1 August 2023 false No description of principal activity Taxfiler 2024.6 02021612business:PrivateLimitedCompanyLtd2023-08-012024-07-31 020216122023-07-31 020216122023-08-012024-07-31 02021612business:AuditExemptWithAccountantsReport2023-08-012024-07-31 02021612business:FilletedAccounts2023-08-012024-07-31 020216122024-07-31 02021612business:Director12023-08-012024-07-31 02021612business:RegisteredOffice2023-08-012024-07-31 020216122023-07-31 02021612core:WithinOneYear2024-07-31 02021612core:WithinOneYear2023-07-31 02021612core:AfterOneYear2024-07-31 02021612core:AfterOneYear2023-07-31 02021612core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 02021612core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 02021612core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 02021612core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 02021612core:PreviouslyStatedAmount2024-07-31 02021612core:PreviouslyStatedAmount2023-07-31 02021612business:SmallEntities2023-08-012024-07-31 02021612countries:EnglandWales2023-08-012024-07-31 02021612core:PlantMachinery2023-08-012024-07-31 02021612core:MotorVehicles2023-08-012024-07-31 02021612core:Goodwill2023-07-31 02021612core:Goodwill2024-07-31 02021612core:PlantMachinery2023-07-31 02021612core:MotorVehicles2023-07-31 02021612core:PlantMachinery2024-07-31 02021612core:MotorVehicles2024-07-31 02021612business:OrdinaryShareClass12023-08-012024-07-31 02021612business:OrdinaryShareClass12022-08-012023-07-31 020216122022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 02021612 (England and Wales)
Guy Payne Of London Limited Unaudited accounts for the year ended 31 July 2024
Guy Payne Of London Limited Unaudited accounts Contents
Page
- 2 -
Guy Payne Of London Limited Company Information for the year ended 31 July 2024
Director
Ian Michael WHEELER
Company Number
02021612 (England and Wales)
Registered Office
Airport House Purley Way Croydon CR0 0XZ
Accountants
Accurox Limited 5 Strand Court Bath Road Cheltenham GL53 7LW
- 3 -
Guy Payne Of London Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,000 
1,000 
Tangible assets
7,470 
8,300 
8,470 
9,300 
Current assets
Debtors
41,144 
71,728 
Cash at bank and in hand
93,045 
78,197 
134,189 
149,925 
Creditors: amounts falling due within one year
(89,541)
(101,792)
Net current assets
44,648 
48,133 
Total assets less current liabilities
53,118 
57,433 
Creditors: amounts falling due after more than one year
(8,636)
(19,194)
Net assets
44,482 
38,239 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
44,382 
38,139 
Shareholders' funds
44,482 
38,239 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 April 2025 and were signed on its behalf by
Ian Michael WHEELER Director Company Registration No. 02021612
- 4 -
Guy Payne Of London Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Guy Payne Of London Limited is a private company, limited by shares, registered in England and Wales, registration number 02021612. The registered office is Airport House, Purley Way, Croydon, CR0 0XZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% WDV
Motor vehicles
10% WDV
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
20,000 
At 31 July 2024
20,000 
Amortisation
At 1 August 2023
19,000 
At 31 July 2024
19,000 
Net book value
At 31 July 2024
1,000 
At 31 July 2023
1,000 
- 5 -
Guy Payne Of London Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
13,567 
39,889 
53,456 
At 31 July 2024
13,567 
39,889 
53,456 
Depreciation
At 1 August 2023
12,267 
32,889 
45,156 
Charge for the year
130 
700 
830 
At 31 July 2024
12,397 
33,589 
45,986 
Net book value
At 31 July 2024
1,170 
6,300 
7,470 
At 31 July 2023
1,300 
7,000 
8,300 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
41,144 
71,728 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,528 
10,000 
VAT
9,984 
8,417 
Trade creditors
49,308 
67,024 
Taxes and social security
11,856 
9,650 
Loans from directors
6,665 
3,453 
Accruals
1,200 
3,248 
89,541 
101,792 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,636 
19,194 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -