Robert Stuart Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00398525

ROBERT STUART LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 November 2025

ROBERT STUART LTD

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

Contents	Page

Officers and Professional Advisers	1

Balance Sheet	2

Notes to the Financial Statements	4

ROBERT STUART LTD

OFFICERS AND PROFESSIONAL ADVISERS

THE BOARD OF DIRECTORS	H P Constable Maxwell B.Sc.
	T B Constable Maxwell B.A.

COMPANY SECRETARY	N S Hourican FCMA, CGMA

REGISTERED OFFICE	10/11 Edinburgh Way
	Harlow
	Essex
	CM20 2DH

ACCOUNTANTS	Gallagher & Brocklehurst
	Accountants
	50-52 Brookmans Business Park
	Great North Road
	Brookmans Park
	Hertfordshire
	AL9 6NE

ROBERT STUART LTD

BALANCE SHEET

30 November 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	2,772,359	2,751,434

CURRENT ASSETS

Stock		123,138	102,944
Debtors	6	1,722,069	1,390,771
Cash at bank and in hand		368	544
		------------	------------
		1,845,575	1,494,259

CREDITORS: amounts falling due within one year	7	( 992,313)	( 776,824)
		------------	------------
NET CURRENT ASSETS		853,262	717,435
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		3,625,621	3,468,869

CREDITORS: amounts falling due after more than one year	8	( 746,171)	( 832,090)
		------------	------------
NET ASSETS		2,879,450	2,636,779
		------------	------------

CAPITAL AND RESERVES

Called up share capital	300,000	300,000
Profit and loss account	2,579,450	2,336,779
	------------	------------
SHAREHOLDERS FUNDS	2,879,450	2,636,779
	------------	------------

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 profit and loss account has not been delivered.

For the year ending 30 November 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 .

ROBERT STUART LTD

BALANCE SHEET (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

T B Constable Maxwell B.A.
Director

Company registration number: 00398525

ROBERT STUART LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2025

1. GENERAL INFORMATION

Robert Stuart Ltd (company number: 00398525 ) is a private company limited by shares, registered in England and Wales. The address of the registered office is 10/11 Edinburgh Way, Harlow, Essex, CM20 2DH.

2. PROFIT

Profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	341,796	332,142
Factory maintenance and refurbishment	305,846	315,974

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Presentation and foreign currencies

The presentation currency is in UK £ sterling, all sales are invoiced in sterling, so transactions in foreign currencies are translated into sterling at the prevailing rate on the date of receipt. All exchange differences are taken into account in arriving at the trading result.

Lease purchase contract

Assets obtained under a lease purchase contract are capitalised as tangible fixed assets. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each year.

Pension costs and other post-retirement benefits

It is the company's policy to maximise the directors' pension entitlements by way of making contributions to the directors' defined contribution pension fund, in which two directors are members, as each member desires, assuming that there are sufficient monies available at that time.

Senior staff have defined contribution pension contracts, which are invested in external insurance companies to which the company contributes.

All the above contributions are included in the profit and loss account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Taxation

Taxation represents the sum of tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantially enacted by the end of the reporting period. Deferred tax is defined as the potential tax liability of all timing differences that have originated, but not reversed, at the balance sheet date. The directors consider that providing for such taxation in the company's financial statements would be misleading, as it is their opinion that (a) it is in the nature of the company's trade to continuously replace its assets and the company writes off all its assets when they are ten years old, thereby making timing differences, which arise from accelerated capital allowances, largely immaterial and (b) the potential tax due, which would arise from the sale of the property, would only become due if the company ceased to trade, which is not envisaged in the foreseeable future. Consequently the directors consider it more appropriate to show the potential liability for deferred taxation as a contingent liability in note 10, rather than in the balance sheet, as recommended in Financial Reporting Standard 19 ('FRS19').

