2024-04-01 2025-03-31 02752146 GREAT GUNS LIMITED false 02752146 2024-04-01 2025-03-31 02752146 uk-bus:Director1 2024-04-01 2025-03-31 02752146 uk-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02752146 uk-bus:SmallEntities 2024-04-01 2025-03-31 02752146 uk-bus:FullAccounts 2024-04-01 2025-03-31 02752146 uk-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02752146 2024-04-01 02752146 2025-03-31 02752146 2024-03-31 xbrli:pure iso4217:GBP 02752146 2023-04-01 2024-03-31

Company Registration Number : 02752146 (England and Wales)
02752146
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-03-31
false
GREAT GUNS LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-04-01
GREAT GUNS LIMITED Unaudited filleted financial statements For the year ended 31 March 2025

GREAT GUNS LIMITED Contents For the year ended 31 March 2025

CONTENTS | PAGE
Company Information | 3
Directors' Report | 4
Accountant's Report | 5
Statement of Financial Position | 6
Notes to the Financial Statements | 7 - 9

GREAT GUNS LIMITED Company Information For the year ended 31 March 2025

Company registration number |  | 02752146 (England and Wales)
Directors |  | Laura Maria Gregory
|  | Ruby Griffiths
Registered office address |  | 2nd Floor Regis House
|  | London
|  | EC4R 9AN
Accountant |  | MBM Balance Ltd
|  | Unit 7 Dane John Works
|  | Canterbury, Kent
|  | CT1 3PP

GREAT GUNS LIMITED Directors' Report For the year ended 31 March 2025

The directors present their report and the Unaudited Financial Statements of the company for the year ended 31 March 2025.
Directors of the company
The following directors held office during the whole of the period:
Laura Maria Gregory
Ruby Griffiths
Principal activity
The principal activity of the company continued to be that of a global film and content production agency.
Small company provision
This report has been prepared in accordance with the special provisions for small companies within Part 15 of the Companies Act 2006.
Statement of Director responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare such financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), FRS 102 1A Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to; -select suitable accounting policies and then apply them consistently; -make judgements and accounting estimates that are reasonable and prudent; and -prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Board of directors and signed on its behalf by:
Laura Maria Gregory (Director)
Date: 31 March 2026
This report was approved by the board on 2026-03-31 Date: 31 March 2026

4

GREAT GUNS LIMITED Accountant's report For the year ended 31 March 2025

Chartered Accountant's report to the board of Directors on the preparation of the unaudited statutory accounts of GREAT GUNS LIMITED for the year ended 31 March 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GREAT GUNS LIMITED for the year ended 31 March 2025 which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations. This report is made solely to the Board of Directors of GREAT GUNS LIMITED, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of GREAT GUNS LIMITED and state those matters that we have agreed to state to the Board of Directors of GREAT GUNS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GREAT GUNS LIMITED and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that GREAT GUNS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GREAT GUNS LIMITED. You consider that GREAT GUNS LIMITED is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of GREAT GUNS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MBM Balance Ltd
Unit 7 Dane John Works Canterbury, Kent CT1 3PP
2026-03-31 Date: 31 March 2026

5

GREAT GUNS LIMITED Statement of Financial Position For the year ended 31 March 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets |  |  | 1 |  | 1
Property, plant and equipment |  |  | 212,073 |  | 212,654
Investments |  |  | 201 |  | 201
| 9 |  | 212,275 |  | 212,856
Current assets |  |  |  |  |
Inventories |  |  | - |  | 5,755
Debtors | 6 |  | 1,171,207 |  | 1,094,186
Cash and cash equivalents |  |  | 51,962 |  | 63,085
|  |  | 1,223,169 |  | 1,163,027
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year | 7 |  | (754,740) |  | (589,565)
|  |  | (754,740) |  | (589,565)
Net current assets/(liabilities) |  |  | 468,429 |  | 573,462
Total assets less current liabilities |  |  | 680,704 |  | 786,318
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year | 8 |  | (672,568) |  | (617,936)
Net assets/(liabilities) |  |  | 8,136 |  | 168,382
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 8,036 |  | 168,282
Shareholder's funds |  |  | 8,136 |  | 168,382
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 31 March 2025 the company was entitled to exemption from audit 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 directors acknowledge their responsibility 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 March 2026
.............................
Laura Maria Gregory (Director)
Company registration number: 02752146

