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REGISTERED NUMBER: SC055362 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Stuart,McIntyre & Stuart
(Stirling) Limited

Stuart,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stuart,McIntyre & Stuart
(Stirling) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: I R S Stuart
Mrs M Bell
A Stuart





SECRETARY: Mrs M Bell





REGISTERED OFFICE: Church Street
Alloa
FK10 2DF





REGISTERED NUMBER: SC055362 (Scotland)





ACCOUNTANTS: James Gunn
Chartered Accountants
10 Duckburn Business Park
Dunblane
FK15 0EW

Stuart,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,917 156,823

CURRENT ASSETS
Stocks 61,948 51,533
Debtors 5 1,706 4,580
Cash at bank and in hand 229,019 187,923
292,673 244,036
CREDITORS
Amounts falling due within one year 6 139,688 119,345
NET CURRENT ASSETS 152,985 124,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,902

281,514

PROVISIONS FOR LIABILITIES 21,920 21,179
NET ASSETS 288,982 260,335

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 98,194 100,076
Retained earnings 189,788 159,259
SHAREHOLDERS' FUNDS 288,982 260,335

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

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

The directors acknowledge their 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,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

Balance Sheet - continued
31 January 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 and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





Mrs M Bell - Director


Stuart,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

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


1. STATUTORY INFORMATION

Stuart,McIntyre & Stuart (Stirling) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain assets, and on the going concern basis. They are presented in sterling, which is the functional currency of the company.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires the directors to exercise their judgement in the application of the company's accounting policies. They do not consider that there are any matters arising in this regard that are so significant to the financial statements as to require separate disclosure.

The principal accounting policies applied in the preparation of these financial statements are set out below. They have been applied consistently to all years presented, unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. It is recognised when the company becomes entitled to it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Heritable property - buildings 2% on cost or valuation and land is not depreciated
Plant and machinery - at various rates
Motor vehicles - 25% on reducing balance

Land is not depreciated.

Stocks
Stocks are valued at the lower of cost and net realisable value on the first-in first-out basis, 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 and 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.


Stuart,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

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


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.

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.

Debtors and creditors due within one year
Debtors, prepayments, creditors and provisions are recognised at the transaction value, after taking account of any discounts or impairments.

Cash and cash equivalents
Cash at bank and in hand includes cash, bank current accounts and bank deposits repayable without penalty on notice of not more than three months..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Heritable Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 February 2023 145,277 89,259 15,795 250,331
Additions & improvements - 10,249 - 10,249
At 31 January 2024 145,277 99,508 15,795 260,580
DEPRECIATION
At 1 February 2023 18,749 60,979 13,780 93,508
Charge for year 2,632 6,018 505 9,155
At 31 January 2024 21,381 66,997 14,285 102,663
NET BOOK VALUE
At 31 January 2024 123,896 32,511 1,510 157,917
At 31 January 2023 126,528 28,280 2,015 156,823

Stuart,McIntyre & Stuart
(Stirling) Limited (Registered number: SC055362)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2024 is represented by:

Heritable Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2001 131,590 - - 131,590
Cost 13,687 99,508 15,795 128,990
145,277 99,508 15,795 260,580

The heritable property has been revalued as noted above. This value has been adopted as deemed cost on transition to FRS 102.

The comparable amounts for heritable property at historical cost were:

£
Cost13,687
Depreciation(2,014)
Net Book Value11,673

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 1,706 4,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 50,133 55,894
Taxation and social security 42,408 29,131
Other creditors 47,147 34,320
139,688 119,345

7. RESERVES
Revaluation
reserve
£   
At 1 February 2023 100,076
Revaluation reserve element
of depreciation charge (1,882 )

At 31 January 2024 98,194

Deferred tax is provided on revaluation gains, and a charge is made to the revaluation reserve for the tax relating to the revaluation element of the provision.