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REGISTERED NUMBER: 01501780 (England and Wales)














Financial Statements

for the Year Ended 30 December 2023

for

Alex Stewart Agriculture Limited

Alex Stewart Agriculture Limited (Registered number: 01501780)

Contents of the Financial Statements
for the Year Ended 30 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Alex Stewart Agriculture Limited

Company Information
for the Year Ended 30 December 2023







DIRECTOR: G A Stewart





SECRETARY: G A Stewart





REGISTERED OFFICE: 21 Sefton Business Park
Olympic Way
Netherton
Liverpool
Merseyside
L30 1RD





REGISTERED NUMBER: 01501780 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Alex Stewart Agriculture Limited (Registered number: 01501780)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,952 115,657
Investments 5 222,200 222,200
315,152 337,857

CURRENT ASSETS
Stocks 43,143 43,162
Debtors 6 478,966 507,771
Cash at bank and in hand 252,952 406,087
775,061 957,020
CREDITORS
Amounts falling due within one year 7 432,327 403,701
NET CURRENT ASSETS 342,734 553,319
TOTAL ASSETS LESS CURRENT LIABILITIES 657,886 891,176

PROVISIONS FOR LIABILITIES - 28,322
NET ASSETS 657,886 862,854

CAPITAL AND RESERVES
Called up share capital 9 20,100 20,100
Retained earnings 637,786 842,754
SHAREHOLDERS' FUNDS 657,886 862,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

Alex Stewart Agriculture Limited (Registered number: 01501780)

Balance Sheet - continued
30 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





G A Stewart - Director


Alex Stewart Agriculture Limited (Registered number: 01501780)

Notes to the Financial Statements
for the Year Ended 30 December 2023


1. STATUTORY INFORMATION

Alex Stewart Agriculture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Alex Stewart Agriculture Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right to consideration. It is measured at the fair value of consideration due. Where a service is incomplete at the year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the total expected consideration at completion.

Tangible fixed assets
Fixed assets are recognised at historical cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Computer equipment- 25% on reducing balance
Motor Vehicles- 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.


Alex Stewart Agriculture Limited (Registered number: 01501780)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 December 2022 421,830 44,107 9,090 76,327 551,354
Additions 3,285 4,159 - - 7,444
At 30 December 2023 425,115 48,266 9,090 76,327 558,798
DEPRECIATION
At 31 December 2022 329,537 36,376 7,809 61,975 435,697
Charge for year 23,767 2,473 320 3,589 30,149
At 30 December 2023 353,304 38,849 8,129 65,564 465,846
NET BOOK VALUE
At 30 December 2023 71,811 9,417 961 10,763 92,952
At 30 December 2022 92,293 7,731 1,281 14,352 115,657

Alex Stewart Agriculture Limited (Registered number: 01501780)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 31 December 2022
and 30 December 2023 222,200
NET BOOK VALUE
At 30 December 2023 222,200
At 30 December 2022 222,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 426,180 456,296
Other debtors 52,786 51,475
478,966 507,771

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 66,119 61,195
Trade creditors 78,213 54,233
Taxation and social security 13,247 10,985
Other creditors 274,748 277,288
432,327 403,701

Other creditors includes £249,273 (2022: £254,840) owing to an associated company.

8. SECURED DEBTS

The following secured debts are included within creditors:

30.12.23 30.12.22
£    £   
Bank overdrafts 66,119 61,195

National Westminster Bank Plc hold a fixed and floating charge dated 11 January 2011 over the assets of the company.

Alex Stewart Agriculture Limited (Registered number: 01501780)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.12.23 30.12.22
value: £    £   
12,261 Ordinary A £1 12,261 12,261
1,809 Ordinary B £1 1,809 1,809
6,030 Ordinary C £1 6,030 6,030
20,100 20,100

10. POST BALANCE SHEET EVENTS

On 19 April 2024, following an acquisition of its share capital, Alex Stewart Agriculture Limited's trade and assets were hived into the parent company.