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REGISTERED NUMBER: 04265060 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

STEWART CROSS LIMITED

STEWART CROSS LIMITED (REGISTERED NUMBER: 04265060)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

STEWART CROSS LIMITED

COMPANY INFORMATION
for the Year Ended 31st August 2024







DIRECTOR: Mr S D Cross





SECRETARY: Mr S D Cross





REGISTERED OFFICE: 95 King Street
Lancaster
Lancashire
LA1 1RH





REGISTERED NUMBER: 04265060 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

STEWART CROSS LIMITED (REGISTERED NUMBER: 04265060)

BALANCE SHEET
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,679 16,780
12,679 16,780

CURRENT ASSETS
Stocks 2,500 2,370
Debtors 6 10,704 3,050
Cash at bank 3,913 3,704
17,117 9,124
CREDITORS
Amounts falling due within one year 7 12,503 11,680
NET CURRENT ASSETS/(LIABILITIES) 4,614 (2,556 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,293

14,224

CREDITORS
Amounts falling due after more than one year 8 1,938 4,670
NET ASSETS 15,355 9,554

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 15,354 9,553
SHAREHOLDERS' FUNDS 15,355 9,554

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

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

STEWART CROSS LIMITED (REGISTERED NUMBER: 04265060)

BALANCE SHEET - continued
31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd January 2025 and were signed by:





Mr S D Cross - Director


STEWART CROSS LIMITED (REGISTERED NUMBER: 04265060)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Stewart Cross Limited 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.

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 has been fully amortised.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 CROSS LIMITED (REGISTERED NUMBER: 04265060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st September 2023
and 31st August 2024 7,000
AMORTISATION
At 1st September 2023
and 31st August 2024 7,000
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1st September 2023
and 31st August 2024 3,247 862 21,511 25,620
DEPRECIATION
At 1st September 2023 2,325 762 5,753 8,840
Charge for year 136 25 3,940 4,101
At 31st August 2024 2,461 787 9,693 12,941
NET BOOK VALUE
At 31st August 2024 786 75 11,818 12,679
At 31st August 2023 922 100 15,758 16,780

STEWART CROSS LIMITED (REGISTERED NUMBER: 04265060)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,012 -
Other debtors 7,692 3,050
10,704 3,050

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,962 3,030
Trade creditors 3,244 946
Taxation and social security 5,157 6,600
Other creditors 1,140 1,104
12,503 11,680

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,938 4,670

STEWART CROSS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
STEWART CROSS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st August 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


22nd January 2025