R.L. STEVENSON LIMITED


Director	Mr R L Stevenson


Registered Address	Newlands Croft
	Jackton Road, Jackton
	East Kilbride
	G75 8RR


Registered Number	SC261957 (Scotland)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		581		1,288
			581		1,288
Current assets
Debtors	5	87,730		51,559
Cash at bank and on hand		69,342		62,496
		157,072		114,055
Creditors amounts falling due within one year	6	(28,408)		(14,662)
Net current assets (liabilities)			128,664		99,393
Total assets less current liabilities			129,245		100,681
Net assets			129,245		100,681
Capital and reserves
Called up share capital			2		2
Profit and loss account			129,243		100,679
Shareholders' funds			129,245		100,681

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 May 2026, and are signed on its behalf by:

Mr R L Stevenson
Director
Registered Company No. SC261957

R.L. STEVENSON LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered office is Newlandscroft, Jackton Road, Jackton, East Kilbride, G75 8RR.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable attributable to the one principal activity of the company being that of financial advisor and mortgage broker. Turnover is recognised when the service is delivered to the customer.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable.

	Current taxation
	Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss and represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Office equipment - 25% straight line Fixtures and fittings - 25% on reducing balance Computer equipment - 33% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

Tangible fixed assets and depreciation

Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment                                                     - 25% straight line
Fixtures and fittings                                                 - 25% on reducing balance
Computer equipment                                               - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit and loss account.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately within current liabilities.

	Financial instruments
	The company only enters into basic financial instruments that result in the recognition of financial assets like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 August 24	20,000	20,000
At 31 July 25	20,000	20,000
Amortisation and impairment
At 01 August 24	20,000	20,000
At 31 July 25	20,000	20,000
Net book value
At 31 July 25	-	-
At 31 July 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	2,330	1,774	2,891	6,995
At 31 July 25	2,330	1,774	2,891	6,995
Depreciation and impairment
At 01 August 24	1,222	1,699	2,786	5,707
Charge for year	583	19	105	707
At 31 July 25	1,805	1,718	2,891	6,414
Net book value
At 31 July 25	525	56	-	581
At 31 July 24	1,108	75	105	1,288

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	4,959	11,730
Other debtors	82,771	39,829
Total	87,730	51,559

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	20,738	9,135
Accrued liabilities and deferred income	7,670	5,527
Total	28,408	14,662

7.	Directors advances, credits and guarantees
	During the year there were advances to the director of £32,105. The balance due to the director at the year end was £62,045 (2024 - £29,940).