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REGISTERED NUMBER: 04064423 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

STEWART GILL CONVEYORS LIMITED

STEWART GILL CONVEYORS LIMITED (REGISTERED NUMBER: 04064423)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

STEWART GILL CONVEYORS LIMITED

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | M R A Van Herwijnen

| J G E Van Herwijnen

| REGISTERED OFFICE: | Unit 3 & 4 Brook Business Park

| Brookhampton Lane

| Kineton

| Warwickshire

| CV35 0JA

| REGISTERED NUMBER: | 04064423 (England and Wales)

STEWART GILL CONVEYORS LIMITED (REGISTERED NUMBER: 04064423)

Balance Sheet

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 19,476 |  | 24,315 |  |

CURRENT ASSETS

Stocks | 150,244 |  | 376,792 |  |

Debtors | 5 | 309,305 |  | 378,913 |  |

Cash at bank and in hand | 715,097 |  | 1,076,415 |  |

1,174,646 |  | 1,832,120 |  |

CREDITORS

Amounts falling due within one year | 6 | 367,294 |  | 1,044,690 |  |

NET CURRENT ASSETS | 807,352 |  | 787,430 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 826,828 |  | 811,745 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (260,847 | ) | (252,297 | ) |

PROVISIONS FOR LIABILITIES | (4,814 | ) | (6,024 | ) |

NET ASSETS | 561,167 |  | 553,424 |  |

CAPITAL AND RESERVES

Called up share capital | 433,335 |  | 433,335 |  |

Retained earnings | 127,832 |  | 120,089 |  |

561,167 |  | 553,424 |  |

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 25 September 2025 and were signed on its behalf by:

J G E Van Herwijnen - Director

STEWART GILL CONVEYORS LIMITED (REGISTERED NUMBER: 04064423)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Stewart Gill Conveyors 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors have considered the risk of estimation uncertainty causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, and consider there to be no significant accounting estimates and assumptions.

| Turnover

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

| Turnover from the manufacture and installation of overhead conveyor systems is recognised on installation of the system at the customer's premises. Turnover from maintenance of existing systems is recognised when the service is provided,

| 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 | - | 33% on cost, 25% on reducing balance and 10% on cost

| Stocks

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

| 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.

STEWART GILL CONVEYORS LIMITED (REGISTERED NUMBER: 04064423)

Notes to the Financial Statements - continued

for the Year Ended 31 December 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 5 (2023 - 5 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 369,080 |  |

| DEPRECIATION

| At 1 January 2024 | 344,765 |  |

| Charge for year | 4,839 |  |

| At 31 December 2024 | 349,604 |  |

| NET BOOK VALUE

| At 31 December 2024 | 19,476 |  |

| At 31 December 2023 | 24,315 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 289,663 |  | 359,863 |  |

| Other debtors | 19,642 |  | 19,050 |  |

309,305 |  | 378,913 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 8,504 |  | 67,285 |  |

| Amounts owed to group undertakings | 157,640 |  | 654,026 |  |

| Taxation and social security | 60,512 |  | 109,175 |  |

| Other creditors | 140,638 |  | 214,204 |  |

367,294 |  | 1,044,690 |  |

STEWART GILL CONVEYORS LIMITED (REGISTERED NUMBER: 04064423)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 260,847 |  | 252,297 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Loan from parent company | 260,747 |  | 252,297 |  |

| The balance is secured by a fixed and floating charge over all money and physical and intellectual assets.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| James Holland-Leader FCA (Senior Statutory Auditor)

| for and on behalf of Knox Cropper LLP

10. | OTHER FINANCIAL COMMITMENTS

| The company had non-cancellable operating lease commitments amounting to £120,164 (2023: £166,132) at the balance sheet date.

11. | RELATED PARTY DISCLOSURES

| The company is a subsidiary of Railtechniek van Herwijnen Holding BV which is the parent undertaking of the smallest group of undertakings into which the results of the com pany are consolidated. The registered office of the parent undertaking is Koelenhofstaat 13, Industrieter rein Kellen, Postbus 6223, Tiel 4000 HE, Nederland.