REGISTERED NUMBER: 00969990 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FLETCHER STEWART (STOCKPORT) LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Mr I L Fletcher

Mr N C Fletcher

Mrs P J Fletcher

SECRETARY:

Mr I L Fletcher

REGISTERED OFFICE:

Unit 8E

Newby Road Industrial Estate

Hazel Grove

Stockport

Cheshire

SK7 5DA

REGISTERED NUMBER:

00969990 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

714,157

724,847

Investments

6

100

100

714,257

724,947

CURRENT ASSETS

Stocks

960,714

1,053,886

Debtors

7

794,953

679,998

Cash at bank

126,825

108,965

1,882,492

1,842,849

CREDITORS

Amounts falling due within one year

8

958,269

846,664

NET CURRENT ASSETS

924,223

996,185

TOTAL ASSETS LESS CURRENT LIABILITIES

1,638,480

1,721,132

CREDITORS

Amounts falling due after more than one year

9

(188,568

)

(229,260

)

PROVISIONS FOR LIABILITIES

(79,990

)

(79,251

)

NET ASSETS

1,369,922

1,412,621

CAPITAL AND RESERVES

Called up share capital

11

14,286

14,286

Share premium

86,718

86,718

Revaluation reserve

12

178,731

182,824

Retained earnings

1,090,187

1,128,793

SHAREHOLDERS' FUNDS

1,369,922

1,412,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 September 2025 and were signed on its behalf by:

Mr I L Fletcher - Director

Mr N C Fletcher - Director

1.	STATUTORY INFORMATION

Fletcher Stewart (Stockport) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration receivable and represents the total amount receivable by the company for goods supplied and services provided in the normal course of business, excluding value added tax and trade discounts.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

35% on reducing balance, 25% on reducing balance and 20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 13 (2023 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

9,300

AMORTISATION

At 1 January 2024

and 31 December 2024

9,300

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

650,000

250,485

900,485

Additions

-

18,178

18,178

Disposals

-

(11,346

)

(11,346

)

At 31 December 2024

650,000

257,317

907,317

DEPRECIATION

At 1 January 2024

26,000

149,638

175,638

Charge for year

13,000

15,851

28,851

Eliminated on disposal

-

(11,329

)

(11,329

)

At 31 December 2024

39,000

154,160

193,160

NET BOOK VALUE

At 31 December 2024

611,000

103,157

714,157

At 31 December 2023

624,000

100,847

724,847

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2018

96,945

-

96,945

Valuation in 2021

130,000

-

130,000

Cost

423,055

257,317

680,372

650,000

257,317

907,317

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

611,607

525,466

Other debtors

183,346

154,532

794,953

679,998

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

39,526

39,742

Trade creditors

153,158

140,614

Taxation and social security

258,478

123,092

Other creditors

507,107

543,216

958,269

846,664

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

188,568

229,260

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/12/24

31/12/23

£

£

Bank loans

228,094

269,002

Advances from factors

317,379

350,020

545,473

619,022

The bank loans and overdraft are secured by a first legal charge over the freehold property.

The advances from factors are secured on trade debtors of the company.

Obligations under hire purchase contracts are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

8,000

'A' Ordinary

£1

8,000

8,000

2,000

'B' Ordinary

£1

2,000

2,000

4,286

'C' Ordinary

£1

4,286

4,286

14,286

14,286

12.

RESERVES

Revaluation

reserve

£

At 1 January 2024

182,824

Reserve transfer

(4,093

)

At 31 December 2024

178,731