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Registration number: 03069668

Guest Engineering Services Limited

Unaudited Filleted Financial Statements

for the Period from 1 July 2024 to 31 March 2025

 

Guest Engineering Services Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Guest Engineering Services Limited

(Registration number: 03069668)
Statement of Financial Position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

226

Current assets

 

Cash at bank and in hand

 

-

89,978

Creditors: Amounts falling due within one year

6

(285)

(29,723)

Net current (liabilities)/assets

 

(285)

60,255

Net (liabilities)/assets

 

(285)

60,481

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(385)

60,381

Shareholders' (deficit)/funds

 

(285)

60,481

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 30 April 2025
 


Mr M A Guest
Director

 

Guest Engineering Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Foxhill
Axminster
Devon
EX13 5LS

Principal activity

The principal activity of the company is that of electrical engineering consultancy.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Guest Engineering Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

 

Guest Engineering Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Guest Engineering Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025 (continued)

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2024

1,753

1,753

Disposals

(1,753)

(1,753)

At 31 March 2025

-

-

Depreciation

At 1 July 2024

1,527

1,527

Charge for the period

56

56

Eliminated on disposal

(1,583)

(1,583)

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

-

-

At 30 June 2024

226

226

5

Debtors

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Other creditors

285

29,723

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Guest Engineering Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025 (continued)

8

Related party transactions

Transactions with the director

2025

At 1 July 2024
£

Advances to director
£

Repayments by director
£

At 31 March 2025
£

Mr M A Guest

(28,559)

89,055

(60,781)

(285)

         
       

 

2024

At 1 July 2023
£

Advances to director
£

Repayments by director
£

At 30 June 2024
£

Mr M A Guest

(25,659)

(1,400)

(1,500)

(28,559)