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REGISTERED NUMBER: SC439267 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

T Stewart Joiners Ltd

T Stewart Joiners Ltd (Registered number: SC439267)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


T Stewart Joiners Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: T Stewart





SECRETARY: K Stewart





REGISTERED OFFICE: 6 Hunters Grove
East Kilbride
G74 3HZ





REGISTERED NUMBER: SC439267 (Scotland)





ACCOUNTANTS: Oak Accountancy Solutions Ltd
Suite 3 & 4
Orbital House
3 Redwood Crescent
East Kilbride
Glasgow
G74 5PA

T Stewart Joiners Ltd (Registered number: SC439267)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 10,000
Tangible assets 5 1,035 1,380
11,035 11,380

CURRENT ASSETS
Cash at bank and in hand 4,217 989

CREDITORS
Amounts falling due within one year 6 5,202 3,826
NET CURRENT LIABILITIES (985 ) (2,837 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,050

8,543

PROVISIONS FOR LIABILITIES 197 262
NET ASSETS 9,853 8,281

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 7 9,843 8,271
SHAREHOLDERS' FUNDS 9,853 8,281

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

T Stewart Joiners Ltd (Registered number: SC439267)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 October 2023 and were signed by:





T Stewart - Director


T Stewart Joiners Ltd (Registered number: SC439267)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

T Stewart Joiners Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of sales tax, trade discounts and customer returns.

Goodwill
It is the opinion of the director that the goodwill purchased will not decrease in value and as a result the goodwill has not been amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

T Stewart Joiners Ltd (Registered number: SC439267)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 10,000
NET BOOK VALUE
At 31 August 2023 10,000
At 31 August 2022 10,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022
and 31 August 2023 18,399
DEPRECIATION
At 1 September 2022 17,019
Charge for year 345
At 31 August 2023 17,364
NET BOOK VALUE
At 31 August 2023 1,035
At 31 August 2022 1,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 4,770 3,639
Other creditors 432 187
5,202 3,826

7. RESERVES
Retained
earnings
£   

At 1 September 2022 8,271
Profit for the year 20,072
Dividends (18,500 )
At 31 August 2023 9,843

T Stewart Joiners Ltd (Registered number: SC439267)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £14,800 were paid to the director .

The company operates a current account with its director, T Stewart. The amount owed to him at the balance
sheet date was £257 (2022 - £88).

The current account is repayable on demand and no interest is chargeable.

9. CONTROLLING PARTY

The company was controlled throughout the year by its director, T Stewart.