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REGISTERED NUMBER: NI645303 (Northern Ireland)











Stewart Agri Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






Stewart Agri Ltd (Registered number: NI645303)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Stewart Agri Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Stewart
D Stewart





SECRETARY: Mrs H Stewart





REGISTERED OFFICE: 39 Cavehill Road
Ballinaskeagh
Banbridge
Co. Down
BT32 5DS





REGISTERED NUMBER: NI645303 (Northern Ireland)





ACCOUNTANTS: S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN

Stewart Agri Ltd

Report of the Accountants to the Directors of
Stewart Agri Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M. Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Co. Down
BT32 3HN


3 September 2024

Stewart Agri Ltd (Registered number: NI645303)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 598,097 680,490

CURRENT ASSETS
Stocks 19,700 22,800
Debtors 5 1,539 16,544
Cash at bank and in hand 35,003 11,841
56,242 51,185
CREDITORS
Amounts falling due within one year 6 483,097 435,364
NET CURRENT LIABILITIES (426,855 ) (384,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,242

296,311

CREDITORS
Amounts falling due after more than
one year

7

(46,601

)

(122,722

)

PROVISIONS FOR LIABILITIES (29,198 ) (31,955 )
NET ASSETS 95,443 141,634

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 95,438 141,629
SHAREHOLDERS' FUNDS 95,443 141,634

Stewart Agri Ltd (Registered number: NI645303)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 September 2024 and were signed on its behalf by:




M Stewart - Director



D Stewart - Director


Stewart Agri Ltd (Registered number: NI645303)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Stewart Agri Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% 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.

Stewart Agri Ltd (Registered number: NI645303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


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 1 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2023 960,109 999 961,108
Additions 48,720 - 48,720
Disposals (29,000 ) - (29,000 )
At 31 March 2024 979,829 999 980,828
DEPRECIATION
At 1 April 2023 280,258 360 280,618
Charge for year 117,730 128 117,858
Eliminated on disposal (15,745 ) - (15,745 )
At 31 March 2024 382,243 488 382,731
NET BOOK VALUE
At 31 March 2024 597,586 511 598,097
At 31 March 2023 679,851 639 680,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,539 16,544

Stewart Agri Ltd (Registered number: NI645303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 234 1,116
Hire purchase contracts 76,121 75,042
Trade creditors 4,911 9,883
Taxation and social security 10,640 14,931
Other creditors 391,191 334,392
483,097 435,364

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 46,601 122,722