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REGISTERED NUMBER: 01441775 (England and Wales)















STUART FYFE SERVICES LIMITED

Unaudited Financial Statements for the Year Ended 31 May 2024






STUART FYFE SERVICES LIMITED (REGISTERED NUMBER: 01441775)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STUART FYFE SERVICES LIMITED

Company Information
for the year ended 31 May 2024







DIRECTOR: M D Slack





REGISTERED OFFICE: 150 Fawcett Road
Southsea
Hampshire
PO4 0DW





REGISTERED NUMBER: 01441775 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

STUART FYFE SERVICES LIMITED (REGISTERED NUMBER: 01441775)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,790 209,737
Investments 5 15,001 15,001
182,791 224,738

CURRENT ASSETS
Debtors 6 28 26
Cash at bank 68,199 74,011
68,227 74,037
CREDITORS
Amounts falling due within one year 7 200,500 201,600
NET CURRENT LIABILITIES (132,273 ) (127,563 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,518

97,175

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,418 97,075
SHAREHOLDERS' FUNDS 50,518 97,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 FYFE SERVICES LIMITED (REGISTERED NUMBER: 01441775)

Balance Sheet - continued
31 May 2024


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 director and authorised for issue on 19 July 2024 and were signed by:





M D Slack - Director


STUART FYFE SERVICES LIMITED (REGISTERED NUMBER: 01441775)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Stuart Fyfe Services 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.

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 etc - 25% on cost and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

STUART FYFE SERVICES LIMITED (REGISTERED NUMBER: 01441775)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 3,317 340,499 5,223 349,039
Disposals (3,317 ) - - (3,317 )
At 31 May 2024 - 340,499 5,223 345,722
DEPRECIATION
At 1 June 2023 3,317 130,762 5,223 139,302
Charge for year - 41,947 - 41,947
Eliminated on disposal (3,317 ) - - (3,317 )
At 31 May 2024 - 172,709 5,223 177,932
NET BOOK VALUE
At 31 May 2024 - 167,790 - 167,790
At 31 May 2023 - 209,737 - 209,737

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 15,001
NET BOOK VALUE
At 31 May 2024 15,001
At 31 May 2023 15,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 28 26

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 200,500 201,600

8. RELATED PARTY DISCLOSURES

During the year the company charged car hire and management fees of £Nil (2023 - £26,100 ) to Saxon UK Developments Limited a company in which M Slack, the director of the company, is also a director.