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REGISTERED NUMBER: 07000454 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

L J STEWARD LTD

L J STEWARD LTD (REGISTERED NUMBER: 07000454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L J STEWARD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs Y D Steward
Mr M L Steward
Mr A J Steward





SECRETARY: Mr M L Steward





REGISTERED OFFICE: Hopton Hall
Hall Road
Hopton-on-Sea
Norfolk
NR31 9AX





REGISTERED NUMBER: 07000454 (England and Wales)






L J STEWARD LTD (REGISTERED NUMBER: 07000454)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 673,076 623,803

CURRENT ASSETS
Stocks 104,088 116,602
Debtors 5 927,093 494,705
Prepayments and accrued income 10,496 9,597
Cash at bank and in hand 1,478,304 1,523,440
2,519,981 2,144,344
CREDITORS
Amounts falling due within one year 6 378,169 434,255
NET CURRENT ASSETS 2,141,812 1,710,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,814,888

2,333,892

PROVISIONS FOR LIABILITIES (20,228 ) (4,193 )

ACCRUALS AND DEFERRED INCOME (11,709 ) (12,566 )
NET ASSETS 2,782,951 2,317,133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,782,851 2,317,033
SHAREHOLDERS' FUNDS 2,782,951 2,317,133

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

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

L J STEWARD LTD (REGISTERED NUMBER: 07000454)

STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 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 1st August 2024 and were signed on its behalf by:




Mrs Y D Steward - Director Mr M L Steward - Director




Mr A J Steward - Director


L J STEWARD LTD (REGISTERED NUMBER: 07000454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

L J Steward Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Equipment - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

L J STEWARD LTD (REGISTERED NUMBER: 07000454)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Equipment Totals
£    £    £    £   
COST
At 1st January 2023 728,550 - 85,193 813,743
Additions - 23,041 57,471 80,512
At 31st December 2023 728,550 23,041 142,664 894,255
DEPRECIATION
At 1st January 2023 126,816 - 63,124 189,940
Charge for year 9,571 5,760 15,908 31,239
At 31st December 2023 136,387 5,760 79,032 221,179
NET BOOK VALUE
At 31st December 2023 592,163 17,281 63,632 673,076
At 31st December 2022 601,734 - 22,069 623,803

Included in cost of land and buildings is freehold land of £ 250,000 (2022 - £ 250,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,308 7,317
Other debtors 922,785 487,388
927,093 494,705

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 94,827 97,764
Taxation and social security 164,518 128,993
Other creditors 118,824 207,498
378,169 434,255

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The above advances are unsecured and repayable on demand. Interest has been charged.

8. RELATED PARTY DISCLOSURES

At the year end L J Steward Ltd was owed the following amounts by connected companies:

Kirkley Run Tyres & Wheels Ltd £398,994

Brothers (East Anglia) Ltd £200,000

Southtown Road S/Stn Ltd £134,130

Southquay S/Stn Ltd £151,914

L J STEWARD LTD (REGISTERED NUMBER: 07000454)

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

9. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the directors.