B.C. STEWART LIMITED

Company Registration Number:
02262587 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

B.C. STEWART LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

B.C. STEWART LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 10,802 3,770
Total fixed assets: 10,802 3,770
Current assets
Stocks: 848,000 668,666
Debtors:   140,633 39,316
Cash at bank and in hand: 62,838 200,021
Total current assets: 1,051,471 908,003
Creditors: amounts falling due within one year: 4 (774,307) (672,839)
Net current assets (liabilities): 277,164 235,164
Total assets less current liabilities: 287,966 238,934
Total net assets (liabilities): 287,966 238,934
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 287,866 238,834
Shareholders funds: 287,966 238,934

The notes form part of these financial statements

B.C. STEWART LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 September 2024
and signed on behalf of the board by:

Name: Daniel Carter
Status: Director

The notes form part of these financial statements

B.C. STEWART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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: Motor Vehicles – 20% on wdv Plant & Equipment – 15% on wdv Fixtures & Fittings – 15% on wdv If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

B.C. STEWART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 40 40

B.C. STEWART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 44,010
Additions 9,047
At 31 December 2023 53,057
Depreciation
At 01 January 2023 40,240
Charge for year 2,015
At 31 December 2023 42,255
Net book value
At 31 December 2023 10,802
At 31 December 2022 3,770

B.C. STEWART LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts £108538 Trade Creditors £399289 Corporation Tax £32823 Social security and other taxes £226925 Other creditors £6732 TOTAL £774307