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Registered number: 05692373
Guard-Lite Limited
Unaudited Financial Statements
For the Period 1 May 2024 to 31 March 2025
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Guard-Lite Limited for the period 1 May 2024 to 31 March 2025
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Guard-Lite Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Guard-Lite Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Guard-Lite Limited and state those matters that we have agreed to state to the directors of Guard-Lite Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Guard-Lite Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Guard-Lite Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Guard-Lite Limited . You consider that Guard-Lite Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Guard-Lite Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
10 April 2025
Raven Accounting (West Midlands) Limited
Chartered Certified Accountants
9-11 Stratford Road
Shirley
Solihull
B90 3LU
Page 1
Page 2
Balance Sheet
Registered number: 05692373
31 March 2025 30 April 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 - 24,264
- 24,264
CURRENT ASSETS
Stocks 6 - 150
Debtors 7 15,186 178,715
Cash at bank and in hand 718,354 591,277
733,540 770,142
Creditors: Amounts Falling Due Within One Year 8 (143,407 ) (141,046 )
NET CURRENT ASSETS (LIABILITIES) 590,133 629,096
TOTAL ASSETS LESS CURRENT LIABILITIES 590,133 653,360
PROVISIONS FOR LIABILITIES
Deferred Taxation - (846 )
NET ASSETS 590,133 652,514
CAPITAL AND RESERVES
Called up share capital 10 10 10
Profit and Loss Account 590,123 652,504
SHAREHOLDERS' FUNDS 590,133 652,514
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Page 3
For the period ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr K J Litwinko
Director
10 April 2025
The notes on pages 4 to 6 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Guard-Lite Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05692373 . The registered office is 9-11 Stratford Road, Shirley, Solihull, B90 3LU.
The presentation currency of the financial statements in the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years. However a review was conducted as at 30 April 2016 and it was decided to write off the remaining balance of the goodwill at that time. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 15% on reducing balance
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 100,000
As at 31 March 2025 100,000
Amortisation
As at 1 May 2024 100,000
As at 31 March 2025 100,000
Net Book Value
As at 31 March 2025 -
As at 1 May 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2024 500 58,185 7,117 65,802
Disposals (500 ) (58,185 ) (7,117 ) (65,802 )
As at 31 March 2025 - - - -
Depreciation
As at 1 May 2024 500 34,433 6,605 41,538
Disposals (500 ) (34,433 ) (6,605 ) (41,538 )
As at 31 March 2025 - - - -
Net Book Value
As at 31 March 2025 - - - -
As at 1 May 2024 - 23,752 512 24,264
6. Stocks
31 March 2025 30 April 2024
£ £
Stock - 150
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7. Debtors
31 March 2025 30 April 2024
£ £
Due within one year
Trade debtors - 8,016
Other debtors 15,186 170,699
15,186 178,715
8. Creditors: Amounts Falling Due Within One Year
31 March 2025 30 April 2024
£ £
Trade creditors - 19,020
Other creditors 143,407 107,745
Taxation and social security - 14,281
143,407 141,046
9. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 May 2024 846 846
Deferred taxation (846 ) (846 )
10. Share Capital
31 March 2025 30 April 2024
Allotted, called up and fully paid £ £
10 Ordinary Shares of £ 1 each 10 10
11. Related Party Transactions
The directors made an interest free, unsecured loan to the company with a balance of £143,407 at the year-end (2024 £105,065). The loan has no set repayment terms.  
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