Company Registration No. 12830442 (England and Wales)
Stewart Wells Interim Management Limited
Unaudited accounts
for the year ended 31 March 2023
Stewart Wells Interim Management Limited
Unaudited accounts
Contents
Stewart Wells Interim Management Limited
Company Information
for the year ended 31 March 2023
Directors
Stewart Howat Wells
Katherine Anne Wells
Company Number
12830442 (England and Wales)
Registered Office
OCTOBER COTTAGE
BICESTER
OXFORDSHIRE
OX26 5DS
ENGLAND
Accountants
MC Accountancy Limited
4 Catterick Road
Bicester
Oxfordshire
OX26 1AW
Stewart Wells Interim Management Limited
Accountants' report
Accountants' report to the board of directors of Stewart Wells Interim Management Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MC Accountancy Limited
4 Catterick Road
Bicester
Oxfordshire
OX26 1AW
12 October 2023
Stewart Wells Interim Management Limited
Statement of financial position
as at 31 March 2023
Tangible assets
11,118
12,881
Cash at bank and in hand
10,661
40,805
Creditors: amounts falling due within one year
(5,988)
(21,651)
Net current assets
4,673
24,854
Total assets less current liabilities
15,791
37,735
Provisions for liabilities
Deferred tax
(2,112)
(2,448)
Called up share capital
100
100
Profit and loss account
13,579
35,187
Shareholders' funds
13,679
35,287
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by
Stewart Howat Wells
Director
Company Registration No. 12830442
Stewart Wells Interim Management Limited
Notes to the Accounts
for the year ended 31 March 2023
Stewart Wells Interim Management Limited is a private company, limited by shares, registered in England and Wales, registration number 12830442. The registered office is OCTOBER COTTAGE, BICESTER, OXFORDSHIRE, OX26 5DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
15,542
625
16,167
At 31 March 2023
15,542
625
16,167
At 1 April 2022
2,870
416
3,286
Charge for the year
1,554
209
1,763
At 31 March 2023
4,424
625
5,049
At 31 March 2023
11,118
-
11,118
At 31 March 2022
12,672
209
12,881
Amounts falling due within one year
Stewart Wells Interim Management Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(1,919)
7,963
Loans from directors
7,667
11,289
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).