GUTHRIE & ROBERTSON (SCOTLAND) LTD

Company Registration Number:
SC602554 (Scotland)

Unaudited statutory accounts for the year ended 31 October 2023

Period of accounts

Start date: 1 November 2022

End date: 31 October 2023

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Additional notes
Balance sheet notes

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Balance sheet

As at 31 October 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 0 6,667
Tangible assets: 4 25,485 33,980
Total fixed assets: 25,485 40,647
Current assets
Stocks: 5 10,480 71,037
Debtors: 6 65,026 9,649
Cash at bank and in hand: 91,008 94,096
Total current assets: 166,514 174,782
Creditors: amounts falling due within one year: 7 ( 151,840 ) ( 153,214 )
Net current assets (liabilities): 14,674 21,568
Total assets less current liabilities: 40,159 62,215
Creditors: amounts falling due after more than one year: 8 ( 18,263 ) ( 55,584 )
Provision for liabilities: ( 6,371 ) ( 6,456 )
Total net assets (liabilities): 15,525 175
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 15,425 75
Total Shareholders' funds: 15,525 175

The notes form part of these financial statements

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Balance sheet statements

For the year ending 31 October 2023 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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 4 June 2024
and signed on behalf of the board by:

Name: Mr Craig Hapka
Status: Director

The notes form part of these financial statements

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:Plant and machinery - 25% reducing balanceMotor vehicles - 25% reducing balance

    Intangible fixed assets amortisation policy

    Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:Goodwill - over 5 years

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 11 12

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 November 2022 33,334 33,334
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 33,334 33,334
Amortisation
At 1 November 2022 26,667 26,667
Charge for year 6,667 6,667
On disposals
Other adjustments
At 31 October 2023 33,334 33,334
Net book value
At 31 October 2023 0 0
At 31 October 2022 6,667 6,667

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2022 48,155 46,483 94,638
Additions
Disposals
Revaluations
Transfers
At 31 October 2023 48,155 46,483 94,638
Depreciation
At 1 November 2022 29,884 30,774 60,658
Charge for year 4,568 3,927 8,495
On disposals
Other adjustments
At 31 October 2023 34,452 34,701 69,153
Net book value
At 31 October 2023 13,703 11,782 25,485
At 31 October 2022 18,271 15,709 33,980

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

5. Stocks

2023 2022
£ £
Stocks 10,480 71,037
Total 10,480 71,037

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

6. Debtors

2023 2022
£ £
Trade debtors 64,957 8,612
Other debtors 69 1,037
Total 65,026 9,649

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 64,552 59,935
Taxation and social security 29,317 50,485
Accruals and deferred income 15,813 2,900
Other creditors 42,158 39,894
Total 151,840 153,214

GUTHRIE & ROBERTSON (SCOTLAND) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 18,263 55,584
Total 18,263 55,584