Registration number: 09056592

L&A Stewart Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

L&A Stewart Limited

Company Information

Director

Mr A Stewart

Registered office

Unit 4 Railway Sidings off Aston Street Shifnal Shropshire TF11 9AU

Accountants

Neil Westwood & Co Chartered Accountants101 Dixons Green Road Dudley West Midlands DY2 7DJ

L&A Stewart Limited

(Registration number: 09056592)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	328	497
Current assets
Stocks	5	500	500
Debtors	6	1,571	10,716
Cash at bank and in hand		9,691	11,798
		11,762	23,014
Creditors: Amounts falling due within one year	7	(12,609)	(24,082)
Net current liabilities		(847)	(1,068)
Total assets less current liabilities		(519)	(571)
Creditors: Amounts falling due after more than one year	7	(1,059)	(7,337)
Net liabilities		(1,578)	(7,908)
Capital and reserves
Called up share capital	8	1	1
Retained earnings		(1,579)	(7,909)
Shareholders' deficit		(1,578)	(7,908)

L&A Stewart Limited

(Registration number: 09056592)
Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 December 2025
 

Mr A Stewart Director

L&A Stewart Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 4 Railway Sidings
off Aston Street
Shifnal
Shropshire
TF11 9AU

These financial statements were authorised for issue by the director on 29 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

L&A Stewart Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures, fittings and equipment	33% on cost and 20% on cost
Motor vehicles	25% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

L&A Stewart Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

4	Tangible assets

	Fixtures, fittings and equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	3,514	10,394	21,500	35,408
Additions	190	-	-	190
At 31 March 2025	3,704	10,394	21,500	35,598
Depreciation
At 1 April 2024	3,143	10,268	21,500	34,911
Charge for the year	288	71	-	359
At 31 March 2025	3,431	10,339	21,500	35,270
Carrying amount
At 31 March 2025	273	55	-	328
At 31 March 2024	371	126	-	497

L&A Stewart Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Stocks

	2025 £	2024 £
Raw materials and consumables	500	500

6

Debtors

Current	2025 £	2024 £
Trade debtors	1,532	10,716
Other debtors	39	-
	1,571	10,716

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	6,277	6,122
Trade creditors		162	877
Taxation and social security		1,297	3,931
Accruals and deferred income		1,445	8,042
Other creditors		3,428	5,110
		12,609	24,082

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,059	7,337

L&A Stewart Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,059	7,337

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,277	6,122