DONALD STEWART LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST OCTOBER 2024 |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
DONALD STEWART LTD (REGISTERED NUMBER: SC748548) |
ABRIDGED BALANCE SHEET - continued |
31ST OCTOBER 2024 |
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 were approved by the director and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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 |
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 |
At 31st October 2024 |
AMORTISATION |
Amortisation for year |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
At 31st October 2024 |
DEPRECIATION |
Charge for year |
At 31st October 2024 |
NET BOOK VALUE |
At 31st October 2024 |
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. |
Riverside House |
Ladhope Vale |
Galashiels |
Selkirkshire |
TD1 1BT |