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Registered number: 08710545
Guardpass Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08710545
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 25,900 38,700
25,900 38,700
CURRENT ASSETS
Debtors 6 726,402 476,515
Cash at bank and in hand 392,575 339,848
1,118,977 816,363
Creditors: Amounts Falling Due Within One Year 7 (202,431 ) (185,347 )
NET CURRENT ASSETS (LIABILITIES) 916,546 631,016
TOTAL ASSETS LESS CURRENT LIABILITIES 942,446 669,716
Creditors: Amounts Falling Due After More Than One Year 8 (33,622 ) (39,972 )
NET ASSETS 908,824 629,744
CAPITAL AND RESERVES
Called up share capital 9 831 831
Share premium account 1,279,104 1,279,104
Profit and Loss Account (371,111 ) (650,191 )
SHAREHOLDERS' FUNDS 908,824 629,744
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shahzad Ali
Director
19/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Guardpass Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08710545 . The registered office is 36 Scotts Road, Bromley, England, BR1 3QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Straight Line
Fixtures & Fittings 20% Straight Line
Computer Equipment 33% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 386,391
As at 31 December 2024 386,391
Amortisation
As at 1 January 2024 386,391
As at 31 December 2024 386,391
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
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Page 4
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 50,000 1,500 9,323 60,823
As at 31 December 2024 50,000 1,500 9,323 60,823
Depreciation
As at 1 January 2024 12,500 300 9,323 22,123
Provided during the period 12,500 300 - 12,800
As at 31 December 2024 25,000 600 9,323 34,923
Net Book Value
As at 31 December 2024 25,000 900 - 25,900
As at 1 January 2024 37,500 1,200 - 38,700
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 140,887 10,631
Other debtors 585,515 465,884
726,402 476,515
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 356 446
Bank loans and overdrafts 330 330
Other creditors 14,500 139,063
Taxation and social security 187,245 45,508
202,431 185,347
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 33,622 39,972
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 831 831
Page 4