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REGISTERED NUMBER: 13940185 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2025

for

Stewart & Skeels Limited

Stewart & Skeels Limited (Registered number: 13940185)

Contents of the Financial Statements
for the Year Ended 28th February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stewart & Skeels Limited

Company Information
for the Year Ended 28th February 2025







DIRECTORS: Ms D J Skeels
Ms L S Stewart





REGISTERED OFFICE: 8 Barnston Walk
Popham Street
London
N1 8QP





REGISTERED NUMBER: 13940185 (England and Wales)





ACCOUNTANTS: Armstrong & Co
Chartered Accountants
4a Printing House Yard
Hackney Road
London
E2 7PR

Stewart & Skeels Limited (Registered number: 13940185)

Balance Sheet
28th February 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,950 2,910

CURRENT ASSETS
Stocks 49,637 40,034
Debtors 5 7,281 14,119
Cash at bank and in hand 14,881 79,163
71,799 133,316
CREDITORS
Amounts falling due within one year 6 33,401 70,855
NET CURRENT ASSETS 38,398 62,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,348

65,371

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,248 65,271
SHAREHOLDERS' FUNDS 40,348 65,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

Stewart & Skeels Limited (Registered number: 13940185)

Balance Sheet - continued
28th February 2025


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 24th July 2025 and were signed on its behalf by:




Ms L S Stewart - Director



Ms D J Skeels - Director


Stewart & Skeels Limited (Registered number: 13940185)

Notes to the Financial Statements
for the Year Ended 28th February 2025


1. STATUTORY INFORMATION

Stewart & Skeels 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Stewart & Skeels Limited (Registered number: 13940185)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st March 2024
and 28th February 2025 3,641
DEPRECIATION
At 1st March 2024 731
Charge for year 960
At 28th February 2025 1,691
NET BOOK VALUE
At 28th February 2025 1,950
At 29th February 2024 2,910

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 1,428 7,908
Other debtors 5,853 6,211
7,281 14,119

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 775 7,240
Taxation and social security 10,250 36,039
Other creditors 22,376 27,576
33,401 70,855