Guard Global Limited - Accounts to registrar (filleted) - small 23.2.5
Guard Global Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| FOR |
| GUARD GLOBAL LIMITED |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Report of the Accountants | 7 |
| GUARD GLOBAL LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 45 Queen Street |
| Deal |
| Kent |
| CT14 6EY |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| BALANCE SHEET |
| 29 NOVEMBER 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 9 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| BALANCE SHEET - continued |
| 29 NOVEMBER 2022 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| Guard Global Limited is a |
| The financial statements are presented in round pounds £ sterling. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on a going concern basis as the company receives continued support from its parent company by way of an inter company loan. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 period was |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2021 |
| Additions |
| At 29 November 2022 |
| DEPRECIATION |
| At 1 December 2021 |
| Charge for period |
| At 29 November 2022 |
| NET BOOK VALUE |
| At 29 November 2022 |
| At 30 November 2021 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments includes: |
| Unlisted Investments |
| A shareholding in Power Transitions Ltd, valued at £785,000. |
| Investments in Joint Ventures |
| A 51% shareholding in Guard Global Centre of Excellence Pvt Limited, based in India, recognised at cost of £2,442. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Tax |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Amounts owed to group undertakings |
| Amounts owed to joint ventures |
| VAT |
| Other creditors |
| Directors' current accounts |
| Accrued expenses |
| GUARD GLOBAL LIMITED (REGISTERED NUMBER: 09379772) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1 DECEMBER 2021 TO 29 NOVEMBER 2022 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2022 | 2021 |
| £ | £ |
| Deferred tax | 149,150 | 149,150 |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2021 |
| Balance at 29 November 2022 |
| The above is in regard of the fair value adjustment in respect of the Company Investments. |
| 9. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1 December 2021 |
| and 29 November 2022 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended 29 November 2022 and the year ended 30 November 2021: |
| 2022 | 2021 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| GUARD GLOBAL LIMITED |
| REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF |
| GUARD GLOBAL LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 29 November 2022 set out on pages one to ten and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 45 Queen Street |
| Deal |
| Kent |
| CT14 6EY |
| Date: ............................................. |