IRIS Accounts Production v24.3.2.46 04830440 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048304402023-08-31048304402024-08-31048304402023-09-012024-08-31048304402022-08-31048304402022-09-012023-08-31048304402023-08-3104830440ns15:EnglandWales2023-09-012024-08-3104830440ns14:PoundSterling2023-09-012024-08-3104830440ns10:Director12023-09-012024-08-3104830440ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104830440ns10:SmallEntities2023-09-012024-08-3104830440ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3104830440ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104830440ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104830440ns10:FullAccounts2023-09-012024-08-3104830440ns10:OrdinaryShareClass12023-09-012024-08-3104830440ns10:OrdinaryShareClass22023-09-012024-08-3104830440ns10:RegisteredOffice2023-09-012024-08-3104830440ns5:CurrentFinancialInstruments2024-08-3104830440ns5:CurrentFinancialInstruments2023-08-3104830440ns5:ShareCapital2024-08-3104830440ns5:ShareCapital2023-08-3104830440ns5:RetainedEarningsAccumulatedLosses2024-08-3104830440ns5:RetainedEarningsAccumulatedLosses2023-08-3104830440ns5:PlantMachinery2023-09-012024-08-3104830440ns5:MotorVehicles2023-09-012024-08-3104830440ns5:ComputerEquipment2023-09-012024-08-3104830440ns5:PlantMachinery2023-08-3104830440ns5:MotorVehicles2023-08-3104830440ns5:ComputerEquipment2023-08-3104830440ns5:PlantMachinery2024-08-3104830440ns5:MotorVehicles2024-08-3104830440ns5:ComputerEquipment2024-08-3104830440ns5:PlantMachinery2023-08-3104830440ns5:MotorVehicles2023-08-3104830440ns5:ComputerEquipment2023-08-3104830440ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104830440ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3104830440ns5:DeferredTaxation2023-08-3104830440ns5:DeferredTaxation2023-09-012024-08-3104830440ns5:DeferredTaxation2024-08-3104830440ns10:OrdinaryShareClass12024-08-3104830440ns10:OrdinaryShareClass22024-08-31
















STUART SELLERS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

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


STUART SELLERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: S Sellers





REGISTERED OFFICE: The Cottage
Burrows Lane
Brailsford
Ashbourne
Derbyshire
DE6 3BU





REGISTERED NUMBER: 04830440 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,177 15,744

CURRENT ASSETS
Stocks 890,130 795,095
Debtors 5 12,674 8,026
Cash at bank 408,746 542,607
1,311,550 1,345,728
CREDITORS
Amounts falling due within one year 6 19,146 17,429
NET CURRENT ASSETS 1,292,404 1,328,299
TOTAL ASSETS LESS CURRENT LIABILITIES 1,305,581 1,344,043

PROVISIONS FOR LIABILITIES 7 2,100 1,700
NET ASSETS 1,303,481 1,342,343

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,303,381 1,342,243
SHAREHOLDERS' FUNDS 1,303,481 1,342,343

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.

STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





S Sellers - Director


STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

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


1. STATUTORY INFORMATION

Stuart Sellers 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.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks and work in progress
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.

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.

STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 24,708 23,364 2,302 50,374
Additions - - 567 567
At 31 August 2024 24,708 23,364 2,869 50,941
DEPRECIATION
At 1 September 2023 18,180 14,945 1,505 34,630
Charge for year 652 2,105 377 3,134
At 31 August 2024 18,832 17,050 1,882 37,764
NET BOOK VALUE
At 31 August 2024 5,876 6,314 987 13,177
At 31 August 2023 6,528 8,419 797 15,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,674 8,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,735 3,437
Taxation and social security (99 ) 456
Other creditors 16,510 13,536
19,146 17,429

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,100 1,700

STUART SELLERS LTD (REGISTERED NUMBER: 04830440)

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 1,700
Provided during year 400
Balance at 31 August 2024 2,100

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100