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REGISTERED NUMBER: 01162363 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Stirling & Johnson Limited

Stirling & Johnson Limited (Registered number: 01162363)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stirling & Johnson Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: V E Thomas
C E Thomas





SECRETARY: V E Thomas





REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE





REGISTERED NUMBER: 01162363 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Stirling & Johnson Limited (Registered number: 01162363)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,724 22,500

CURRENT ASSETS
Stocks 19,190 21,393
Debtors 5 150,463 202,755
Cash at bank - 75,014
169,653 299,162
CREDITORS
Amounts falling due within one year 6 92,907 148,657
NET CURRENT ASSETS 76,746 150,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,470

173,005

PROVISIONS FOR LIABILITIES 4,275 5,625
NET ASSETS 117,195 167,380

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 116,195 166,380
SHAREHOLDERS' FUNDS 117,195 167,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Stirling & Johnson Limited (Registered number: 01162363)

Statement of Financial Position - continued
31 August 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




V E Thomas - Director



C E Thomas - Director


Stirling & Johnson Limited (Registered number: 01162363)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Stirling & Johnson Limited is a private company, limited by shares , registered in England and Wales. 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the company becomes entitled to consideration. In the case of larger jobs this is considered to be when applications for payment are signed off.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Cost is determined using the first in, first out method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


Stirling & Johnson Limited (Registered number: 01162363)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 September 2023 3,120 66,066 10,277 79,463
Additions - 30,895 - 30,895
At 31 August 2024 3,120 96,961 10,277 110,358
DEPRECIATION
At 1 September 2023 2,340 47,641 6,982 56,963
Charge for year 780 7,397 494 8,671
At 31 August 2024 3,120 55,038 7,476 65,634
NET BOOK VALUE
At 31 August 2024 - 41,923 2,801 44,724
At 31 August 2023 780 18,425 3,295 22,500

Stirling & Johnson Limited (Registered number: 01162363)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 2,969 33,330
Amounts owed by group undertakings 138,209 167,958
Other debtors 9,285 1,467
150,463 202,755

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 29,239 -
Hire purchase contracts - 1,349
Trade creditors 18,601 16,839
Taxation and social security (10,324 ) 29,688
Other creditors 55,391 100,781
92,907 148,657