Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3127Provision of architectural services25true2023-04-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01720555 2023-04-01 2024-03-31 01720555 2022-04-01 2023-03-31 01720555 2024-03-31 01720555 2023-03-31 01720555 2022-04-01 01720555 c:Director2 2023-04-01 2024-03-31 01720555 d:Buildings 2023-04-01 2024-03-31 01720555 d:Buildings 2024-03-31 01720555 d:Buildings 2023-03-31 01720555 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01720555 d:FurnitureFittings 2023-04-01 2024-03-31 01720555 d:FurnitureFittings 2024-03-31 01720555 d:FurnitureFittings 2023-03-31 01720555 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01720555 d:ComputerEquipment 2023-04-01 2024-03-31 01720555 d:ComputerEquipment 2024-03-31 01720555 d:ComputerEquipment 2023-03-31 01720555 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01720555 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01720555 d:CurrentFinancialInstruments 2024-03-31 01720555 d:CurrentFinancialInstruments 2023-03-31 01720555 d:Non-currentFinancialInstruments 2024-03-31 01720555 d:Non-currentFinancialInstruments 2023-03-31 01720555 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01720555 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01720555 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 01720555 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 01720555 d:ShareCapital 2023-04-01 2024-03-31 01720555 d:ShareCapital 2024-03-31 01720555 d:ShareCapital 2022-04-01 2023-03-31 01720555 d:ShareCapital 2023-03-31 01720555 d:ShareCapital 2022-04-01 01720555 d:SharePremium 2023-04-01 2024-03-31 01720555 d:SharePremium 2024-03-31 01720555 d:SharePremium 2022-04-01 2023-03-31 01720555 d:SharePremium 2023-03-31 01720555 d:SharePremium 2022-04-01 01720555 d:CapitalRedemptionReserve 2023-04-01 2024-03-31 01720555 d:CapitalRedemptionReserve 2024-03-31 01720555 d:CapitalRedemptionReserve 2022-04-01 2023-03-31 01720555 d:CapitalRedemptionReserve 2023-03-31 01720555 d:CapitalRedemptionReserve 2022-04-01 01720555 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 01720555 d:RetainedEarningsAccumulatedLosses 2024-03-31 01720555 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 01720555 d:RetainedEarningsAccumulatedLosses 2023-03-31 01720555 d:RetainedEarningsAccumulatedLosses 2022-04-01 01720555 c:OrdinaryShareClass1 2023-04-01 2024-03-31 01720555 c:OrdinaryShareClass1 2024-03-31 01720555 c:OrdinaryShareClass1 2023-03-31 01720555 c:FRS102 2023-04-01 2024-03-31 01720555 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01720555 c:FullAccounts 2023-04-01 2024-03-31 01720555 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01720555 d:WithinOneYear 2024-03-31 01720555 d:WithinOneYear 2023-03-31 01720555 d:BetweenOneFiveYears 2024-03-31 01720555 d:BetweenOneFiveYears 2023-03-31 01720555 d:MoreThanFiveYears 2024-03-31 01720555 d:MoreThanFiveYears 2023-03-31 01720555 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 01720555 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 01720555 d:OtherDeferredTax 2024-03-31 01720555 d:OtherDeferredTax 2023-03-31 01720555 2 2023-04-01 2024-03-31 01720555 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 01720555











________________________________________________________________________________________


GARDNER, STEWART AND STEWART LTD

________________________________________________________________________________________



UNAUDITED

ANNUAL REPORT

INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 
31 MARCH 2024

 
GARDNER, STEWART AND STEWART LTD
REGISTERED NUMBER:01720555

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
 4 
18,695
28,891

  
18,695
28,891

Current assets
  

Debtors: amounts falling due within one year
 5 
643,312
1,008,861

Cash at bank and in hand
  
25
2,550

  
643,337
1,011,411

Creditors: amounts falling due within one year
 6 
(494,375)
(543,114)

Net current assets
  
 
 
148,962
 
 
468,297

Total assets less current liabilities
  
167,657
497,188

Creditors: amounts falling due after more than one year
 7 
(41,667)
(104,167)

Provisions for liabilities
  

Deferred tax
 8 
-
(1,626)

  
 
 
-
 
 
(1,626)

Net assets
  
125,990
391,395


Capital and reserves
  

Called up share capital 
 9 
3,015
3,015

Share premium account
 10 
19,925
19,925

Capital redemption reserve
 10 
12,060
12,060

Profit and loss account
 10 
90,990
356,395

  
125,990
391,395


The Balance Sheet continues on page 2.





 
Page 1

 
GARDNER, STEWART AND STEWART LTD
REGISTERED NUMBER:01720555
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements on pages 1 to 12 were approved and authorised for issue by the board on 27 March 2025  and were signed on its behalf by:




G. R. Kime
Director

Page 2

 
GARDNER, STEWART AND STEWART LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2023
3,015
19,925
12,060
356,395
391,395


Comprehensive income for the year

Profit for the year

-
-
-
34,595
34,595


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
34,595
34,595


Contributions by and distributions to owners

Dividends: Equity capital
-
-
-
(300,000)
(300,000)


Total transactions with owners
-
-
-
(300,000)
(300,000)


At 31 March 2024
3,015
19,925
12,060
90,990
125,990


Page 3

 
GARDNER, STEWART AND STEWART LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Share premium account
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2022
3,015
19,925
12,060
264,885
299,885


Comprehensive income for the year

Profit for the year

-
-
-
91,510
91,510


Other comprehensive income for the year
-
-
-
-
-


Total comprehensive income for the year
-
-
-
91,510
91,510


Total transactions with owners
-
-
-
-
-


At 31 March 2023
3,015
19,925
12,060
356,395
391,395


Page 4

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies

 
1.1

Statement of compliance

The Company's principal activity is the provision of architectural services.
Gardner, Stewart and Stewart Ltd is a private company limited by shares and is incorporated and domiciled in England and Wales.  The address of its registered office and principal place of business is Unit 5.1.2 The Leather Market, 11-13 Weston Street, London, SE1 3ER.

