Company No:
Contents
| Note | 31.12.2024 | |
| £ | ||
| Current assets | ||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 222,565 | ||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (20,383) | |
| Total assets less current liabilities | (20,383) | |
| Net liabilities | (
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| Capital and reserves | ||
| Called-up share capital | 5 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Director's responsibilities:
The financial statements of Guillam Services Limited (registered number:
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R B H Pike
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Guillam Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Bishop Fleming Llp, 10 North Place, Cheltenham, GL50 4DW, United Kingdom. The principal place of business is Apartment 3, Alsheik 4a, Tel Aviv 6330704, Israel.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £20,383. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The reporting period of these financial statements is longer than a year to cover the period from the Company's Incorporation on 12 December 2023 to the chosen year end of 31 December 2024.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| Period from 12.12.2023 to 31.12.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including the director |
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| 31.12.2024 | |
| £ | |
| Other debtors |
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| 31.12.2024 | |
| £ | |
| Amounts owed to director |
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| Accruals |
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| Taxation and social security |
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| Other creditors |
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| 31.12.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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Transactions with the entity's director
At the balance sheet date and included within creditors are amounts totalling £1,404 due to the company directors. The loan is interest free and repayable on demand. Dividends paid to the director in the year totalled £423,000.