Hello werty.
I think the contents that are viewable to the guest account are the "shared folders", or is this incorrect? The guest account should not be able to see all your files and folders, only shared folders and public folders, according to your settings in "advanced sharing options" (Found by typing the phrase without quotes into your start menu search bar).
If you do not want that function, make sure to turn off public folder sharing and file and printer sharing, and make sure you turn password protected sharing ON (so a password is required for any networked computers as added security).