1 September 2023 false No description of principal activity Taxfiler 2024.6 SC513462business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC5134622023-08-31 SC5134622023-09-012024-08-31 SC513462business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 SC513462business:FilletedAccounts2023-09-012024-08-31 SC5134622024-08-31 SC513462business:Director12023-09-012024-08-31 SC513462business:RegisteredOffice2023-09-012024-08-31 SC513462core:WithinOneYear2024-08-31 SC513462core:AfterOneYear2024-08-31 SC513462core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC513462core:PreviouslyStatedAmount2024-08-31 SC513462business:SmallEntities2023-09-012024-08-31 SC513462countries:Scotland2023-09-012024-08-31 SC513462core:MotorVehicles2023-09-012024-08-31 SC513462core:FurnitureFittings2023-09-012024-08-31 SC513462core:MotorVehicles2023-08-31 SC513462core:FurnitureFittings2023-08-31 SC513462core:MotorVehicles2024-08-31 SC513462core:FurnitureFittings2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC513462 (Scotland)
Guildauto Limited Unaudited accounts for the year ended 31 August 2024
Guildauto Limited Unaudited accounts Contents
Page
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Guildauto Limited Company Information for the year ended 31 August 2024
Director
Sukhwinder Thind
Company Number
SC513462 (Scotland)
Registered Office
Guildauto Ltd Unit 10 Mosshall Industrial Estate, Blackburn Bathgate West Lothian EH47 7LY Scotland
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Guildauto Limited Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
21,336 
Current assets
Inventories
251,338 
Debtors
308 
Cash at bank and in hand
37,700 
289,346 
Creditors: amounts falling due within one year
(66,904)
Net current assets
222,442 
Total assets less current liabilities
243,778 
Creditors: amounts falling due after more than one year
(210,163)
Net assets
33,615 
Capital and reserves
Profit and loss account
33,615 
Shareholders' funds
33,615 
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 March 2025 and were signed on its behalf by
Sukhwinder Thind Director Company Registration No. SC513462
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Guildauto Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Guildauto Limited is a private company, limited by shares, registered in Scotland, registration number SC513462. The registered office is Guildauto Ltd, Unit 10, Mosshall Industrial Estate, Blackburn, Bathgate, West Lothian, EH47 7LY, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% on cost
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
27,281 
47,320 
74,601 
At 31 August 2024
27,281 
47,320 
74,601 
Depreciation
At 1 September 2023
13,152 
30,456 
43,608 
Charge for the year
4,710 
4,947 
9,657 
At 31 August 2024
17,862 
35,403 
53,265 
Net book value
At 31 August 2024
9,419 
11,917 
21,336 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
308 
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Guildauto Limited Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
158 
VAT
11,002 
Taxes and social security
15,582 
Other creditors
16,383 
Loans from directors
23,583 
Accruals
196 
66,904 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
96,952 
Other creditors
113,211 
210,163 
8
Average number of employees
During the year the average number of employees was 4.
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