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REGISTERED NUMBER: 02273942 (England and Wales)















STUART HIRST LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUART HIRST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: M S Wappett
K M Wappett
P J Wappett





REGISTERED OFFICE: Unit 715e Street 3
Thorp Arch Estate
Wetherby
West Yorkshire
LS23 7FY





REGISTERED NUMBER: 02273942 (England and Wales)





ACCOUNTANTS: DSC
Chartered Accountants
Suite B2 Joseph's Well
Hanover Walk
Westgate
Leeds
West Yorkshire
LS3 1AB

STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,233 29,486
31,233 29,486

CURRENT ASSETS
Stocks 9,000 9,000
Debtors 6 121,301 90,188
Cash at bank 506,085 469,870
636,386 569,058
CREDITORS
Amounts falling due within one year 7 305,661 229,199
NET CURRENT ASSETS 330,725 339,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,958

369,345

PROVISIONS FOR LIABILITIES 5,934 5,602
NET ASSETS 356,024 363,743

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 346,024 353,743
SHAREHOLDERS' FUNDS 356,024 363,743

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

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

The directors acknowledge their 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.

STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





P J Wappett - Director


STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Stuart Hirst 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 has been written off in equal instalments over its estimated economic life of 5 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.
Short leasehold - over the life of the lease
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

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.

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 17,000
AMORTISATION
At 1 November 2022
and 31 October 2023 17,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 November 2022 6,755 108,088 114,843
Additions - 12,158 12,158
At 31 October 2023 6,755 120,246 127,001
DEPRECIATION
At 1 November 2022 6,755 78,602 85,357
Charge for year - 10,411 10,411
At 31 October 2023 6,755 89,013 95,768
NET BOOK VALUE
At 31 October 2023 - 31,233 31,233
At 31 October 2022 - 29,486 29,486

STUART HIRST LIMITED (REGISTERED NUMBER: 02273942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,910 34,610
Other debtors 77,391 55,578
121,301 90,188

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 33,769 28,605
Taxation and social security 35,085 25,800
Other creditors 236,807 174,794
305,661 229,199

8. OTHER FINANCIAL COMMITMENTS

The Company is committed to leases on the properties of £22,200 per year for 5 years, commencing from 1 November 2020.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Stuart Hirst (Holdings) Limited which is registered in England and Wales.