Company registration number SC138693 (Scotland)
THE GUTHRIE GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
THE GUTHRIE GROUP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
THE GUTHRIE GROUP LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
as restated
Notes
£
£
£
£
Fixed assets
Intangible assets
3
365,066
405,629
Tangible assets
4
296,629
357,294
661,695
762,923
Current assets
Stocks
491,409
526,409
Debtors
5
442,097
359,478
Cash at bank and in hand
667,814
720,792
1,601,320
1,606,679
Creditors: amounts falling due within one year
6
(1,151,620)
(1,260,552)
Net current assets
449,700
346,127
Total assets less current liabilities
1,111,395
1,109,050
Creditors: amounts falling due after more than one year
7
(83,333)
(93,364)
Provisions for liabilities
(42,497)
(15,160)
Net assets
985,565
1,000,526
Capital and reserves
Called up share capital
71,100
71,100
Revaluation reserve
8
8,000
8,000
Profit and loss reserves
906,465
921,426
Total equity
985,565
1,000,526
THE GUTHRIE GROUP LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 April 2026 and are signed on its behalf by:
Mrs C Guthrie
Mr G Guthrie
Director
Director
Company registration number SC138693 (Scotland)
THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

The Guthrie Group Limited is a private company limited by shares incorporated in Scotland. The registered office and principal place of business is 2 Drummond Square, Brucefield Industry Park, Livingston, West Lothian, EH54 9DH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied. There were no material departures from that standard.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Prior period error

It was recognised that in prior periods, the previous accountant had incorrectly omitted the disposal of a vehicle from the accounts, as well as including the hire purchase repayments in the profit and loss. As a result, we have adjusted for the vehicle disposal and reallocated the hire purchase payments to the appropriate balance sheet account.

The overall adjustment was a decrease in pre tax profit of £27,609 and a decrease in capital and reserves by £27,609 as disclosed in note 9 to the accounts.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and trade discounts.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs
10 years
1.7
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.11
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are classified as debt and are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 6 -
1.14
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.16
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.17
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
17
18
THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 7 -
3
Intangible fixed assets
Goodwill
Other
Total
£
£
£
Cost
At 1 September 2024 and 31 August 2025
105,500
405,629
511,129
Amortisation and impairment
At 1 September 2024
105,500
-
0
105,500
Amortisation charged for the year
-
0
40,563
40,563
At 31 August 2025
105,500
40,563
146,063
Carrying amount
At 31 August 2025
-
0
365,066
365,066
At 31 August 2024
-
0
405,629
405,629
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2024
738,080
Additions
41,196
Disposals
(67,900)
At 31 August 2025
711,376
Depreciation and impairment
At 1 September 2024
380,786
Depreciation charged in the year
68,150
Eliminated in respect of disposals
(34,189)
At 31 August 2025
414,747
Carrying amount
At 31 August 2025
296,629
At 31 August 2024
357,294
THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 8 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
406,746
344,386
Amounts owed by group undertakings
900
-
0
Other debtors
34,451
15,092
442,097
359,478
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
37,500
99,984
Trade creditors
379,995
409,727
Corporation tax
79,591
55,020
Other taxation and social security
52,806
63,079
Other creditors
601,728
632,742
1,151,620
1,260,552
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
83,333
125,015
Other creditors
-
0
(31,651)
83,333
93,364
8
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
8,000
8,000
THE GUTHRIE GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 9 -
9
Prior period adjustment
Reconciliation of changes in equity
1 September
31 August
2023
2024
£
£
Adjustments to prior year
Motor Vehicle disposal
-
(59,260)
Hire Purchase payments
-
31,651
Total adjustments
-
(27,609)
Equity as previously reported
-
1,028,135
Equity as adjusted
-
1,000,526
Analysis of the effect upon equity
Profit and loss reserves
-
(27,609)
Reconciliation of changes in profit/(loss) for the previous financial period
2024
£
Adjustments to prior year
Loss on sale of asset
(59,260)
Profit as previously reported
41,522
Loss as adjusted
(17,738)
2025-08-31 2024-09-01 false false false 08 April 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs C Guthrie Mr G Guthrie Ms L McMichael SC138693 2024-09-01 2025-08-31 SC138693 2025-08-31 SC138693 2024-08-31 SC138693 core:NetGoodwill 2025-08-31 SC138693 core:IntangibleAssetsOtherThanGoodwill 2025-08-31 SC138693 core:NetGoodwill 2024-08-31 SC138693 core:IntangibleAssetsOtherThanGoodwill 2024-08-31 SC138693 core:OtherPropertyPlantEquipment 2025-08-31 SC138693 core:OtherPropertyPlantEquipment 2024-08-31 SC138693 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 SC138693 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC138693 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 SC138693 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC138693 core:CurrentFinancialInstruments 2025-08-31 SC138693 core:CurrentFinancialInstruments 2024-08-31 SC138693 core:ShareCapital 2025-08-31 SC138693 core:ShareCapital 2024-08-31 SC138693 core:RevaluationReserve 2025-08-31 SC138693 core:RevaluationReserve 2024-08-31 SC138693 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC138693 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC138693 bus:Director1 2024-09-01 2025-08-31 SC138693 bus:Director2 2024-09-01 2025-08-31 SC138693 core:Goodwill 2024-09-01 2025-08-31 SC138693 core:IntangibleAssetsOtherThanGoodwill 2024-09-01 2025-08-31 SC138693 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-09-01 2025-08-31 SC138693 core:PlantMachinery 2024-09-01 2025-08-31 SC138693 core:FurnitureFittings 2024-09-01 2025-08-31 SC138693 core:MotorVehicles 2024-09-01 2025-08-31 SC138693 core:NetGoodwill 2024-08-31 SC138693 core:IntangibleAssetsOtherThanGoodwill 2024-08-31 SC138693 2024-08-31 SC138693 core:NetGoodwill 2024-09-01 2025-08-31 SC138693 core:OtherPropertyPlantEquipment 2024-08-31 SC138693 core:OtherPropertyPlantEquipment 2024-09-01 2025-08-31 SC138693 core:Non-currentFinancialInstruments 2025-08-31 SC138693 core:Non-currentFinancialInstruments 2024-08-31 SC138693 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC138693 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC138693 bus:FRS102 2024-09-01 2025-08-31 SC138693 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 SC138693 bus:CompanySecretary1 2024-09-01 2025-08-31 SC138693 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP