GUESS 1 DESIGN LIMITED


Director	OLDFIELD, Richard David


Company Secretary	OLDFIELD, Janette


Registered Address	9 Willett Close
	Petts Wood
	Orpington
	BR5 1QH


Registered Number	05424447 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,006		4,290
			4,006		4,290
Current assets
Debtors	4	5,194		6,813
Cash at bank and on hand		113,304		103,372
		118,498		110,185
Creditors amounts falling due within one year	5	(20,933)		(4,306)
Net current assets (liabilities)			97,565		105,879
Total assets less current liabilities			101,571		110,169
Net assets			101,571		110,169
Capital and reserves
Called up share capital			100		100
Profit and loss account			101,471		110,069
Shareholders' funds			101,571		110,169

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 7 January 2026, and are signed on its behalf by:

OLDFIELD, Richard David
Director
Registered Company No. 05424447

GUESS 1 DESIGN LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

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).

	Turnover policy
	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.

	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.

	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 (%)
	Fixtures and fittings	25
	Office Equipment	25

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 May 24	183	14,286	14,469
Additions	-	924	924
At 30 April 25	183	15,210	15,393
Depreciation and impairment
At 01 May 24	163	10,016	10,179
Charge for year	5	1,203	1,208
At 30 April 25	168	11,219	11,387
Net book value
At 30 April 25	15	3,991	4,006
At 30 April 24	20	4,270	4,290

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	2,295
Prepayments and accrued income	5,194	4,518
Total	5,194	6,813

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	119	21
Taxation and social security	9,115	3,085
Other creditors	11,699	1,200
Total	20,933	4,306


	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.