REGISTERED NUMBER: 04189051 (England and Wales)

Financial Statements for the Year Ended 31 March 2026

for

Guitar Village Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D G Eyre-Walker

Mrs C M Eyre-Walker

SECRETARY:

Mrs C M Eyre-Walker

REGISTERED OFFICE:

80 West Street

Farnham

Surrey

GU9 7EN

REGISTERED NUMBER:

04189051 (England and Wales)

ACCOUNTANTS:

CSL Partnership (Woking) Limited

Atlantic House

Unit 4D Lansbury Business Estate

102 Lower Guildford Road, Knaphill

Woking

Surrey

GU21 2EP

FIXED ASSETS

Intangible assets

4

9,500

19,000

Property, plant and equipment

5

5,962

7,949

15,462

26,949

CURRENT ASSETS

Inventories

830,490

852,510

Debtors

6

1,026

488

Cash at bank

521,337

448,869

1,352,853

1,301,867

CREDITORS

Amounts falling due within one year

7

(134,017

)

(157,376

)

NET CURRENT ASSETS

1,218,836

1,144,491

TOTAL ASSETS LESS CURRENT LIABILITIES

1,234,298

1,171,440

PROVISIONS FOR LIABILITIES

(1,457

)

(1,723

)

NET ASSETS

1,232,841

1,169,717

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,232,741

1,169,617

SHAREHOLDERS' FUNDS

1,232,841

1,169,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2026 and were signed on its behalf by:

D G Eyre-Walker - Director

1.	STATUTORY INFORMATION

Guitar Village 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.

Revenue

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Inventories

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

190,000

AMORTISATION

At 1 April 2025

171,000

Amortisation for year

9,500

At 31 March 2026

180,500

NET BOOK VALUE

At 31 March 2026

9,500

At 31 March 2025

19,000

5.	PROPERTY, PLANT AND EQUIPMENT

Office

equipment

£

COST

At 1 April 2025

and 31 March 2026

19,315

DEPRECIATION

At 1 April 2025

11,366

Charge for year

1,987

At 31 March 2026

13,353

NET BOOK VALUE

At 31 March 2026

5,962

At 31 March 2025

7,949

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

1,026

488

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

37,755

46,545

Taxation and social security

90,991

103,415

Other creditors

5,271

7,416

134,017

157,376