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REGISTERED NUMBER: SC429579 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Kate Stewart Limited

Kate Stewart Limited (Registered number: SC429579)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kate Stewart Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs K M Dalrymple
C R Stewart





SECRETARY: C R Stewart





REGISTERED OFFICE: 109 Newton Street
Greenock
PA16 8SH





REGISTERED NUMBER: SC429579 (Scotland)





ACCOUNTANTS: Henderson & Company
73 Union Street
Greenock
Renfrewshire
PA16 8BG

Kate Stewart Limited (Registered number: SC429579)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 118,768 119,458
118,768 119,458

CURRENT ASSETS
Stocks 74,327 69,405
Debtors 6 247,027 138,633
Cash at bank and in hand 1,383,588 1,420,677
1,704,942 1,628,715
CREDITORS
Amounts falling due within one year 7 565,213 571,600
NET CURRENT ASSETS 1,139,729 1,057,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,258,497

1,176,573

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,258,397 1,176,473
SHAREHOLDERS' FUNDS 1,258,497 1,176,573

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 17 June 2025 and were signed on its behalf by:



Mrs K M Dalrymple - Director


Kate Stewart Limited (Registered number: SC429579)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Kate Stewart Limited 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been amortised evenly over its estimated useful life of six years, and is now fully amortised.

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.
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Kate Stewart Limited (Registered number: SC429579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 16 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 870,086
AMORTISATION
At 1 October 2023
and 30 September 2024 870,086
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 108,698 37,790 146,488
Additions - 1,290 1,290
At 30 September 2024 108,698 39,080 147,778
DEPRECIATION
At 1 October 2023 - 27,030 27,030
Charge for year - 1,980 1,980
At 30 September 2024 - 29,010 29,010
NET BOOK VALUE
At 30 September 2024 108,698 10,070 118,768
At 30 September 2023 108,698 10,760 119,458

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 213,578 110,272
Other debtors 33,449 28,361
247,027 138,633

Kate Stewart Limited (Registered number: SC429579)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 338,044 315,595
Taxation and social security 44,561 71,287
Other creditors 182,608 184,718
565,213 571,600

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K M Dalrymple.