The National Guild Of Removers & Storers Limited |
Registered Number:02632547 |
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2024
The National Guild Of Removers & Storers Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
The National Guild Of Removers & Storers Limited
Statement of Financial Position
2023
2024
Property, plant and equipment |
4,319
5,600
3
1
1
4
4,320
5,601
Trade and other receivables |
344,205
497,205
5
127,696
Cash and cash equivalents |
39,543
536,748
471,901
Trade and other payables: amounts falling due within one |
year |
(224,267)
(212,747)
6
247,634
324,001
Net current assets
Total assets less current liabilities |
328,321
253,235
-
(525)
Provisions for liabilities |
328,321
Net assets
252,710
200
200
328,121
252,510
328,321
252,710
Shareholders' funds
For the year ended 31 July 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 of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 13 March 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 July 2024
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements
Statutory Information
The National Guild Of Removers & Storers Limited is a private limited company, limited by shares, domiciled in |
England and Wales, registration number 02632547. |
63 High Road
Bushey Heath
Hertfordshire
WD23 1EE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
25% and 20% Reducing balance |
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Financial Instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
contractual provisions of the instrument. |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
price. |
Basic financial liabilities |
Basic financial liabilities 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. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
instruments are recognised as liabilities once they are no longer at the discretion of the company. |
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For the year ended 31 July 2024
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment |
128,148
132
128,280
Provision for depreciation and impairment |
122,548
Charge for year
1,413
123,961
4,319
5,600
4. Investments held as fixed assets |
Shares in group and participating interests |
1
1
1
1
1
1
1
1
5. Trade and other receivables |
2023
2024
73,997
110,650
Amounts owed by group undertakings and participating interests |
2,223
2,157
Prepayments and accrued income |
22,792
26,138
398,193
205,260
344,205
497,205
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For the year ended 31 July 2024
The National Guild Of Removers & Storers Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2023
2024
30,448
18,743
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
1
1
Taxation and social security |
41,445
58,709
Accruals and deferred income |
49,641
57,094
13,959
12,442
77,253
77,278
212,747
224,267
7. Directors advances and guarantees |
Loaned
Repaid
Interest
G A Salt
Director's Loan Account
(12,443)
(13,959)
28,875
30,503
112
(12,443)
(13,959)
28,875
30,503
112
The overdrawn directror's current account was unsecured an payable on demand. Interest was charged at the rate of |
2.25%. |
8. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
9. Parent-subsidiary relationship |
The company, and the group headed by it, qualify as small under s383 of the Companies Act 2006 and the parent and the group are considered eligible for the exemption as determined by reference to sections 384 and 399(2A) of the Companies Act 2006. |
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