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No description of principal activity
2022-07-07
Sage Accounts Production Advanced 2023 - FRS102_2023
2,453
2,453
51
51
2,402
xbrli:pure
xbrli:shares
iso4217:GBP
14220467
2022-07-07
2023-07-31
14220467
2023-07-31
14220467
2022-07-06
14220467
bus:LeadAgentIfApplicable
2022-07-07
2023-07-31
14220467
bus:Director1
2022-07-07
2023-07-31
14220467
core:WithinOneYear
2023-07-31
14220467
core:ShareCapital
2023-07-31
14220467
core:RetainedEarningsAccumulatedLosses
2023-07-31
14220467
bus:SmallEntities
2022-07-07
2023-07-31
14220467
bus:AuditExemptWithAccountantsReport
2022-07-07
2023-07-31
14220467
bus:SmallCompaniesRegimeForAccounts
2022-07-07
2023-07-31
14220467
bus:PrivateLimitedCompanyLtd
2022-07-07
2023-07-31
14220467
bus:FullAccounts
2022-07-07
2023-07-31
14220467
core:ComputerEquipment
2022-07-07
2023-07-31
14220467
core:ComputerEquipment
2023-07-31
COMPANY REGISTRATION NUMBER:
14220467
Filleted Unaudited Financial Statements |
|
Period from 7 July 2022 to 31 July 2023
Report to the director on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
3 |
|
|
Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
J Stewart Strategy Ltd |
|
Period from 7 July 2022 to 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J Stewart Strategy Ltd for the period ended 31 July 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of J Stewart Strategy Ltd. Our work has been undertaken solely to prepare for your approval the financial statements of J Stewart Strategy Ltd and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J Stewart Strategy Ltd and its director for our work or for this report.
It is your duty to ensure that J Stewart Strategy Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J Stewart Strategy Ltd. You consider that J Stewart Strategy Ltd is exempt from the statutory audit requirement for the period. We have not been instructed to carry out an audit or a review of the financial statements of J Stewart Strategy Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY
Chartered accountants
216 West George Street
Glasgow
G2 2PQ
7 March 2024
Statement of Financial Position |
|
31 July 2023
Fixed assets
Current assets
Debtors |
6 |
15,411 |
|
Cash at bank and in hand |
92,346 |
|
|
--------- |
|
|
107,757 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
40,295 |
|
|
--------- |
|
Net current assets |
|
67,462 |
|
|
-------- |
Total assets less current liabilities |
|
69,864 |
|
|
-------- |
Net assets |
|
69,864 |
|
|
-------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
Profit and loss account |
|
69,863 |
|
|
-------- |
Shareholders funds |
|
69,864 |
|
|
-------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
7 March 2024
, and are signed on behalf of the board by:
Company registration number:
14220467
Notes to the Financial Statements |
|
Period from 7 July 2022 to 31 July 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Abberton Road, Manchester, M20 1HU, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
1
.
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 7 July 2022 |
– |
Additions |
2,453 |
|
------- |
At 31 July 2023 |
2,453 |
|
------- |
Depreciation |
|
At 7 July 2022 |
– |
Charge for the period |
51 |
|
------- |
At 31 July 2023 |
51 |
|
------- |
Carrying amount |
|
At 31 July 2023 |
2,402 |
|
------- |
|
|
6.
Debtors
|
31 Jul 23 |
|
£ |
Trade debtors |
10,447 |
Other debtors |
4,964 |
|
-------- |
|
15,411 |
|
-------- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Jul 23 |
|
£ |
Corporation tax |
29,673 |
Other creditors |
10,622 |
|
-------- |
|
40,295 |
|
-------- |
|
|
8.
Director's advances, credits and guarantees
At the 31st July 2023 the director was owed £6,975 by the company. The loan is interest free and has no fixed date of repayment.
9.
Controlling party
The company is under the control of the director throughout the period.