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Unaudited Financial Statements |
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For The Year Ended 31st May 2017 |
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Guard Tillman Pollock Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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For The Year Ended 31st May 2017 |
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for |
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Guard Tillman Pollock Limited |
Guard Tillman Pollock Limited (Registered number: 04460311) |
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Contents of the Financial Statements |
For The Year Ended 31st May 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Guard Tillman Pollock Limited |
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Company Information |
For The Year Ended 31st May 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Ground Floor |
31 Kentish Town Road |
London |
NW1 8NL |
Guard Tillman Pollock Limited (Registered number: 04460311) |
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Balance Sheet |
31st May 2017 |
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31.5.17 | 31.5.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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 Tillman Pollock Limited (Registered number: 04460311) |
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Balance Sheet - continued |
31st May 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Guard Tillman Pollock Limited (Registered number: 04460311) |
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Notes to the Financial Statements |
For The Year Ended 31st May 2017 |
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1. | STATUTORY INFORMATION |
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Guard Tillman Pollock Limited is a
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and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents net fees receivable in respect of services provided during the period, |
excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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Financial instruments |
Trade and other debtors |
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised |
cost using the effective interest method, less impairment losses for bad and doubtful debts |
except where the effect of discounting would be immaterial. In such cases, the receivables are |
stated at cost less impairment losses for bad and doubtful debts. |
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Trade debtors are assessed for impairment at the end of each reporting period and amounts |
impaired are deducted and charged to the Profit and Loss Account. |
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Trade and other creditors |
Trade and other creditors are initially recognised at fair value and thereafter stated at |
amortised costs using the effective interest method unless the effect of discounting would be |
immaterial in which case they are stated at cost. |
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Guard Tillman Pollock Limited (Registered number: 04460311) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st May 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Guard Tillman Pollock Limited (Registered number: 04460311) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st May 2017 |
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4. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1st June 2016 |
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Additions |
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At 31st May 2017 |
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DEPRECIATION |
At 1st June 2016 |
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Charge for year |
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At 31st May 2017 |
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NET BOOK VALUE |
At 31st May 2017 |
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At 31st May 2016 |
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5. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR |
31.5.17 | 31.5.16 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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Guard Tillman Pollock Limited (Registered number: 04460311) |
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Notes to the Financial Statements - continued |
For The Year Ended 31st May 2017 |
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7. | RELATED PARTY DISCLOSURES |
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During the year, the company was owed £138 (2016: £Nil) by Mark Guard Limited, a |
company in which all the directors are shareholders. |
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The company was invoiced for £34,204 (2016: £24,933) for services provided by a business |
in which Mr K Tillman has an interest. |
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The company was invoiced £96,702 (2016: £72,000) for consultancy services and |
contribution to office facilities provided by a business in which Mr M Guard has an interest. |
At the balance sheet date, the company owed £5,919 (2015: £4,628) to the director. This |
balance is included in other creditors and is repayable on demand. |
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All the above transactions were conducted at arms length. |
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8. | ULTIMATE CONTROLLING PARTY |
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Throughout the current and previous year, the company was controlled by the directors, by |
virtue of their 100% ownership of the issued shares in the company. |
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9. | FIRST YEAR ADOPTION |
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These are the first financial statements that comply with FRS 102 Section 1A. The company |
transitioned to FRS 102 Section 1A on 1st June 2016. |
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No transitional adjustments were required in equity or profit or loss for the year. |