  
1.2

Basis of preparation of financial statements

The financial statements have been prepared in accordance with United Kingdom Accounting Standards, including Section 1A 'Small Entities' of Financial Reporting Standard 102, ‘the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland’ (“FRS 102”) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in note 2.

  
1.3

Revenue

Revenue is recognised to the extent that the Company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received or receivable, net of discounts, rebates and value added tax. The following criteria must also be met before revenue is recognised:
Sale of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 5

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

  
1.5

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use and dismantling and restoration costs.
 
Depreciation is calculated, using the straight line method, to allocate the cost of assets less their residual value over their estimated useful lives, as follows:
                Leasehold improvements - over the life of the lease
                Fixtures and fittings  - 3 years
                Computer equipment  - 3 years
The assets’ residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.
Subsequent costs are included in the assets’ carrying amount or recognised as a separate asset, as appropriate, only when it is probable that economic benefits associated with the item will flow to the Company and the cost can be measured reliably. Repairs and maintenance costs are expensed as incurred.
Tangible fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Profit and Loss Account and included in ‘administrative expenses’.

  
1.6

Operating leases: lessee

At inception the Company assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases.  Rentals payable under operating leases are charged to the Profit and Loss Account on a straight line basis over the period of the lease. Lease incentives are recognised over the lease term on a straight line basis.

Page 6

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

  
1.7

Financial instruments

The Company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.
Short term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in ‘administrative expenses’.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.
Loans
Loans which are basic financial instruments are initially recorded at the present value of future payments discounted at a market rate of interest for a similar loan. Subsequently, they are measured at amortised cost using the effective interest method. Loans that are payable within one year are not discounted.
Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

  
1.8

Share capital

Ordinary shares are classified as equity.

  
1.9

Distributions to equity holders

Final dividends to the Company’s shareholder are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholder. These amounts are recognised in the Statement of Changes in Equity. Interim dividends are recognised in the Statement of Changes in Equity as paid.
 
  
1.10

Related party transactions

The Company discloses transactions with related parties which are not wholly owned within the same group. It does not disclose transactions with members of the same group that are wholly owned. Where appropriate, transactions of a similar nature are aggregated unless, in the opinion of the directors separate disclosure is necessary to understand the effect of the transactions on the Company’s financial statements.

Page 7

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.Accounting policies (continued)

  
1.11

Defined contribution pension plans

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

  
1.12

Taxation

Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the Profit and Loss Account. Current or deferred taxation assets and liabilities are not discounted.
Current tax
Current tax is the amount of corporation tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.
Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.
 
Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and profit on ordinary activities before taxation as stated in the financial statements. These timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.
Deferred tax is recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.
Page 8

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.


Judgements in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements management are required to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from these estimates. Whilst management have made judgements, estimates and assumptions in preparing the financial statements, they consider that these have not had a significant effect on amounts recognised.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2023 - 27).


4.


Tangible fixed assets





Freehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2023
22,430
7,407
222,007
251,844


Additions
-
-
4,382
4,382



At 31 March 2024

22,430
7,407
226,389
256,226



Depreciation


At 1 April 2023
22,430
5,529
194,994
222,953


Charge for the year on owned assets
-
1,100
13,478
14,578



At 31 March 2024

22,430
6,629
208,472
237,531



Net book value



At 31 March 2024
-
778
17,917
18,695



At 31 March 2023
-
1,877
27,014
28,891

Page 9

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
251,906
346,977

Amounts owed by group undertakings
257,662
449,252

Prepayments and accrued income
133,744
212,632

643,312
1,008,861



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
48,995
66,846

Bank loan
62,500
62,500

Other loans
90,168
83,440

Bank overdrafts
34,966
58,960

Amounts owed to group undertakings
44,226
44,226

Corporation tax
6,880
43,198

Other taxation and social security
148,556
116,520

Other creditors
43,584
43,426

Obligations under finance lease and hire purchase contracts
-
3,847

Payments received on account
-
6,240

Accruals and deferred income
14,500
13,911

494,375
543,114



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loan
41,667
104,167


The bank loan is secured by a fixed and floating charge over all the Company's assets.

Page 10

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024


£






At beginning of year
1,626


Charged to profit or loss
(1,626)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
4,035
5,144

Expenses deductible when paid
(4,035)
(3,518)

-
1,626

Deferred tax is measured at 25%.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,015 (2023 - 3,015) Ordinary shares of £1.00 each
3,015
3,015



10.


Reserves

Share premium account

The share premium account records the amount above the nominal value received for shares sold.

Capital redemption reserve

This reserve records the nominal value of shares repurchased by the Company.

Profit and loss account

The profit and loss account is a distributable reserve.

Page 11

 
GARDNER, STEWART AND STEWART LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
85,474
95,822

Later than 1 year and not later than 5 years
94,893
127,702

Later than 5 years
2,260
-

182,627
223,524


12.


Related party transactions

Included in other creditors is £30,531 (2023 - £31,628) owed to a director. The amount is repayable on demand and interest is accruing on the principal amount at 6% per annum.

 
Page 12