Barry Stewart & Sons Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01741014

Barry Stewart & Sons Limited

Filleted Unaudited Financial Statements

31 December 2025

Barry Stewart & Sons Limited

Financial Statements

Year ended 31 December 2025

Contents	Pages

Balance sheet	1 to 2

Notes to the financial statements	3 to 7

Barry Stewart & Sons Limited

Balance Sheet

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	782,144	793,076
Investments	6	1,990,954	1,930,449
		------------	------------
		2,773,098	2,723,525

Current assets

Stocks		4,740	6,790
Debtors: due within one year	7	1,072,397	851,999
Other Debtors	7	250,000	250,000
Cash at bank and in hand		205,648	448,516
		------------	------------
		1,532,785	1,557,305

Creditors: amounts falling due within one year	8	( 759,194)		( 660,371)
		------------		------------
Net current assets			773,591	896,934
			------------	------------
Total assets less current liabilities			3,546,689	3,620,459

Creditors: amounts falling due after more than one year	9		–	( 4,436)

Provisions

Taxation including deferred tax	( 249,305)	( 250,348)
	------------	------------
Net assets	3,297,384	3,365,675
	------------	------------

Barry Stewart & Sons Limited

Balance Sheet (continued)

31 December 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	50,000	50,000
Revaluation reserve	306,440	306,440
Profit and loss account	2,940,944	3,009,235
	------------	------------
Shareholders funds	3,297,384	3,365,675
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 July 2026 , and are signed on behalf of the board by:

Mrs N.L Anderson

Director

Company registration number: 01741014

Barry Stewart & Sons Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 60 Longbridge Road, Barking, Essex, IG11 8RT.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents the value of services provided during the year, and rents received exclusive of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	15% reducing balance
Motor Vehicles	-	25% reducing balance

No depreciation has been provided on the Company's freehold property as when calculated in conjunction with the estimated residual value the charge is immaterial.

Investments

Investments are initially recorded at cost and are regarded as monetary assets. The Company assesses investments for impairment whenever events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. If any such indication of impairment exists, the Company makes an estimate of the recoverable amount. If the recoverable amount is less than the value of the investment, the investment is considered to be impaired and is written down to its recoverable amount. An impairment loss is recognised immediately in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

The company operates a money purchase pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 8 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	650,000	77,730	294,076	1,021,806
Additions	–	4,797	22,499	27,296
Disposals	–	( 2,326)	–	( 2,326)
	---------	--------	---------	------------
At 31 December 2025	650,000	80,201	316,575	1,046,776
	---------	--------	---------	------------
Depreciation
At 1 January 2025	–	47,511	181,219	228,730
Charge for the year	–	8,606	29,622	38,228
Disposals	–	( 2,326)	–	( 2,326)
	---------	--------	---------	------------
At 31 December 2025	–	53,791	210,841	264,632
	---------	--------	---------	------------
Carrying amount
At 31 December 2025	650,000	26,410	105,734	782,144
	---------	--------	---------	------------
At 31 December 2024	650,000	30,219	112,857	793,076
	---------	--------	---------	------------

The freehold properties were revalued by the directors on 31st December 2024 using existing use values .

6. Investments

	Investment Properties	Other loans	Total
	£	£	£
Cost
At 1 January 2025	1,800,000	130,449	1,930,449
Additions	–	60,505	60,505
	------------	---------	------------
At 31 December 2025	1,800,000	190,954	1,990,954
	------------	---------	------------
Impairment
At 1 January 2025 and 31 December 2025	–	–	–
	------------	---------	------------

Carrying amount
At 31 December 2025	1,800,000	190,954	1,990,954
	------------	---------	------------
At 31 December 2024	1,800,000	130,449	1,930,449
	------------	---------	------------

The investment properties were revalued by the directors on 31st December 2024 based on current market values.

7. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	579,959	194,653
Prepayments and accrued income	42,153	423,219
Directors loan account	216,875	–
Other debtors	233,410	234,127
	------------	---------
	1,072,397	851,999
	------------	---------

Debtors falling due after one year are as follows:

	2025	2024
	£	£
Other debtors	250,000	250,000
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	57,795	77,831
Accruals and deferred income	371,876	358,113
Corporation tax	24,434	54,620
Social security and other taxes	135,970	77,666
Obligations under finance leases and hire purchase contracts	4,436	13,308
Director loan accounts	362	2,140
Deposits held	8,150	–
Other creditors	156,171	76,693
	---------	---------
	759,194	660,371
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	–	4,436
	----	-------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B. Stewart	( 1,978)	458,854	( 240,000)	216,876
W.L Arden	–	–	–	–
	-------	---------	---------	---------
	( 1,978)	458,854	( 240,000)	216,876
	-------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B. Stewart	–	–	–	–
W.L Arden	( 120,408)	153,030	( 34,600)	( 1,978)
	---------	---------	--------	-------
	( 120,408)	153,030	( 34,600)	( 1,978)
	---------	---------	--------	-------

11. Related party transactions

Included within the balance sheet are loans due to/from companies with common directors. The balances at 31st December were as follows:

		2025	2024
		£	£

Other Debtors - due within one year

Southcrown Limited	230,985	219,174
Stewart Holdings Limited	–	840
Cut Above Limited	–	9,056

Other Creditors - due within one year

Stewart Castle Limited	75,000	75,000
Stewart Holdings Limited	10,000	–
Cut Above Limited	69,487	–

12. Reserves

The Profit and Loss account includes non-distributable reserves of £648,580 (2024 £648,580)