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REGISTERED NUMBER: SC373067 (Scotland)












Financial Statements for the Year Ended 31 March 2024

for

STEWART HOWIE LTD

STEWART HOWIE LTD (REGISTERED NUMBER: SC373067)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STEWART HOWIE LTD

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S Howie





REGISTERED OFFICE: 11 Kings Road
Stonehaven
Aberdeenshire
AB39 2HD





REGISTERED NUMBER: SC373067 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

STEWART HOWIE LTD (REGISTERED NUMBER: SC373067)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 2,500 2,500
Debtors 6 870 7,732
Cash at bank and in hand 9,350 9,708
12,720 19,940
CREDITORS
Amounts falling due within one year 7 12,583 9,758
NET CURRENT ASSETS 137 10,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

137

10,182

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve - 20,690
Retained earnings 127 (10,518 )
SHAREHOLDERS' FUNDS 137 10,182

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

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

STEWART HOWIE LTD (REGISTERED NUMBER: SC373067)

Balance Sheet - continued
31 March 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





S Howie - Director


STEWART HOWIE LTD (REGISTERED NUMBER: SC373067)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Stewart Howie Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Stock
Stock 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 Profit & Loss Account, 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 HOWIE LTD (REGISTERED NUMBER: SC373067)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 18,000
AMORTISATION
At 1 April 2023
and 31 March 2024 18,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

STEWART HOWIE LTD (REGISTERED NUMBER: SC373067)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 25,364 3,792 889 30,045
Disposals - (3,792 ) (889 ) (4,681 )
At 31 March 2024 25,364 - - 25,364
DEPRECIATION
At 1 April 2023 25,364 3,792 889 30,045
Eliminated on disposal - (3,792 ) (889 ) (4,681 )
At 31 March 2024 25,364 - - 25,364
NET BOOK VALUE
At 31 March 2024 - - - -
At 31 March 2023 - - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 870 7,732

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,894 6,685
Other creditors 3,689 3,073
12,583 9,758

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £9,300 (2023 - £21,960) were paid to the director .

The company was under the control of S Howie throughout the current and previous year.

During the year the director repaid the company net amounts totalling £6,862. As at 31 March 2024 included within other debtors is a balance outstanding due to the company of £870 (2023 - £7,732). No interest has been paid on this loan.