Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC311205 2023-04-01 2024-03-31 SC311205 2022-04-01 2023-03-31 SC311205 2024-03-31 SC311205 2023-03-31 SC311205 c:CompanySecretary1 2023-04-01 2024-03-31 SC311205 c:Director1 2023-04-01 2024-03-31 SC311205 c:Director2 2023-04-01 2024-03-31 SC311205 c:RegisteredOffice 2023-04-01 2024-03-31 SC311205 d:Buildings 2023-04-01 2024-03-31 SC311205 d:Buildings 2024-03-31 SC311205 d:Buildings 2023-03-31 SC311205 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC311205 d:PlantMachinery 2023-04-01 2024-03-31 SC311205 d:PlantMachinery 2024-03-31 SC311205 d:PlantMachinery 2023-03-31 SC311205 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC311205 d:MotorVehicles 2023-04-01 2024-03-31 SC311205 d:MotorVehicles 2024-03-31 SC311205 d:MotorVehicles 2023-03-31 SC311205 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC311205 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 SC311205 d:OtherPropertyPlantEquipment 2024-03-31 SC311205 d:OtherPropertyPlantEquipment 2023-03-31 SC311205 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC311205 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 SC311205 d:CurrentFinancialInstruments 2024-03-31 SC311205 d:CurrentFinancialInstruments 2023-03-31 SC311205 d:Non-currentFinancialInstruments 2024-03-31 SC311205 d:Non-currentFinancialInstruments 2023-03-31 SC311205 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC311205 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC311205 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC311205 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC311205 d:ShareCapital 2024-03-31 SC311205 d:ShareCapital 2023-03-31 SC311205 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC311205 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC311205 c:FRS102 2023-04-01 2024-03-31 SC311205 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC311205 c:FullAccounts 2023-04-01 2024-03-31 SC311205 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC311205 4 2024-03-31 SC311205 4 2023-03-31 SC311205 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: SC311205










J L STEWART LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

 
J L STEWART LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr D Stewart 
Mr I Stewart 




COMPANY SECRETARY
Mr D Stewart



REGISTERED NUMBER
SC311205



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
J L STEWART LIMITED
REGISTERED NUMBER: SC311205

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible fixed assets
  
313,780
222,152

Investments
 5 
100
50

  
313,880
222,202

CURRENT ASSETS
  

Stocks
  
96,395
95,402

Debtors: amounts falling due within one year
 6 
65,686
41,563

Bank & cash balances
  
614,663
507,328

  
776,744
644,293

Creditors: amounts falling due within one year
 7 
(401,676)
(317,409)

NET CURRENT ASSETS
  
 
 
375,068
 
 
326,884

TOTAL ASSETS LESS CURRENT LIABILITIES
  
688,948
549,086

Creditors: amounts falling due after more than one year
  
(37,218)
-

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(71,839)
(48,602)

  
 
 
(71,839)
 
 
(48,602)

NET ASSETS
  
579,891
500,484


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
579,791
500,384

  
579,891
500,484


Page 1

 
J L STEWART LIMITED
REGISTERED NUMBER: SC311205

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 November 2024.


Mr D Stewart
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
J L STEWART LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


GENERAL INFORMATION

J L Stewart Limited is a private compnay, limited by shares, incorporated in Scotland with registration number SC311205. The registered office is Westby, 64 West High Street, Forfar, Tayside, DD8 1BJ.                   The Company's functional and presentational currency is GBP. 

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
J L STEWART LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
J L STEWART LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.5
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Plant & machinery
-
12.5% reducing balance
Motor vehicles
-
25% reducing balance
Tractors and vans
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
J L STEWART LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


TANGIBLE FIXED ASSETS





Tenants improvments
Plant & machinery
Motor vehicles
Tractors
Total

£
£
£
£
£



COST OR VALUATION


At 1 April 2023
33,033
244,082
21,402
120,403
418,920


Additions
-
16,850
40,198
104,000
161,048



At 31 March 2024

33,033
260,932
61,600
224,403
579,968



DEPRECIATION


At 1 April 2023
5,288
94,825
17,265
79,390
196,768


Charge for the year on owned assets
1,322
20,764
11,081
36,253
69,420



At 31 March 2024

6,610
115,589
28,346
115,643
266,188



NET BOOK VALUE



At 31 March 2024
26,423
145,343
33,254
108,760
313,780



At 31 March 2023
27,745
149,257
4,137
41,013
222,152


5.


FIXED ASSET INVESTMENTS





Trade investments

£





At 1 April 2023
50


Additions
50






NET BOOK VALUE



At 31 March 2024
100



At 31 March 2023
50

Page 6

 
J L STEWART LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
25,250
21,995

Other debtors
40,436
19,568

65,686
41,563



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
83,876
62,827

Obligations under finance lease and hire purchase contracts
87,582
-

Other creditors
230,218
254,582

401,676
317,409



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
37,218
-

37,218
-



Page 7