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REGISTERED NUMBER: 06259330 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Stuart Ritchie Tait Limited

Stuart Ritchie Tait Limited (Registered number: 06259330)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart Ritchie Tait Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Miss L Robinson





SECRETARY: Miss L Robinson





REGISTERED OFFICE: 14 Green Square
Whitley Bay
Tyne and Wear
NE25 9SJ





REGISTERED NUMBER: 06259330 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

Stuart Ritchie Tait Limited (Registered number: 06259330)

Balance Sheet
30 September 2023

30/9/23 30/9/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,845 7,955
6,845 7,955

CURRENT ASSETS
Debtors 6 5,825 4,584
Cash at bank 30,626 16,833
36,451 21,417
CREDITORS
Amounts falling due within one year 7 17,222 14,113
NET CURRENT ASSETS 19,229 7,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,074

15,259

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 26,072 15,257
SHAREHOLDERS' FUNDS 26,074 15,259

Stuart Ritchie Tait Limited (Registered number: 06259330)

Balance Sheet - continued
30 September 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 February 2024 and were signed by:





Miss L Robinson - Director


Stuart Ritchie Tait Limited (Registered number: 06259330)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Stuart Ritchie Tait Limited is a private company, limited by shares , registered in England and Wales. 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Equipment, fixtures & fittings - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Stuart Ritchie Tait Limited (Registered number: 06259330)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 44,000
AMORTISATION
At 1 October 2022
and 30 September 2023 44,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Equipment,
fixtures Computer
& fittings equipment Totals
£    £    £   
COST
At 1 October 2022 15,218 3,907 19,125
Additions 277 2,205 2,482
Disposals - (2,273 ) (2,273 )
At 30 September 2023 15,495 3,839 19,334
DEPRECIATION
At 1 October 2022 7,983 3,187 11,170
Charge for year 2,618 974 3,592
Eliminated on disposal - (2,273 ) (2,273 )
At 30 September 2023 10,601 1,888 12,489
NET BOOK VALUE
At 30 September 2023 4,894 1,951 6,845
At 30 September 2022 7,235 720 7,955

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Trade debtors 4,233 4,427
Other debtors 1,592 157
5,825 4,584

Stuart Ritchie Tait Limited (Registered number: 06259330)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Taxation and social security 16,784 13,241
Other creditors 438 872
17,222 14,113