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REGISTERED NUMBER: 09979233 (England and Wales)









Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Douglas Stuart Limited

Douglas Stuart Limited (Registered number: 09979233)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Douglas Stuart Limited (Registered number: 09979233)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 83,572 81,282

CURRENT ASSETS
Work in progress 65,314 138,040
Debtors 5 49,151 94,408
Cash at bank 99,200 168,049
213,665 400,497
CREDITORS
Amounts falling due within one year 6 (46,357 ) (99,958 )
NET CURRENT ASSETS 167,308 300,539
TOTAL ASSETS LESS CURRENT LIABILITIES 250,880 381,821

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 250,878 381,819
SHAREHOLDERS' FUNDS 250,880 381,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 21 November 2024 and were signed by:





Mr J E Usher - Director


Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Douglas Stuart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09979233

Registered office: Bank Top Farm
Hollin Lane
Sutton
Macclesfield
Cheshire
SK11 0HR

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.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation
Taxation for the year comprises current 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 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.

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.

Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 21,819 93,913 2,156 117,888
Additions - 27,650 1,231 28,881
At 29 February 2024 21,819 121,563 3,387 146,769
DEPRECIATION
At 1 March 2023 8,863 27,485 258 36,606
Charge for year 1,943 23,519 1,129 26,591
At 29 February 2024 10,806 51,004 1,387 63,197
NET BOOK VALUE
At 29 February 2024 11,013 70,559 2,000 83,572
At 28 February 2023 12,956 66,428 1,898 81,282

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 48,482 93,913
Other debtors 669 495
49,151 94,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 1,328 6,251
Taxation and social security 39,983 88,651
Other creditors 5,046 5,056
46,357 99,958

Douglas Stuart Limited (Registered number: 09979233)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 28.2.23
£    £   
Within one year 23,150 20,600
Between one and five years 54,000 5,150
77,150 25,750