GUITAR ANATOMY LIMITED


Director	NORTON, Joseph


Registered Address	2 Henson House Planet Place
	Stephenson Industrial Estate
	Newcastle Upon Tyne
	NE12 6RZ


Registered Number	11123339 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		35,005		39,478
Investments	4		20,000		-
			55,005		39,478
Current assets
Stocks	5	67,850		65,765
Debtors	6	6,814		1
Cash at bank and on hand		77,528		43,225
		152,192		108,991
Creditors amounts falling due within one year	7	(53,854)		(33,872)
Net current assets (liabilities)			98,338		75,119
Total assets less current liabilities			153,343		114,597
Creditors amounts falling due after one year	8		(15,984)		(21,978)
Net assets			137,359		92,619
Capital and reserves
Called up share capital			100		100
Profit and loss account			137,259		92,519
Shareholders' funds			137,359		92,619

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 23 September 2025, and are signed on its behalf by:

NORTON, Joseph
Director
Registered Company No. 11123339

GUITAR ANATOMY LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Vehicles	5	-
Office Equipment	-	4

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Vehicles	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	39,970	5,118	45,088
Additions	-	2,265	2,265
At 31 December 24	39,970	7,383	47,353
Depreciation and impairment
At 01 January 24	2,997	2,613	5,610
Charge for year	5,395	1,343	6,738
At 31 December 24	8,392	3,956	12,348
Net book value
At 31 December 24	31,578	3,427	35,005
At 31 December 23	36,973	2,505	39,478

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
Additions	20,000	20,000
At 31 December 24	20,000	20,000
Net book value
At 31 December 24	20,000	20,000
At 31 December 23	-	-

	Notes
	¹Other investments other than loans

5.	Stocks

	2024	2023
	£	£
Finished goods	67,850	65,765
Total	67,850	65,765

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	6,814	1
Total	6,814	1

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	13,047	4,393
Taxation and social security	30,153	19,288
Other creditors	10,654	10,191
Total	53,854	33,872


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	15,984	21,978
Total	15,984	21,978