Guy & Co Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Guy & Co Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC461108 . The registered office is Bearford House, 39, Hanover Street, Edinburgh, EH2 2PJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services inclusive of direct expenses incurred on client deliverables.

Where the outcome of a project can be estimated reliably and the revenue associated with the project can be estimated reliably, the project revenue is recognised in the profit and loss account by reference to the stage of completion at the balance sheet date, if the right to the consideration has been obtained through performance.

Factors taken into account in assessing the percentage completion of a project include, hours worked against expected hours, project phases, milestones or deliverables completed.

Consideration accrues as project activity progresses by reference to the value of work performed. Where the value of consideration exceeds the amount invoiced, this is recognised as accrued income within debtors. Where the amount invoiced exceeds the value of project work performed the excess is recognised as deferred income within creditors. If the right to consideration is conditional or contingent on a specified future event or outcome, the occurrence of which is outside the Company's control, turnover is not recognised until that critical event occurs.

When services are performed by an indeterminate number of acts over a specified period of time, revenue is recognised on a straight-line basis over the specified period unless there is evidence that some other method better represents the stage of completion.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	33% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	20% Straight Line
Computer Equipment	33% Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Guy & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 25)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	11,609	108,124	37,511	40,730	197,974
Additions	279	-	730	3,318	4,327

As at 31 October 2025	11,888	108,124	38,241	44,048	202,301

Depreciation
As at 1 November 2024	9,920	51,809	34,007	33,062	128,798
Provided during the period	1,370	27,031	2,003	5,877	36,281

As at 31 October 2025	11,290	78,840	36,010	38,939	165,079

Net Book Value
As at 31 October 2025	598	29,284	2,231	5,109	37,222

As at 1 November 2024	1,689	56,315	3,504	7,668	69,176

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	435,551	473,072
Other debtors	93,447	46,077

	528,998	519,149

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Guy & Co Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,465	14,801
Trade creditors	130,932	111,132
Other creditors	436,763	467,695
Taxation and social security	102,918	124,559

	673,078	718,187

Market Finance Limited hold a fixed charge and floating charge over all the property or undertakings of the company.

7. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,465	14,801
Later than one year and not later than five years	-	2,466

	2,465	17,267

	2,465	17,267

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
2 Ordinary A shares of £ 1.00 each	2	2
159 Ordinary B shares of £ 1.00 each	159	159
9 Ordinary C shares of £ 1.00 each	9	9

	170	170

9. Related Party Transactions

At 31 October 2025 the company owed £28,673 to In The Moment Experiences Ltd, a company in which the director of the company holds a 30% shareholding and a directorship. The balance arose in the ordinary course of business and was on normal commercial terms. No guarantees were given or received and the balance is unsecured.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		37,222		69,176

			37,222		69,176
CURRENT ASSETS
Debtors	5	528,998		519,149
Cash at bank and in hand		164,506		297,140

		693,504		816,289
Creditors: Amounts Falling Due Within One Year	6	(673,078 )		(718,187 )

NET CURRENT ASSETS (LIABILITIES)			20,426		98,102

TOTAL ASSETS LESS CURRENT LIABILITIES			57,648		167,278

Creditors: Amounts Falling Due After More Than One Year			-		(2,466 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,679 )		(15,576 )

NET ASSETS			48,969		149,236

CAPITAL AND RESERVES
Called up share capital	8		170		170
Profit and Loss Account			48,799		149,066

SHAREHOLDERS' FUNDS			48,969		149,236