REGISTERED NUMBER: 07744676 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024

FOR

GUARDIAN WILLS AND PROBATE SERVICES

LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Rampersaud

Ms H F Sutton

REGISTERED OFFICE:

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

07744676 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

8,197

14,000

8,197

14,000

CURRENT ASSETS

Stocks

104,213

368,392

Debtors

271,148

184,256

Cash at bank

2,289,746

3,449,819

2,665,107

4,002,467

CREDITORS

Amounts falling due within one year

2,748,949

3,786,266

NET CURRENT (LIABILITIES)/ASSETS

(83,842

)

216,201

TOTAL ASSETS LESS CURRENT LIABILITIES

(75,645

)

230,201

CREDITORS

Amounts falling due after more than one year

(243,592

)

(153,254

)

PROVISIONS FOR LIABILITIES

9

(2,660

)

(2,660

)

NET (LIABILITIES)/ASSETS

(321,897

)

74,287

CAPITAL AND RESERVES

Called up share capital

10

121

121

Retained earnings

(322,018

)

74,166

SHAREHOLDERS' FUNDS

(321,897

)

74,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 period ended 27 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:

Mr D Rampersaud - Director

1.	STATUTORY INFORMATION

Guardian Wills And Probate Services 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis. The company incurred a net loss of £396,184 for the period ended 27 February 2024 (2023 - profit of £38,002) and had net liabilities of £321,897 at the balance sheet date. Despite this, the directors have assessed the company's financial position and ongoing trading performance.

The directors have prepared forecasts and projections that consider reasonably possible changes in trading performance and cash flow requirements over the next 12 months. These demonstrate that the company expects to have adequate resources to meet its liabilities as they fall due.

The directors are actively implementing cost reduction measures and reviewing business strategy to improve profitability. They are also confident in the strength of the company's client base and pipeline of future work.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would result if the company were unable to continue as a going concern

Turnover

Turnover revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- The amount of revenue can be measured reliably;

- It is probable that the company will receive the consideration due under the contract;

- The stage of completion of the contract at the end of the reporting period can be measured reliably; and

- The costs incurred and the costs to complete the contract can be measured reliably.

Where fees are contingent on external factors, and this is outside the control of the company, those fees are recognised when billed or on completion of the contingent event.

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.

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

-

25% straight line

Fixtures and fittings

-

25% straight line

Computer equipment

-

25% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

Revenue that has not yet been billed to clients, where it is probable that the future economic benefits will flow to the company, is included in work in progress.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period or in the period of the revision and future periods where the revision affects both current and future periods.

There were no judgements and estimates that had significant effect on the amounts recognised in the financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 15 (2023 - 23 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2023

and 27 February 2024

108,364

AMORTISATION

At 1 March 2023

and 27 February 2024

108,364

NET BOOK VALUE

At 27 February 2024

-

At 28 February 2023

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2023

and 27 February 2024

65,247

DEPRECIATION

At 1 March 2023

51,247

Charge for period

5,803

At 27 February 2024

57,050

NET BOOK VALUE

At 27 February 2024

8,197

At 28 February 2023

14,000

7.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

35,900

35,900

Other loans

70,000

27,102

105,900

63,002

Amounts falling due between one and two years:

Bank loans - 1-2 years

33,576

36,076

Other loans - 1-2 years

70,000

24,000

103,576

60,076

Amounts falling due between two and five years:

Bank loans - 2-5 years

8,350

60,473

Other loans - 2-5 years

131,666

32,705

140,016

93,178

8.	SECURED DEBTS

Included in bank loans is a loan under the Coronavirus Business Interruption Loan Scheme (CBILS) which provides the lender with a government-backed guarantee against the outstanding balance of the facility. The business remains fully liable for the repayment of the facility.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

2,660

2,660

Deferred

tax

£

Balance at 1 March 2023

2,660

Balance at 27 February 2024

2,660

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

11

A Ordinary

£1

11

11

10

B Ordinary

£1

10

10

121

121

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Rampersaud.

He holds all 100% of the issued share capital of the company.

12.	CLIENTS MONEY

The company holds clients monies totalling £2,274,012 at 27 February 2024. These are held in segregated client accounts in accordance with applicable regulatory and legal requirements.