Company Registration No. 08709867 (England and Wales)
Guthrie & Ghani Limited
Unaudited accounts
for the year ended 31 March 2025
Guthrie & Ghani Limited
Unaudited accounts
Contents
Guthrie & Ghani Limited
Company Information
for the year ended 31 March 2025
Company Number
08709867 (England and Wales)
Registered Office
169 Alcester Road
Birmingham
West Midlands
B13 8JR
England
Accountants
Integritax Accountants Ltd
68 Yardley Road
Acocks Green
Birmingham
B27 6LG
Guthrie & Ghani Limited
Statement of financial position
as at 31 March 2025
Intangible assets
26,057
30,661
Tangible assets
39,166
29,192
Inventories
120,000
120,000
Cash at bank and in hand
225,171
329,017
Creditors: amounts falling due within one year
(128,223)
(156,205)
Net current assets
250,788
297,209
Total assets less current liabilities
316,011
357,062
Creditors: amounts falling due after more than one year
(32,231)
(37,926)
Net assets
283,780
319,136
Called up share capital
100
100
Profit and loss account
283,680
319,036
Shareholders' funds
283,780
319,136
For the year ending 31 March 2025 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 20 June 2025 and were signed on its behalf by
Lauren Guthrie
Director
Company Registration No. 08709867
Guthrie & Ghani Limited
Notes to the Accounts
for the year ended 31 March 2025
Guthrie & Ghani Limited is a private company, limited by shares, registered in England and Wales, registration number 08709867. The registered office is 169 Alcester Road, Birmingham, West Midlands, B13 8JR, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Guthrie & Ghani Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
Other
Total
At 1 April 2024
16,850
44,853
61,703
At 31 March 2025
16,850
44,853
61,703
At 1 April 2024
1,095
29,947
31,042
Charge for the year
1,095
3,509
4,604
At 31 March 2025
2,190
33,456
35,646
At 31 March 2025
14,660
11,397
26,057
At 31 March 2024
15,755
14,906
30,661
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
60,289
25,573
85,862
Additions
19,644
1,532
21,176
At 31 March 2025
79,933
27,105
107,038
At 1 April 2024
43,511
13,159
56,670
Charge for the year
6,991
4,211
11,202
At 31 March 2025
50,502
17,370
67,872
At 31 March 2025
29,431
9,735
39,166
At 31 March 2024
16,778
12,414
29,192
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
67,415
80,164
Taxes and social security
26,776
50,715
Other creditors
18,943
17,493
Loans from directors
15,089
7,833
Guthrie & Ghani Limited
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 14 (2024: 12).