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REGISTERED NUMBER: 10985386 (England and Wales)













Financial Statements

for the Year Ended 27 September 2023

for

Stewart Construction (Lincs) Ltd

Stewart Construction (Lincs) Ltd (Registered number: 10985386)






Contents of the Financial Statements
for the Year Ended 27 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stewart Construction (Lincs) Ltd

Company Information
for the Year Ended 27 September 2023







DIRECTOR: Ms D Stewart





REGISTERED OFFICE: 17 Wells Drive
Bracebridge Heath
LINCOLN
Lincolnshire
LN4 2UE





REGISTERED NUMBER: 10985386 (England and Wales)





ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Stewart Construction (Lincs) Ltd (Registered number: 10985386)

Balance Sheet
27 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 2,845 17,051
Cash at bank 447 4,474
3,292 21,525
CREDITORS
Amounts falling due within one year 5 653 1,950
NET CURRENT ASSETS 2,639 19,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,639

19,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,539 19,475
2,639 19,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Stewart Construction (Lincs) Ltd (Registered number: 10985386)

Balance Sheet - continued
27 September 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 director and authorised for issue on 15 September 2024 and were signed by:





Ms D Stewart - Director


Stewart Construction (Lincs) Ltd (Registered number: 10985386)

Notes to the Financial Statements
for the Year Ended 27 September 2023

1. STATUTORY INFORMATION

Stewart Construction (Lincs) 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.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at the present value of future payments, discounted at a market rate of interest.

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.


Stewart Construction (Lincs) Ltd (Registered number: 10985386)

Notes to the Financial Statements - continued
for the Year Ended 27 September 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 2,845 12,102
Tax - 4,949
2,845 17,051

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 653 1,950

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 27 September 2023 and 27 September 2022:

2023 2022
£    £   
Ms D Stewart
Balance outstanding at start of year 12,102 24,227
Amounts advanced 8,488 22,035
Amounts repaid (17,745 ) (34,160 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,845 12,102

The loan is not secured and interest is charged at the market rate.