Registered number
01304208
Stewart & Young Limited
Filleted Accounts
31 March 2023
Stewart & Young Limited
Registered number: 01304208
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 66,833 58,111
Current assets
Stocks 58,186 47,065
Debtors 4 30,629 20,417
Cash at bank and in hand 490 22,952
89,305 90,434
Creditors: amounts falling due within one year 5 (134,618) (137,516)
Net current liabilities (45,313) (47,082)
Net assets 21,520 11,029
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,420 10,929
Shareholders' funds 21,520 11,029
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
TC Young
Director
Approved by the board on 17 October 2023
Stewart & Young Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 13 13
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 50,605 172,002 222,607
Additions - 31,000 31,000
At 31 March 2023 50,605 203,002 253,607
Depreciation
At 1 April 2022 49,423 115,073 164,496
Charge for the year 296 21,982 22,278
At 31 March 2023 49,719 137,055 186,774
Net book value
At 31 March 2023 886 65,947 66,833
At 31 March 2022 1,182 56,929 58,111
4 Debtors 2023 2022
£ £
Trade debtors 29,344 19,491
Other debtors 1,285 926
30,629 20,417
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 45,268 72,431
Taxation and social security costs 41,180 53,625
Other creditors 48,170 11,460
134,618 137,516
6 Other information
Stewart & Young Limited is a private company limited by shares and incorporated in England. Its registered office is:
Mildenham Mill
Egg Lane
Claines
Worcestershire
WR3 7SA
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