esser
Mr J L Kerriss
Mr D A Gray
Mr D Medarski
Mrs N C Shield





SECRETARY: Mr K Esser





REGISTERED OFFICE: Unit 2
Hawthorn Park
Coal Road
Leeds
West Yorkshire
LS14 1PQ





REGISTERED NUMBER: 04518013 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Guided Solutions Limited (Registered number: 04518013)

Balance Sheet
30 September 2024

30.9.24 30.9.23
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 108,141 38,769

CURRENT ASSETS
Debtors 5 361,791 295,238
Cash at bank and in hand 394,664 394,384
756,455 689,622
CREDITORS
Amounts falling due within one year 6 365,678 328,674
NET CURRENT ASSETS 390,777 360,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

498,918

399,717

CREDITORS
Amounts falling due after more than one
year

7

(106,883

)

(82,207

)

PROVISIONS FOR LIABILITIES - (4,147 )
NET ASSETS 392,035 313,363

CAPITAL AND RESERVES
Called up share capital 11 900 900
Capital redemption reserve 100 (153,720 )
Retained earnings 391,035 466,183
SHAREHOLDERS' FUNDS 392,035 313,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Guided Solutions Limited (Registered number: 04518013)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





Mr K Esser - Director


Guided Solutions Limited (Registered number: 04518013)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Guided Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Guided Solutions Limited (Registered number: 04518013)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and Motor Computer
to property fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 October 2023 40,794 105,470 24,394 90,551 261,209
Additions - - 104,271 - 104,271
At 30 September 2024 40,794 105,470 128,665 90,551 365,480
DEPRECIATION
At 1 October 2023 28,439 97,765 10,408 85,828 222,440
Charge for year 8,159 4,159 18,399 4,182 34,899
At 30 September 2024 36,598 101,924 28,807 90,010 257,339
NET BOOK VALUE
At 30 September 2024 4,196 3,546 99,858 541 108,141
At 30 September 2023 12,355 7,705 13,986 4,723 38,769

Included within the net book value above is £11,189 (2023 - £13,986), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £2,797 (2023 - £3,496).

Included within the net book value above is £88,669 (2023 - £nil), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £15,602 (2023 - £nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£ £
Trade debtors 288,038 208,468
Amounts owed by group undertakings 30,883 28,107
Other debtors 42,870 58,663
361,791 295,238

Guided Solutions Limited (Registered number: 04518013)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
as restated
£ £
Bank loans and overdrafts (see note 8) 42,796 41,753
Hire purchase contracts and finance leases (see note 9)
22,827

3,428
Trade creditors 285 8,480
Taxation and social security 118,607 92,368
Other creditors 181,163 182,645
365,678 328,674

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
as restated
£ £
Bank loans (see note 8) 28,444 71,240
Hire purchase contracts and finance leases (see note 9)
78,439

10,967
106,883 82,207

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
as restated
£ £
Amounts falling due within one year or on demand:
Bank loans 42,796 41,753

Amounts falling due between one and two years:
Bank loans - 1-2 years 28,444 42,796

Amounts falling due between two and five years:
Bank loans - 2-5 years - 28,444

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts Finance leases
30.9.24 30.9.23 30.9.24 30.9.23
as restated as restated
£ £ £ £
Net obligations repayable:
Within one year 10,967 3,428 11,860 -
Between one and five years - 10,967 78,439 -
10,967 14,395 90,299 -

Guided Solutions Limited (Registered number: 04518013)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
30.9.24 30.9.23
as restated
£ £
Within one year 25,022 30,436
Between one and five years 17,727 14,445
42,749 44,881

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
as restated
£ £
Bank loans 71,240 112,993
Hire purchase contracts and finance leases 101,266 14,395
172,506 127,388

National Westminster Bank PLC hold a fixed and floating charge over all assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: as restated
£ £
900 Share capital 1 £1 900 900

12. OFF-BALANCE SHEET ARRANGEMENTS

At the balance sheet date the company held an operating lease with total amount payable of £155,249 (2023 - £247,382).

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date, the company was owed £4,461 (2023 - £4,381) from GS Capital Connect Ltd.
Mr K Esser, a director in Guided Solutions Limited, is also a director in GS Capital Connect Ltd.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Guided Solutions Holdings Limited.

The ultimate controlling party is Mr K Esser.