REGISTERED NUMBER: 04064423 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

STEWART GILL CONVEYORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

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)

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

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.

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

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