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-03-31 31 March 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 212,275 |  | 212,856
Current Assets |  |  |  | 943,029 |  | 1,157,886
Cash in Hand/Bank |  |  |  | 51,962 |  | 63,085
Prepayments and accrued income |  |  |  | 280,141 |  | 5,141
Creditors: amounts falling due within one year |  |  |  | (754,740) |  | (589,565)
Net current assets/(liabilities) |  |  |  | 468,429 |  | 573,462
Total assets less current liabilities |  |  |  | 680,704 |  | 786,318
CREDITORS: Amounts falling due more than one year |  |  |  | (672,568) |  | (617,936)
Net Assets/(liabilities) |  |  |  | 8,136 |  | 168,382
Capital and Reserves |  |  |  | 8,136 |  | 168,382
Called up share capital |  |  |  | 100 |  | 100
Profit and loss account |  |  |  | 8,036 |  | 168,282
SHAREHOLDER'S FUND |  |  |  | 8,136 |  | 168,382
For the year ending 31/03/2025 the company was entitled to exemption 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. For the year ending 31-03-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge 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 small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 31 March 2026 2026-03-31 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Laura Maria Gregory |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 02752146 |  |  |  |  |  |  |  |  |  |

GREAT GUNS LIMITED Notes to the Financial Statements For the year ended 31 March 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 2nd Floor Regis House, London, EC4R 9AN.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life. Goodwill amortisation is included within administration expenses.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings |
Equipment |
Motor Cars |
Investments in subsidiaries, jointly controlled entities or associates
Investments in subsidiaries, jointly controlled entities or associates are accounted for at cost less provision for impairment.
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. The company as lessee Assets held under finance leases are initially recognised as assets of the company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in the income statement. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases,the aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis over the lease period.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.
(5) Employees
During the year, the average number of employees including director was 4 (2024 : 4).
(6) Debtors
Amounts falling due within one year
| 2025 |  | 2024
| £ |  | £
Trade debtors | 97,605 |  | 251,127
Other debtors | 793,461 |  | 837,918
Prepayments and accrued income | 280,141 |  | 5,141
| 1,171,207 |  | 1,094,186
(7) Creditors: Amounts falling due within one year
| 2025 |  | 2024
| £ |  | £
Trade creditors | 93,156 |  | -
Bank loans and overdrafts | 22 |  | 7,841
Other taxes and social security | 22,002 |  | 8,288
Other creditors | 633,210 |  | 567,087
Accruals and deferred income | 6,350 |  | 6,350
| 754,740 |  | 589,566
(8) Creditors: Amounts falling due after more than one year
| 2025 |  | 2024
| £ |  | £
Other creditors | 672,568 |  | 617,936
| 672,568 |  | 617,936
(9) Fixed assets
| Intangible £ | Tangible £ | Investments £ | Totals £
Cost |  |  |  |
As at 01 April 2024 | 1 | 759,728 | 201 | 759,930
As at 31 March 2025 | 1 | 759,728 | 201 | 759,930
Depreciation/Amortisation |  |  |  |
As at 01 April 2024 | - | 547,074 | - | 547,074
For the year | - | 580 | - | 580
As at 31 March 2025 | - | 547,654 | - | 547,654
Net book value |  |  |  |
As at 31 March 2025 | 1 | 212,074 | 201 | 212,276
As at 31 March 2024 | 1 | 212,654 | 201 | 212,856