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REGISTERED NUMBER: 08115493 (England and Wales)















Unaudited Financial Statements

for the Period 1 September 2023 to 31 December 2024

for

Guy Walmsley Limited

Guy Walmsley Limited (Registered number: 08115493)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Guy Walmsley Limited

Company Information
for the Period 1 September 2023 to 31 December 2024







DIRECTORS: A S Griffiths
N Wynne
G P Jelley
S R Tyson





REGISTERED OFFICE: 3 Grove Road
Wrexham
United Kingdom
LL11 1DY





REGISTERED NUMBER: 08115493 (England and Wales)






Guy Walmsley Limited (Registered number: 08115493)

Statement of Financial Position
31 December 2024

31.12.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 68,683 77,268
Tangible assets 5 6,077 8,887
74,760 86,155

CURRENT ASSETS
Stocks 152,000 149,000
Debtors 6 270,037 273,181
Prepayments and accrued income 13,510 15,932
Cash at bank 1,970 4,399
437,517 442,512
CREDITORS
Amounts falling due within one year 7 339,300 353,473
NET CURRENT ASSETS 98,217 89,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,977

175,194

CREDITORS
Amounts falling due after more than one year 8 (4,143 ) (33,599 )

PROVISIONS FOR LIABILITIES (1,096 ) (1,705 )
NET ASSETS 167,738 139,890

CAPITAL AND RESERVES
Called up share capital 182 180
Retained earnings 167,556 139,710
167,738 139,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

Guy Walmsley Limited (Registered number: 08115493)

Statement of Financial Position - continued
31 December 2024


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

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 28 May 2025 and were signed on its behalf by:




N Wynne - Director A S Griffiths - Director




S R Tyson - Director G P Jelley - Director


Guy Walmsley Limited (Registered number: 08115493)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 December 2024

1. STATUTORY INFORMATION

Guy Walmsley 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.

Changes in accounting policies
During the year, the company changed its accounting period from 31 August to 31 December. This change was made to align with the parent company. As a result, the financial statements cover a period of 16 months, from 1st September 2023 to 31 December 2024.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Management has determined this period as a reasonable estimate of the period over which the benefits of the goodwill are expected to be realised.

Client account
The company maintains a separate client account in which it holds funds on behalf of clients. These funds are not included in the company’s own assets. The balance held in the client account on behalf of clients as of 31 December 2024 was £3,408.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 17 (2023 - 22 ) .

Guy Walmsley Limited (Registered number: 08115493)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 December 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 December 2024 128,780
AMORTISATION
At 1 September 2023 51,512
Charge for period 8,585
At 31 December 2024 60,097
NET BOOK VALUE
At 31 December 2024 68,683
At 31 August 2023 77,268

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023 - 10,765 32,384 43,149
Additions 189 292 3,604 4,085
Disposals - (100 ) (13,052 ) (13,152 )
At 31 December 2024 189 10,957 22,936 34,082
DEPRECIATION
At 1 September 2023 - 7,834 26,428 34,262
Charge for period 39 636 4,892 5,567
Eliminated on disposal - (81 ) (11,743 ) (11,824 )
At 31 December 2024 39 8,389 19,577 28,005
NET BOOK VALUE
At 31 December 2024 150 2,568 3,359 6,077
At 31 August 2023 - 2,931 5,956 8,887

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Trade debtors 270,037 273,180
Other debtors - 1
270,037 273,181

Guy Walmsley Limited (Registered number: 08115493)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.8.23
£    £   
Bank loans and overdrafts 49,728 44,534
Trade creditors 29,469 17,305
Amounts owed to group undertakings 1,982 -
Taxation and social security 145,093 201,061
Other creditors 113,028 90,573
339,300 353,473

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.8.23
£    £   
Bank loans 4,143 33,599

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As of 31 December 2024 the company owed £88,522 to the directors (£54,373 : 2023).
No formal repayment terms have been agreed.

10. ULTIMATE CONTROLLING PARTY

The parent company of Guy Walmsley Limited is Summit Accountants Limited.
The registered office of Summit Accountants Limited is M.01 Tomorrow, Blue, Mediacityuk, England, M50 2AB.