Caseware UK (AP4) 2024.0.164 2024.0.164 falsefalsetrue2023-12-01No description of principal activity99falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04301547 2023-12-01 2024-11-30 04301547 2022-12-01 2023-11-30 04301547 2024-11-30 04301547 2023-11-30 04301547 c:Director1 2023-12-01 2024-11-30 04301547 c:Director2 2023-12-01 2024-11-30 04301547 c:Director3 2023-12-01 2024-11-30 04301547 c:Director5 2023-12-01 2024-11-30 04301547 c:Director6 2023-12-01 2024-11-30 04301547 c:Director6 2024-11-30 04301547 c:RegisteredOffice 2023-12-01 2024-11-30 04301547 d:Buildings d:LongLeaseholdAssets 2023-12-01 2024-11-30 04301547 d:Buildings d:LongLeaseholdAssets 2024-11-30 04301547 d:Buildings d:LongLeaseholdAssets 2023-11-30 04301547 d:PlantMachinery 2023-12-01 2024-11-30 04301547 d:PlantMachinery 2024-11-30 04301547 d:PlantMachinery 2023-11-30 04301547 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04301547 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 04301547 d:CurrentFinancialInstruments 2024-11-30 04301547 d:CurrentFinancialInstruments 2023-11-30 04301547 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 04301547 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 04301547 d:ShareCapital 2024-11-30 04301547 d:ShareCapital 2023-11-30 04301547 d:SharePremium 2024-11-30 04301547 d:SharePremium 2023-11-30 04301547 d:RetainedEarningsAccumulatedLosses 2024-11-30 04301547 d:RetainedEarningsAccumulatedLosses 2023-11-30 04301547 c:OrdinaryShareClass1 2023-12-01 2024-11-30 04301547 c:OrdinaryShareClass1 2024-11-30 04301547 c:OrdinaryShareClass1 2023-11-30 04301547 c:FRS102 2023-12-01 2024-11-30 04301547 c:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04301547 c:FullAccounts 2023-12-01 2024-11-30 04301547 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04301547 d:WithinOneYear 2024-11-30 04301547 d:WithinOneYear 2023-11-30 04301547 d:BetweenOneFiveYears 2024-11-30 04301547 d:BetweenOneFiveYears 2023-11-30 04301547 2 2023-12-01 2024-11-30 04301547 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04301547










Stewart Watson & Co. Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 November 2024

 
Stewart Watson & Co. Limited
 

Company Information


Directors
Gordon Bethell 
Murray Field 
Mark Laherty 
Mark Reed 
William Nancarrow (appointed 1 December 2024)




Registered number
04301547



Registered office
130 Fleet Street

London

EC4A 2BH





 
Stewart Watson & Co. Limited
 

Contents



Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 6


 
Stewart Watson & Co. Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Stewart Watson & Co. Limited for the year ended 30 November 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stewart Watson & Co. Limited for the year ended 30 November 2024 which comprise  the 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 the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Stewart Watson & Co. Limited, as a body, in accordance with the terms of our engagement letter dated 26 March 2025Our work has been undertaken solely to prepare for your approval the financial statements of Stewart Watson & Co. Limited and state those matters that we have agreed to state to the Board of directors of Stewart Watson & Co. Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stewart Watson & Co. Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Stewart Watson & Co. Limited 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 Stewart Watson & Co. Limited. You consider that Stewart Watson & Co. Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Stewart Watson & Co. Limited. 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.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
24 July 2025
Page 1

 
Stewart Watson & Co. Limited
Registered number: 04301547

Balance sheet
As at 30 November 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,815
7,455

  
3,815
7,455

Current assets
  

Debtors: amounts falling due within one year
 5 
371,739
462,109

Bank and cash balances
  
532,073
561,744

  
903,812
1,023,853

Creditors: amounts falling due within one year
 6 
(264,410)
(296,910)

Net current assets
  
 
 
639,402
 
 
726,943

Total assets less current liabilities
  
643,217
734,398

  

Net assets
  
643,217
734,398


Capital and reserves
  

Called up share capital 
 7 
200
200

Share premium account
  
25,000
25,000

Profit and loss account
  
618,017
709,198

  
643,217
734,398


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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mark Reed
Director
Date: 24 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
Stewart Watson & Co. Limited
 

 
Notes to the financial statements
For the year ended 30 November 2024

1.


General information

Stewart Watson & Co. Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04301547 and the registered address is 130 Fleet Street, London, EC4A 2BH.
The financial statements are presented in pound sterling (£) and are rounded to the nearest pound.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering 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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
Stewart Watson & Co. Limited
 

 
Notes to the financial statements
For the year ended 30 November 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property
-
25%
Plant and machinery
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Pensions

Defined contribution pension plan

The Company operates 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 in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Interest income

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

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
Stewart Watson & Co. Limited
 

 
Notes to the financial statements
For the year ended 30 November 2024

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).


4.


Tangible fixed assets





Leasehold property
Fixtures & Fittings
Total

£
£
£



Cost or valuation


At 1 December 2023
38,285
41,614
79,899


Additions
-
857
857



At 30 November 2024

38,285
42,471
80,756



Depreciation


At 1 December 2023
38,285
34,159
72,444


Charge for the year on owned assets
-
4,497
4,497



At 30 November 2024

38,285
38,656
76,941



Net book value



At 30 November 2024
-
3,815
3,815



At 30 November 2023
-
7,455
7,455

Page 5

 
Stewart Watson & Co. Limited
 

 
Notes to the financial statements
For the year ended 30 November 2024

5.


Debtors

2024
2023
£
£


Trade debtors
260,975
353,775

Other debtors
15,757
15,256

Prepayments
42,607
38,578

Amounts recoverable under contracts
52,400
54,500

371,739
462,109



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts and credit cards
3,108
2,140

Trade creditors
24,244
26,044

Corporation tax
132,354
164,095

Other taxation and social security
66,924
74,063

Other creditors
33,415
26,103

Accruals and deferred income
4,365
4,465

264,410
296,910



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 (2023 - 200) Ordinary shares of £1.00 each
200
200



8.


Commitments under operating leases

At 30 November 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
31,537
65,459

Later than 1 year and not later than 5 years
26,069
19,481

57,606
84,940


Page 6