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REGISTERED NUMBER: 01688901 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Mike Gurnell Associates Limited

Mike Gurnell Associates Limited (Registered number: 01688901)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Mike Gurnell Associates Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Paul Gurnell





SECRETARY: Paul Gurnell





REGISTERED OFFICE: York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ





REGISTERED NUMBER: 01688901 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

Mike Gurnell Associates Limited (Registered number: 01688901)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,573 4,292
3,573 4,292

CURRENT ASSETS
Debtors 61,279 79,204
Cash at bank 1,173,511 1,565,979
1,234,790 1,645,183
CREDITORS
Amounts falling due within one year 1,035,378 1,480,550
NET CURRENT ASSETS 199,412 164,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,985

168,925

CREDITORS
Amounts falling due after more than one
year

(66,404

)

(106,404

)

PROVISIONS FOR LIABILITIES (679 ) (815 )
NET ASSETS 135,902 61,706

CAPITAL AND RESERVES
Called up share capital 51,000 51,000
Capital redemption reserve 9,000 9,000
Retained earnings 75,902 1,706
135,902 61,706

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

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

The director acknowledges his 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.

Mike Gurnell Associates Limited (Registered number: 01688901)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Paul Gurnell - Director


Mike Gurnell Associates Limited (Registered number: 01688901)

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

1. STATUTORY INFORMATION

Mike Gurnell Associates 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.

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


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Mike Gurnell Associates Limited (Registered number: 01688901)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 71,553
AMORTISATION
At 1 July 2023
and 30 June 2024 71,553
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 15,217
Additions 2,180
Disposals (753 )
At 30 June 2024 16,644
DEPRECIATION
At 1 July 2023 10,925
Charge for year 2,355
Eliminated on disposal (209 )
At 30 June 2024 13,071
NET BOOK VALUE
At 30 June 2024 3,573
At 30 June 2023 4,292

Mike Gurnell Associates Limited (Registered number: 01688901)

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

6. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 106,404 146,404

Barclays Security Trustee Limited holds a fixed and floating charge over all undertakings of the company.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Paul Gurnell
Balance outstanding at start of year 25,152 34,077
Amounts repaid (5,000 ) (8,925 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,152 25,152

The advance to the director is repayable upon demand and carried interest at 2.5% and 2.25% as appropriate.