Guildmes Limited - Accounts

Registered number

06007514

Guildmes Limited

Unaudited Report and Accounts

31 March 2014

Guildmes Limited
Registered number:		06007514
Director's Report

The director presents his report and accounts for the year ended 31 March 2014.

Principal activities
The company's principal activity during the year continued to be the provision of management consultancy services.

Directors
The following persons served as directors during the year:

	Mr A L Morris

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 19 July 2014 and signed on its behalf.





Mr A L Morris
Director

Guildmes Limited
Profit and Loss Account
for the year ended 31 March 2014


Notes		2014		2013
£			£

Turnover		61,039		62,197

Administrative expenses		(23,275)		(20,286)
Other operating income		1,994		1,938

Operating profit	2	39,758		43,849

Interest receivable		4		2

Profit on ordinary activities before taxation		39,762		43,851

Tax on profit on ordinary activities	3	(7,955)		(8,770)

Profit for the financial year		31,807		35,081

Guildmes Limited
Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Current assets
Debtors	4	2,024			4,441
Cash at bank and in hand		59,594			39,071
		61,618			43,512

Creditors: amounts falling due within one year	5	(22,593)			(25,053)

Net current assets			39,025			18,459

Net assets			39,025			18,459

Capital and reserves
Called up share capital	6		2			2
Profit and loss account	7		39,023			18,457

Shareholder's funds			39,025			18,459

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Mr A L Morris
Director
Approved by the board on 19 July 2014

Guildmes Limited
Notes to the Accounts
for the year ended 31 March 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Stocks
	Stock is valued at the lower of cost and net realisable value.


2	Operating profit					2014		2013
£							£
	This is stated after charging:

	Directors' remuneration					12,500		9,900


3	Taxation					2014		2013
£							£

	UK corporation tax					7,955		8,770


4	Debtors					2014		2013
£							£

	Trade debtors					(1,135)		-
	Other debtors					3,159		4,441
						2,024		4,441


5	Creditors: amounts falling due within one year					2014		2013
£							£

	Corporation tax					7,955		8,770
	Other taxes and social security costs					3,197		3,561
	Other creditors					11,441		12,722
						22,593		25,053


6	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


7	Profit and loss account					2014
£

	At 1 April 2013					18,457
	Profit for the year					31,807
	Dividends					(11,241)

	At 31 March 2014					39,023


8	Dividends					2014		2013
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					11,241		16,797



9	Related party transactions					2014		2013
£							£
	Mr A L Morris
	Amount due to director					11,441		10,988


10	Ultimate controlling party

	The ultimate controlling party at the balance sheet date was Mr A L Morris.