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REGISTERED NUMBER: SC533374 (Scotland)















Guidi's Ltd

Financial Statements For The Year Ended 30 September 2024






Guidi's Ltd (Registered number: SC533374)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Guidi's Ltd

Company Information
For The Year Ended 30 September 2024







DIRECTOR: Mr D Guidi



REGISTERED OFFICE: 4 North Guildry Street
Elgin
Moray
IV30 IJR



REGISTERED NUMBER: SC533374 (Scotland)



ACCOUNTANTS: The Long Partnership
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Royal Bank of Scotland
209 High Street
Elgin
Moray
IV30 1DL

Guidi's Ltd (Registered number: SC533374)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 85,613 90,444

CURRENT ASSETS
Stocks 56,792 47,797
Debtors 5 21,061 11,367
Cash at bank and in hand 38,770 31,256
116,623 90,420
CREDITORS
Amounts falling due within one year 6 430,179 312,232
NET CURRENT LIABILITIES (313,556 ) (221,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(227,943

)

(131,368

)

CREDITORS
Amounts falling due after more than one
year

7

-

(7,140

)

PROVISIONS FOR LIABILITIES 8 - (14,827 )
NET LIABILITIES (227,943 ) (153,335 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 (228,043 ) (153,435 )
SHAREHOLDERS' FUNDS (227,943 ) (153,335 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Guidi's Ltd (Registered number: SC533374)

Balance Sheet - continued
30 September 2024


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 director and authorised for issue on 15 April 2025 and were signed by:





Mr D A Guidi - Director


Guidi's Ltd (Registered number: SC533374)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Guidi's Ltd is a private company, limited by shares , registered in Scotland. 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.
Equipment - 33% on cost, 25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The balance sheet shows that liabilities exceed assets by £227,943 including a liability to the directors of the company of £324,121. The directors of the company have confirmed that they will maintain financial support for the foreseeable future to enable the company to continue normal trading operations. The financial statements are therefore drawn up on a going concern basis.

Guidi's Ltd (Registered number: SC533374)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 120,095 33,750 1,494 155,339
Additions 16,119 - - 16,119
At 30 September 2024 136,214 33,750 1,494 171,458
DEPRECIATION
At 1 October 2023 49,990 14,430 475 64,895
Charge for year 15,717 4,830 403 20,950
At 30 September 2024 65,707 19,260 878 85,845
NET BOOK VALUE
At 30 September 2024 70,507 14,490 616 85,613
At 30 September 2023 70,105 19,320 1,019 90,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,693 2,873
Other debtors 15,368 8,494
21,061 11,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 7,464 10,648
Hire purchase contracts - 5,416
Trade creditors 39,672 50,115
Taxation and social security 56,213 94,018
Other creditors 326,830 152,035
430,179 312,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 7,140

Guidi's Ltd (Registered number: SC533374)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax - 14,827

Deferred
tax
£   
Balance at 1 October 2023 14,827
Provided during year (14,827 )
Balance at 30 September 2024 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 (153,435 )
Deficit for the year (74,608 )
At 30 September 2024 (228,043 )

11. RELATED PARTY DISCLOSURES

As at 1 October 2023 the company owed the director £140,949. During the year the director met expenditure on behalf of the company amounting to £183,172. As at 30 September 2024 the company owed the director £324,121. This loan is interest free and has no fixed terms of repayment.