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Stewart's Property Services Ltd Unaudited accounts Contents
Page
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Stewart's Property Services Ltd Company Information for the year ended 31 May 2024
Director
Stewart Logan
Company Number
SC324277 (Scotland)
Registered Office
24 LOVE STREET KILWINNING AYRSHIRE KA13 7LJ SCOTLAND
Accountants
W Wilson Millar Ltd 32 Moorfield Road Prestwick KA9 2HW
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Stewart's Property Services Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,441 
19,859 
Current assets
Inventories
1,750 
1,750 
Debtors
2,071 
2,605 
Cash at bank and in hand
3,192 
985 
7,013 
5,340 
Creditors: amounts falling due within one year
(16,604)
(22,374)
Net current liabilities
(9,591)
(17,034)
Total assets less current liabilities
6,850 
2,825 
Creditors: amounts falling due after more than one year
- 
(231)
Net assets
6,850 
2,594 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,848 
2,592 
Shareholders' funds
6,850 
2,594 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2025 and were signed on its behalf by
Stewart Logan Director Company Registration No. SC324277
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Stewart's Property Services Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Stewart's Property Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC324277. The registered office is 24 LOVE STREET, KILWINNING, AYRSHIRE, KA13 7LJ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
9,079 
47,392 
56,471 
Additions
692 
- 
692 
At 31 May 2024
9,771 
47,392 
57,163 
Depreciation
At 1 June 2023
6,907 
29,705 
36,612 
Charge for the year
573 
3,537 
4,110 
At 31 May 2024
7,480 
33,242 
40,722 
Net book value
At 31 May 2024
2,291 
14,150 
16,441 
At 31 May 2023
2,172 
17,687 
19,859 
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Stewart's Property Services Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,071 
2,071 
Other debtors
- 
534 
2,071 
2,605 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,167 
- 
Obligations under finance leases and hire purchase contracts
- 
15,924 
Trade creditors
485 
485 
Taxes and social security
4,072 
530 
Loans from directors
2,880 
5,435 
16,604 
22,374 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
231 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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