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REGISTERED NUMBER: 09979233 (England and Wales)









Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Douglas Stuart Limited

Douglas Stuart Limited (Registered number: 09979233)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Douglas Stuart Limited (Registered number: 09979233)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 81,282 59,390

CURRENT ASSETS
Work in progress 138,040 -
Debtors 5 94,408 37,165
Cash at bank 168,049 344,109
400,497 381,274
CREDITORS
Amounts falling due within one year 6 (99,958 ) (190,585 )
NET CURRENT ASSETS 300,539 190,689
TOTAL ASSETS LESS CURRENT LIABILITIES 381,821 250,079

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 381,819 250,077
SHAREHOLDERS' FUNDS 381,821 250,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 4 September 2023 and were signed by:





Mr J E Usher - Director


Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Douglas Stuart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09979233

Registered office: Bank Top Farm
Hollin Lane
Sutton
Macclesfield
Cheshire
SK11 0HR

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.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 21,304 59,550 - 80,854
Additions 515 34,363 2,156 37,034
At 28 February 2023 21,819 93,913 2,156 117,888
DEPRECIATION
At 1 March 2022 6,576 14,888 - 21,464
Charge for year 2,287 12,597 258 15,142
At 28 February 2023 8,863 27,485 258 36,606
NET BOOK VALUE
At 28 February 2023 12,956 66,428 1,898 81,282
At 28 February 2022 14,728 44,662 - 59,390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 93,913 37,165
Other debtors 495 -
94,408 37,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 6,251 64,189
Taxation and social security 88,651 81,275
Other creditors 5,056 45,121
99,958 190,585

Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 20,600 -
Between one and five years 5,150 -
25,750 -