1 April 2022 false No description of principal activity Taxfiler 2023.10.1 SC592559business:PrivateLimitedCompanyLtd2022-04-012023-03-31 SC5925592022-03-31 SC5925592022-04-012023-03-31 SC592559business:AuditExemptWithAccountantsReport2022-04-012023-03-31 SC592559business:AbridgedAccounts2022-04-012023-03-31 SC5925592023-03-31 SC592559business:Director12022-04-012023-03-31 SC592559business:Director22022-04-012023-03-31 SC592559business:RegisteredOffice2022-04-012023-03-31 SC5925592022-03-31 SC592559core:WithinOneYear2023-03-31 SC592559core:WithinOneYear2022-03-31 SC592559core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC592559core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 SC592559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC592559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 SC592559core:PreviouslyStatedAmount2023-03-31 SC592559core:PreviouslyStatedAmount2022-03-31 SC592559business:SmallEntities2022-04-012023-03-31 SC592559countries:Scotland2022-04-012023-03-31 SC592559core:PlantMachinery2022-04-012023-03-31 SC592559core:MotorVehicles2022-04-012023-03-31 SC592559core:ComputerEquipment2022-04-012023-03-31 SC5925592021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC592559 (Scotland)
Stewart Ground Solutions Limited Unaudited accounts for the year ended 31 March 2023
Stewart Ground Solutions Limited Unaudited accounts Contents
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Stewart Ground Solutions Limited Company Information for the year ended 31 March 2023
Directors
J Stewart G Grant
Company Number
SC592559 (Scotland)
Registered Office
C/o CMM Accountancy The Green House Beechwood Business Park North Inverness IV2 3BL
Accountants
CMM Accountancy (Inverness) Limited The Green House Beechwood Business Park North Inverness IV2 3BL
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Stewart Ground Solutions Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,487 
18,811 
Current assets
Inventories
1,112 
1,368 
Debtors
15,300 
16,071 
Cash at bank and in hand
16,350 
3,598 
32,762 
21,037 
Creditors: amounts falling due within one year
(19,710)
(15,992)
Net current assets
13,052 
5,045 
Total assets less current liabilities
28,539 
23,856 
Provisions for liabilities
Deferred tax
(2,942)
(3,574)
Net assets
25,597 
20,282 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,497 
20,182 
Shareholders' funds
25,597 
20,282 
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 16 November 2023 and were signed on its behalf by
J Stewart Director Company Registration No. SC592559
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Stewart Ground Solutions Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Stewart Ground Solutions Limited is a private company, limited by shares, registered in Scotland, registration number SC592559. The registered office is C/o CMM Accountancy, The Green House, Beechwood Business Park North, Inverness, IV2 3BL.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Computer equipment
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Stewart Ground Solutions Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
28,122 
Additions
569 
At 31 March 2023
28,691 
Depreciation
At 1 April 2022
9,311 
Charge for the year
3,893 
At 31 March 2023
13,204 
Net book value
At 31 March 2023
15,487 
At 31 March 2022
18,811 
5
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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