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REGISTERED NUMBER: 12532296 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Charles Stewart & Co. Ltd

Charles Stewart & Co. Ltd (Registered number: 12532296)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Charles Stewart & Co. Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: A S Charles





REGISTERED OFFICE: 3 Park Square East
Leeds
West Yorkshire
LS1 2NE





REGISTERED NUMBER: 12532296 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Charles Stewart & Co. Ltd (Registered number: 12532296)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,743 27,647

CURRENT ASSETS
Stocks 60,925 40,557
Debtors 5 245,061 206,985
Cash in hand 366,187 504,226
672,173 751,768
CREDITORS
Amounts falling due within one year 6 167,814 282,109
NET CURRENT ASSETS 504,359 469,659
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,102

497,306

PROVISIONS FOR LIABILITIES 7 5,233 5,925
NET ASSETS 521,869 491,381

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 521,769 491,281
SHAREHOLDERS' FUNDS 521,869 491,381

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

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

Charles Stewart & Co. Ltd (Registered number: 12532296)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





A S Charles - Director


Charles Stewart & Co. Ltd (Registered number: 12532296)

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

1. STATUTORY INFORMATION

Charles Stewart & Co. 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

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 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.

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.

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 18 (2023 - 18 ) .

Charles Stewart & Co. Ltd (Registered number: 12532296)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023 37,510
Additions 781
At 31 August 2024 38,291
DEPRECIATION
At 1 September 2023 9,863
Charge for year 5,685
At 31 August 2024 15,548
NET BOOK VALUE
At 31 August 2024 22,743
At 31 August 2023 27,647

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 219,061 198,491
Directors' current accounts - 2,494
Prepayments 26,000 6,000
245,061 206,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 6,970 7,148
Corporation tax 39,275 151,445
Social security and other taxes 73,120 80,402
Other creditors and accruals 38,925 43,114
Directors' current accounts 9,524 -
167,814 282,109

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 5,233 5,925

Charles Stewart & Co. Ltd (Registered number: 12532296)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 5,925
Credit to Income Statement during year (692 )
Balance at 31 August 2024 5,233

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 491,281
Profit for the year 78,488
Dividends (48,000 )
At 31 August 2024 521,769

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the director.