Silverfin false false 31/05/2025 01/06/2024 31/05/2025 Arti Mohammed 25/05/2017 Usman Mohammed 25/05/2017 09 July 2026 The principal activity of the Company during the financial year continued to be that of barbering activities. SC567036 2025-05-31 SC567036 bus:Director1 2025-05-31 SC567036 bus:Director2 2025-05-31 SC567036 2024-05-31 SC567036 core:CurrentFinancialInstruments 2025-05-31 SC567036 core:CurrentFinancialInstruments 2024-05-31 SC567036 core:Non-currentFinancialInstruments 2025-05-31 SC567036 core:Non-currentFinancialInstruments 2024-05-31 SC567036 core:ShareCapital 2025-05-31 SC567036 core:ShareCapital 2024-05-31 SC567036 core:RetainedEarningsAccumulatedLosses 2025-05-31 SC567036 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC567036 core:OtherPropertyPlantEquipment 2024-05-31 SC567036 core:OtherPropertyPlantEquipment 2025-05-31 SC567036 bus:OrdinaryShareClass1 2025-05-31 SC567036 2024-06-01 2025-05-31 SC567036 bus:FilletedAccounts 2024-06-01 2025-05-31 SC567036 bus:SmallEntities 2024-06-01 2025-05-31 SC567036 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 SC567036 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 SC567036 bus:Director1 2024-06-01 2025-05-31 SC567036 bus:Director2 2024-06-01 2025-05-31 SC567036 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-06-01 2025-05-31 SC567036 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-06-01 2025-05-31 SC567036 2023-06-01 2024-05-31 SC567036 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 SC567036 bus:OrdinaryShareClass1 2024-06-01 2025-05-31 SC567036 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC567036 (Scotland)

# GUY & BEARD LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH THE REGISTRAR

GUY & BEARD LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

Contents

GUY & BEARD LIMITED

## BALANCE SHEET

AS AT 31 MAY 2025
GUY & BEARD LIMITED

## BALANCE SHEET (continued)

AS AT 31 MAY 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 319,431 |  | 361,254
|  | 319,431 |  | 361,254
Current assets |  |  |  |
Stocks |  | 3,780 |  | 2,974
Debtors | 4 | 100 |  | 1,795
Cash at bank and in hand |  | 2,437 |  | 9,709
|  | 6,317 |  | 14,478
Creditors: amounts falling due within one year | 5 | ( 237,465) |  | ( 222,206)
Net current liabilities |  | (231,148) |  | (207,728)
Total assets less current liabilities |  | 88,283 |  | 153,526
Creditors: amounts falling due after more than one year | 6 | ( 400,575) |  | ( 526,160)
Net liabilities |  | ( 312,292) |  | ( 372,634)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | ( 312,392 ) |  | ( 372,734 )
Total shareholders' deficit |  | ( 312,292) |  | ( 372,634)

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Guy & Beard Limited (registered number: SC567036) were approved and authorised for issue by the Board of Directors on 09 July 2026. They were signed on its behalf by:

Arti Mohammed Director |  | Usman Mohammed Director

GUY & BEARD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025
GUY & BEARD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Guy & Beard Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 12 Mar Hall Avenue, Bishopton, PA7 5QE, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £312,292. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover from barbering services is recognised at the fair value of the consideration received or receivable provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlement discounts.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 3 - 15 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.
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.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 5

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 June 2024 | 526,978 |  | 526,978
Additions | 1,949 |  | 1,949
Disposals | ( 21,332) |  | ( 21,332)
At 31 May 2025 | 507,595 |  | 507,595
Accumulated depreciation |  |  |
At 01 June 2024 | 165,724 |  | 165,724
Charge for the financial year | 37,212 |  | 37,212
Disposals | ( 14,772) |  | ( 14,772)
At 31 May 2025 | 188,164 |  | 188,164
Net book value |  |  |
At 31 May 2025 | 319,431 |  | 319,431
At 31 May 2024 | 361,254 |  | 361,254

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 100 |  | 1,795

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 4,523 |  | 4,523
Trade creditors | 81,823 |  | 81,079
Other taxation and social security | 34,762 |  | 27,834
Other creditors | 116,357 |  | 108,770
| 237,465 |  | 222,206

Included in other creditors is a loan of £98,275 (2024: £122,875) due to an associated company.

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 16,609 |  | 18,295
Other creditors | 383,966 |  | 507,865
| 400,575 |  | 526,160

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and not yet paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 97,200 |  | 0

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts owed to Key Management Personnel | 383,965 |  | 507,866

This loan is interest free and has no set repayment terms.

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Amounts owed to other related parties | 98,275 |  | 100,875

This loan is interest free and has no set repayment terms.