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DONALD STEWART LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






DONALD STEWART LTD (REGISTERED NUMBER: SC748548)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

DONALD STEWART LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: Mr D Stewart





SECRETARY: Mr D Stewart





REGISTERED OFFICE: 19 Buccleuch Street
Hawick
TD9 0HL





REGISTERED NUMBER: SC748548 (Scotland)





ACCOUNTANTS: JRW Hogg & Thorburn LLP
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT

DONALD STEWART LTD (REGISTERED NUMBER: SC748548)

ABRIDGED BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 -
Tangible assets 5 2,448 -
15,948 -

CURRENT ASSETS
Debtors 7,748 -
Cash at bank and in hand 79,043 1
86,791 1
CREDITORS
Amounts falling due within one year 41,892 -
NET CURRENT ASSETS 44,899 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,847

1

CREDITORS
Amounts falling due after more than one
year

50,000

-
NET ASSETS 10,847 1

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 10,747 -
10,847 1

DONALD STEWART LTD (REGISTERED NUMBER: SC748548)

ABRIDGED BALANCE SHEET - continued
31ST OCTOBER 2024


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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 28th February 2025 and were signed by:





Mr D Stewart - Director


DONALD STEWART LTD (REGISTERED NUMBER: SC748548)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Donald Stewart Ltd is a private company, limited by shares , registered in Scotland. 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
The company arranges commercial asset finance. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes as applicable. Revenue is recognised in the accounting period in which the services are rendered and when the outcome of the contract can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of ten years.

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.

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 1 (2023 - NIL ) .

DONALD STEWART LTD (REGISTERED NUMBER: SC748548)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 15,000
At 31st October 2024 15,000
AMORTISATION
Amortisation for year 1,500
At 31st October 2024 1,500
NET BOOK VALUE

At 31st October 2024 13,500

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 2,700
At 31st October 2024 2,700
DEPRECIATION
Charge for year 252
At 31st October 2024 252
NET BOOK VALUE
At 31st October 2024 2,448

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors' loan account was not in debit at any time during the year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DONALD STEWART LTD

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Donald Stewart Ltd for the year ended 31st October 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Donald Stewart Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Donald Stewart Ltd and state those matters that we have agreed to state to the director of Donald Stewart Ltd in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Donald Stewart Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Donald Stewart Ltd. You consider that Donald Stewart Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Donald Stewart Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn LLP
Riverside House
Ladhope Vale
Galashiels
Selkirkshire
TD1 1BT


28th February 2025