REGISTERED NUMBER: 10537265 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Guest Tiling Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D J Guest

REGISTERED OFFICE:

The Old Doctors House

74 Grange Road

Dudley

West Midlands

DY1 2AW

REGISTERED NUMBER:

10537265 (England and Wales)

FIXED ASSETS

Tangible assets

4

19,423

26,741

CURRENT ASSETS

Stocks

5,000

5,023

Debtors

467,548

380,759

Cash at bank

15,964

10,390

488,512

396,172

CREDITORS

Amounts falling due within one year

232,146

116,111

NET CURRENT ASSETS

256,366

280,061

TOTAL ASSETS LESS CURRENT LIABILITIES

275,789

306,802

CREDITORS

Amounts falling due after more than one year

5

(70,079

)

(73,444

)

PROVISIONS FOR LIABILITIES

7

(4,605

)

(6,379

)

NET ASSETS

201,105

226,979

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

201,005

226,879

SHAREHOLDERS' FUNDS

201,105

226,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 year ended 31 December 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 director and authorised for issue on 23 June 2025 and were signed by:

Mr D J Guest - Director

1.	STATUTORY INFORMATION

Guest Tiling 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.

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.

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

53,125

Additions

5,210

At 31 December 2024

58,335

DEPRECIATION

At 1 January 2024

26,384

Charge for year

12,528

At 31 December 2024

38,912

NET BOOK VALUE

At 31 December 2024

19,423

At 31 December 2023

26,741

Included within motor vehicles is an asset held on hire purchase with a net book value of £13,995 (2023 - £20,993) and a depreciation charge of £6,998 (2023 - £6,998).

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.12.24

31.12.23

£

£

Repayable by instalments

Bank loans paid > 5 years

3,993

10,358

6.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

17,596

11,040

Amounts falling due between one and two years:

Bank loans - 1-2 years

18,790

12,235

Amounts falling due between two and five years:

Bank loans - 2-5 years

43,959

40,856

Amounts falling due in more than five years:

Repayable by instalments

Bank loans paid > 5 years

3,993

10,358

The bank borrowing is secured by a personal guarantee provided by the director.

7.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

4,605

6,379

Deferred

tax

£

Balance at 1 January 2024

6,379

Credit to Income Statement during year

(1,774

)

Balance at 31 December 2024

4,605

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

Mr D J Guest

Balance outstanding at start of year

53,348

66,199

Amounts advanced

190,109

145,755

Amounts repaid

(194,543

)

(158,606

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

48,914

53,348

The director's loan account is interest free with no repayment terms.