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REGISTERED NUMBER: 07384230 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

GUTHRIE DOUGLAS LIMITED

GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUTHRIE DOUGLAS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTORS: Mrs R J Kitching
A J W Kitching
D R Pooley





SECRETARY: Mrs R J Kitching





REGISTERED OFFICE: Unit 3
Titan Business Centre
Spartan Close
Warwick
Warwickshire
CV34 6RR





REGISTERED NUMBER: 07384230 (England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,092,490 275,864

CURRENT ASSETS
Stocks 934,583 723,611
Debtors 5 1,603,793 1,301,994
Cash at bank and in hand 250,381 942,770
2,788,757 2,968,375
CREDITORS
Amounts falling due within one year 6 1,673,455 1,400,635
NET CURRENT ASSETS 1,115,302 1,567,740
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,207,792

1,843,604

CREDITORS
Amounts falling due after more than one
year

7

(488,534

)

(184,419

)

PROVISIONS FOR LIABILITIES (136,327 ) (46,984 )
NET ASSETS 1,582,931 1,612,201

CAPITAL AND RESERVES
Called up share capital 2,697 2,667
Capital redemption reserve 12,333 12,333
Retained earnings 1,567,901 1,597,201
1,582,931 1,612,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)

BALANCE SHEET - continued
30 September 2023


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 7 March 2024 and were signed on its behalf by:





A J W Kitching - Director


GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Guthrie Douglas 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Equal instalments over period of lease
Plant and machinery - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 29 ) .

GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 143,748 366,282 43,300
Additions 747,498 (10,123 ) 66,537
Disposals - - -
At 30 September 2023 891,246 356,159 109,837
DEPRECIATION
At 1 October 2022 72,133 256,654 24,231
Charge for year 36,437 29,193 6,501
Eliminated on disposal - (49,640 ) -
At 30 September 2023 108,570 236,207 30,732
NET BOOK VALUE
At 30 September 2023 782,676 119,952 79,105
At 30 September 2022 71,615 109,628 19,069

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 99,513 197,284 850,127
Additions 61,549 25,504 890,965
Disposals (73,499 ) (1,594 ) (75,093 )
At 30 September 2023 87,563 221,194 1,665,999
DEPRECIATION
At 1 October 2022 72,500 148,745 574,263
Charge for year 19,750 29,749 121,630
Eliminated on disposal (71,349 ) (1,395 ) (122,384 )
At 30 September 2023 20,901 177,099 573,509
NET BOOK VALUE
At 30 September 2023 66,662 44,095 1,092,490
At 30 September 2022 27,013 48,539 275,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 730,981 874,013
Amounts owed by group undertakings 488,685 200,570
Other debtors 3,669 -
Tax 95,751 -
VAT 46,229 -
Prepayments 238,478 227,411
1,603,793 1,301,994

GUTHRIE DOUGLAS LIMITED (REGISTERED NUMBER: 07384230)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 139,000 40,000
Hire purchase contracts (see note 8) 24,405 32,225
Trade creditors 539,180 409,557
Amounts owed to group undertakings 347,104 323,367
Tax - 48,251
Social security and other taxes 37,072 72,781
Other creditors 7,143 4,493
Directors' current accounts 88,821 88,821
Accrued expenses 490,730 381,140
1,673,455 1,400,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 139,000 40,000
Bank loans - 2-5 years 294,167 86,667
Hire purchase contracts (see note 8) 55,367 57,752
488,534 184,419

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 24,405 32,225
Between one and five years 55,367 57,752
79,772 89,977

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,550 19,697
Between one and five years 2,658 36,327
In more than five years 1,442,883 -
1,455,091 56,024