1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,000 1,853 23 1,876 124 147 xbrli:pure xbrli:shares iso4217:GBP 05836113 2023-07-01 2024-06-30 05836113 2024-06-30 05836113 2023-06-30 05836113 2022-07-01 2023-06-30 05836113 2023-06-30 05836113 2022-06-30 05836113 bus:Director2 2023-07-01 2024-06-30 05836113 core:WithinOneYear 2024-06-30 05836113 core:WithinOneYear 2023-06-30 05836113 core:FurnitureFittings 2023-06-30 05836113 core:FurnitureFittings 2024-06-30 05836113 core:ShareCapital 2024-06-30 05836113 core:ShareCapital 2023-06-30 05836113 core:RetainedEarningsAccumulatedLosses 2024-06-30 05836113 core:RetainedEarningsAccumulatedLosses 2023-06-30 05836113 core:FurnitureFittings 2023-07-01 2024-06-30 05836113 core:FurnitureFittings 2023-06-30 05836113 bus:SmallEntities 2023-07-01 2024-06-30 05836113 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 05836113 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 05836113 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 05836113 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 05836113
Guardian Windows (London) Limited
Filleted Unaudited Financial Statements
30 June 2024
Guardian Windows (London) Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
124
147
Current assets
Debtors
6
1,636
1,267
Cash at bank and in hand
7,062
5,250
-------
-------
8,698
6,517
Creditors: amounts falling due within one year
7
( 9,590)
( 4,216)
-------
-------
Net current (liabilities)/assets
( 892)
2,301
----
-------
Total assets less current liabilities
( 768)
2,448
Provisions
Taxation including deferred tax
( 31)
( 37)
----
-------
Net (liabilities)/assets
( 799)
2,411
----
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 899)
2,311
----
-------
Shareholders (deficit)/funds
( 799)
2,411
----
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Guardian Windows (London) Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
Mr N Bhadressa
Director
Company registration number: 05836113
Guardian Windows (London) Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Bruce Grove, London, N17 6RA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
The financial statements have been prepared on the going concern basis after taking into account the excess of liabilities over assets at the balance sheet date, as we believe that adequate cash resources will be made available to cover the company's requirements for working capital and capital expenditure for at least the next twelve months. In this regard we confirm that the required financial support will continue to be provided by the director. We are not aware of any other factors which could put into jeopardy the company's going concern status during or beyond this period.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities. The only accounting estimate made by the management is the estimated useful life of the tangible fixed assets.
Revenue recognition
Revenues comprise sales to external customers after discounts.Sales of products are recognised when the significant risks and rewards of ownership of the goods are transferred to the customer, the sales price agreed and the receipt of payment can be assured.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 July 2023 and 30 June 2024
2,000
2,000
-------
-------
Depreciation
At 1 July 2023
1,853
1,853
Charge for the year
23
23
-------
-------
At 30 June 2024
1,876
1,876
-------
-------
Carrying amount
At 30 June 2024
124
124
-------
-------
At 30 June 2023
147
147
-------
-------
6. Debtors
2024
2023
£
£
Other debtors
1,636
1,267
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
6,253
3,367
Corporation tax
444
443
Social security and other taxes
671
320
Director loan accounts
2,222
86
-------
-------
9,590
4,216
-------
-------
8. Related party transactions
Included in creditors due within one year, is a loan of £2,222(2023: £86) from the director. This loan is interest-free and has no fixed repayment term.