Stewart Financial Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC351883 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

STEWART FINANCIAL MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Stewart

H Thomson

SECRETARY:

Ms J P Louden

REGISTERED OFFICE:

2 Woodside Place

Glasgow

G3 7QF

REGISTERED NUMBER:

SC351883 (Scotland)

ACCOUNTANTS:

Robert J Hart & Company

Chartered Accountants

Arran House

15D Skye Road

Prestwick

Ayrshire

KA9 2TA

FIXED ASSETS

Tangible assets

4

15,649

20,866

Investments

5

4,374

20,023

25,240

CURRENT ASSETS

Debtors

6

28,627

34,969

Cash at bank

68,479

61,980

97,106

96,949

CREDITORS

Amounts falling due within one year

7

37,557

44,119

NET CURRENT ASSETS

59,549

52,830

TOTAL ASSETS LESS CURRENT
LIABILITIES

79,572

78,070

CREDITORS

Amounts falling due after more than one
year

8

(36,190

)

(42,642

)

PROVISIONS FOR LIABILITIES

10

(3,912

)

(8,398

)

NET ASSETS

39,470

27,030

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

39,370

26,930

39,470

27,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by:

H Thomson - Director

1.	STATUTORY INFORMATION

Stewart Financial Management Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

Cost

At 1 December 2024

and 30 November 2025

20,214

39,995

60,209

Depreciation

At 1 December 2024

19,502

19,841

39,343

Charge for year

178

5,039

5,217

At 30 November 2025

19,680

24,880

44,560

Net book value

At 30 November 2025

534

15,115

15,649

At 30 November 2024

712

20,154

20,866

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

Cost

At 1 December 2024

and 30 November 2025

39,995

Depreciation

At 1 December 2024

19,841

Charge for year

5,039

At 30 November 2025

24,880

Net book value

At 30 November 2025

15,115

At 30 November 2024

20,154

5.	FIXED ASSET INVESTMENTS

Other

investments

£

Cost

At 1 December 2024

and 30 November 2025

4,374

Net book value

At 30 November 2025

4,374

At 30 November 2024

4,374

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

2,119

8,979

Other debtors

26,508

25,990

28,627

34,969

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

5,722

10,000

Hire purchase contracts

6,443

Taxation and social security

22,439

25,898

Other creditors

2,953

1,778

37,557

44,119

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans

20,510

21,679

Hire purchase contracts

15,680

20,963

36,190

42,642

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Hire purchase contracts

22,123

27,406

Hire purchase creditors are secured under the specific assets financed.

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

Deferred tax

3,912

8,398

Deferred

tax

£

Balance at 1 December 2024

8,398

Credit to Income Statement during year

(4,486

)

Balance at 30 November 2025

3,912

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Loan advances of £22,768 (2024-£22,249) were made to directors during the year. Repayments during the year were £22,249 (2024-£17,891). Loan balances of £22,768 (2024-£22,249) were outstanding at the year end. Interest has been charged at an average rate of 2.25% and 3.75% p.a. on the monthly outstanding balance.