REGISTERED NUMBER: SC590908 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Stewart ACR Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Stewart

REGISTERED OFFICE:

Unit 7a

Wallacetown Drive

Ayr

KA8 9FH

REGISTERED NUMBER:

SC590908 (Scotland)

ACCOUNTANTS:

Advantage Accounting (Scotland) Ltd

Pavilion 2

Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

FIXED ASSETS

Tangible assets

3

144,105

95,371

CURRENT ASSETS

Stocks

28,860

26,004

Debtors

4

710,559

408,355

Cash at bank

5,828

17,694

745,247

452,053

CREDITORS

Amounts falling due within one year

5

625,381

359,716

NET CURRENT ASSETS

119,866

92,337

TOTAL ASSETS LESS CURRENT LIABILITIES

263,971

187,708

CREDITORS

Amounts falling due after more than one year

6

(85,562

)

(83,083

)

PROVISIONS FOR LIABILITIES

(24,027

)

(17,490

)

NET ASSETS

154,382

87,135

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

154,282

87,035

SHAREHOLDERS' FUNDS

154,382

87,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 December 2025 and were signed by:

G Stewart - Director

1.	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.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 20% on cost, 10% on cost and 2% 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.

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

149,810

Additions

67,488

At 31 March 2025

217,298

DEPRECIATION

At 1 April 2024

54,439

Charge for year

18,754

At 31 March 2025

73,193

NET BOOK VALUE

At 31 March 2025

144,105

At 31 March 2024

95,371

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

385,830

155,743

Amounts owed by associates

266,812

237,376

Other debtors

57,917

15,236

710,559

408,355

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

23,500

36,000

Hire purchase contracts and finance leases

16,513

15,098

Trade creditors

295,736

174,608

Amounts owed to associates

-

45,396

Taxation and social security

66,048

60,139

Other creditors

223,584

28,475

625,381

359,716

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

29,607

53,616

Hire purchase contracts and finance leases

34,213

29,467

Other creditors

21,742

-

85,562

83,083

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,607

12,116

7.	SECURED DEBTS

Lloyds Bank Commercial Finance Limited and Advantege Commercial Finance (North) Limited hold a floating charge over the assets of the company.

8.	RELATED PARTY DISCLOSURES

Amounts due from group undertakings of £266,812 are unsecured and interest free.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Stewart Solutions Group Ltd.

The holding company is Stewart Solutions Group Ltd whose registered office is Unit 2 Cambuslea Industrial Estate, 2 Cambuslea Road, Ayr, Scotland, KA8 9HT. The company was ultimately under the control of Mr Gregor Stewart throughout the current and previous year.