Tangible assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis at rates of 10% to 20% per annum. Assets held under a lease purchase contract are depreciated in the same way as owned assets. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets and reduces its balance sheet value, where appropriate. All plant and machinery over ten years old is written off in the financial statements as having no value.

Stock and work in progress

Stock, which consisted wholly of raw materials and consumables, is valued at the last replacement cost or net realisable value, whichever is the lower. Work in progress is only considered to have any value when completed and inspected, so has been valued at £ Nil (2024 - £ Nil) in these financial statements.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 92 (2024: 83 ).

5. TANGIBLE ASSETS

	Freehold land and buildings	Plant and machinery	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 December 2024	1,090,329	3,032,356	57,779	326,594	4,507,058
Additions	80,999	257,254	–	24,468	362,721
Disposals	–	( 122,916)	–	( 57,833)	( 180,749)
	------------	------------	--------	---------	------------
At 30 November 2025	1,171,328	3,166,694	57,779	293,229	4,689,030
	------------	------------	--------	---------	------------
Depreciation
At 1 December 2024	–	1,536,566	45,596	173,462	1,755,624
Charge for the year	–	312,000	4,296	25,500	341,796
Disposals	–	( 122,916)	–	( 57,833)	( 180,749)
	------------	------------	--------	---------	------------
At 30 November 2025	–	1,725,650	49,892	141,129	1,916,671
	------------	------------	--------	---------	------------
Carrying amount
At 30 November 2025	1,171,328	1,441,044	7,887	152,100	2,772,359
	------------	------------	--------	---------	------------
At 30 November 2024	1,090,329	1,495,790	12,183	153,132	2,751,434
	------------	------------	--------	---------	------------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	1,528,882	1,344,962
Other debtors	193,187	45,809
	------------	------------
	1,722,069	1,390,771
	------------	------------

All the above amounts are falling due within one year.

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and finance contracts	161,607	138,889
Trade creditors	217,972	228,217
Bank overdraft	36,636	7,724
Social security and other taxes	310,476	170,920
Other creditors	265,622	231,074
	---------	---------
	992,313	776,824
	---------	---------

The bank loans are secured by a fixed and floating charge over the company's assets. The lease purchase contracts are secured on the assets concerned.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and finance contracts	746,171	832,090
	---------	---------

The above loans outstanding at the year end include instalments due after more than five years of £361.669 (2024 - £405.950).

9. CAPITAL COMMITMENTS

The company had capital commitments contracted for, but not yet provided for in these financial statements at the balance sheet date of £ Nil (2024 - £142,367).

10. CONTINGENT ASSETS AND LIABILITIES

The company has been advised that land adjacent to a property once owned by the company has been contaminated and that the company might be responsible for part of the cost of remediation. The company has taken both legal and technical advice on this and is currently awaiting further details. Known costs have been provided for, but any further costs, if any, are not possible to quantify.

The potential liability for deferred taxation, which the directors believe will not arise in the foreseeable future as stated in the accounting policies in note 3, is estimated to be £483,023 (2024 - £366,105) at the balance sheet date.

Any potential increase in the value of the company's assets are considered irrelevant by the directors as it is not the intention of the shareholders either to cease trading or to sell the company within the foreseeable future which are the only events which might generate any additional value of the assets in the balance sheet.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

On 1st October 2025 the company made an advance of £50,000 (2024: £ Nil) to Mr T B Constable Maxwell, a director, and received credits of £ Nil (2024: £ Nil). Interest at the rate of 3.75% will be charged on the overdrawn balance, starting with the first charge covering the period 1st October 2025 to 1st April 2026 due to be paid in April 2026. The loan is unsecured, repayable on demand and is due to be repaid in full by September 2027.

12. CONTROLLING PARTY

At the balance sheet date, the company was under the joint control of Mr H Constable Maxwell and Mr T Constable Maxwell, who are directors of the company. As neither holds more than 50% of the issued share capital of the company, they are treated as joint ultimate controlling parties.