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Company registration number: SC643708
G Stuart Contracting Ltd
Unaudited filleted financial statements
31 October 2021
G Stuart Contracting Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
G Stuart Contracting Ltd
Directors and other information
Directors Mr G R Stuart
Mrs S M Stuart
Company number SC643708
Registered office 4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT
Accountants Frame Kennedy
Metropolitan House
31-33 High Street
Inverness
IV1 1HT
G Stuart Contracting Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of G Stuart Contracting Ltd
Year ended 31 October 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G Stuart Contracting Ltd for the year ended 31 October 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of G Stuart Contracting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of G Stuart Contracting Ltd and state those matters that we have agreed to state to the board of directors of G Stuart Contracting Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G Stuart Contracting Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that G Stuart Contracting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G Stuart Contracting Ltd. You consider that G Stuart Contracting Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of G Stuart Contracting Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Frame Kennedy
Chartered Accountants
Metropolitan House
31-33 High Street
Inverness
IV1 1HT
17 August 2022
G Stuart Contracting Ltd
Statement of financial position
31 October 2021
2021 2020
£ £
Fixed assets 2,979 3,000
_______ _______
Current assets 18,207 8,802
Creditors: amounts falling due within one year ( 7,789) ( 5,540)
_______ _______
Net current assets 10,418 3,262
_______ _______
Total assets less current liabilities 13,397 6,262
Accruals and deferred income ( 1,750) ( 750)
_______ _______
Net assets 11,647 5,512
_______ _______
Capital and reserves 11,647 5,512
_______ _______
Notes to the financial statements
G Stuart Contracting Ltd
Year ended 31 October 2021
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2020: 2).
2. Going concern
The directors have considered the financial position of the company and assessed the risks facing its business. In making this assessment they have considered the company's ability to meet its future liabilities as they fall due and to comply with the financial covenants that the company has entered into. The directors have concluded that it is appropriate to use the going concern concept in preparing these financial statements. However, the nature of the COVID-19 pandemic and its effect on the UK economy means that there are material uncertainties inherent in certain assumptions the directors have made in reaching this conclusion.
3. Events after the end of the reporting period
The COVID-19 outbreak has developed rapidly in 2020 and 2021 with a significant number of infections. The exact impact on our activities for the remainder of the pandemic and thereafter cannot be predicted. We also refer to note 3.
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 17 August 2022 , and are signed on behalf of the board by:
Mr G R Stuart
Director
Company registration number: SC643708
The company is a private company limited by shares, registered in Scotland.