Stewart's Property Services Ltd
Unaudited accounts
Contents
Stewart's Property Services Ltd
Company Information
for the year ended 31 May 2024
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
Stewart's Property Services Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
16,441
19,859
Cash at bank and in hand
3,192
985
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)
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
Stewart's Property Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 May 2024
9,771
47,392
57,163
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
At 31 May 2024
2,291
14,150
16,441
At 31 May 2023
2,172
17,687
19,859
Stewart's Property Services Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
2,071
2,071
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
Taxes and social security
4,072
530
Loans from directors
2,880
5,435
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
-
231
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).