REGISTERED NUMBER: SC236978 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Charles Stewart & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Angus Neil Stewart

Laurance Patrick Stewart

SECRETARY:

Laurance Patrick Stewart

REGISTERED OFFICE:

Altnaguala

Fountain Road

Golspie

Sutherland

KW10 6TH

REGISTERED NUMBER:

SC236978 (Scotland)

ACCOUNTANTS:

Leggatts Accountants Ltd

Kempfield Court

Dingwall

Highland

IV15 9RT

FIXED ASSETS

Tangible assets

4

2,490

2,413

CURRENT ASSETS

Stocks

14,650

13,990

Debtors

5

8,038

20,373

Cash at bank

15,249

29,129

37,937

63,492

CREDITORS

Amounts falling due within one year

6

15,472

30,486

NET CURRENT ASSETS

22,465

33,006

TOTAL ASSETS LESS CURRENT LIABILITIES

24,955

35,419

PROVISIONS FOR LIABILITIES

7

473

458

NET ASSETS

24,482

34,961

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

23,482

33,961

24,482

34,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 September 2026 and were signed on its behalf by:

Angus Neil Stewart - Director

1.	STATUTORY INFORMATION

Charles Stewart & Sons 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

59,241

2,142

61,383

Additions

1,834

-

1,834

At 31 December 2025

61,075

2,142

63,217

DEPRECIATION

At 1 January 2025

56,920

2,050

58,970

Charge for year

1,734

23

1,757

At 31 December 2025

58,654

2,073

60,727

NET BOOK VALUE

At 31 December 2025

2,421

69

2,490

At 31 December 2024

2,321

92

2,413

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,160

10,100

Other debtors

4,878

10,273

8,038

20,373

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

-

1,953

Trade creditors

5,804

7,969

VAT

1,627

10,141

Other creditors

3,502

-

Directors' current accounts

4,539

10,423

15,472

30,486

7.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

473

458

Deferred

tax

£

Balance at 1 January 2025

458

Provided during year

15

Balance at 31 December 2025

473

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

Laurance Patrick Stewart

Balance outstanding at start of year

(10,423

)

(16,674

)

Amounts advanced

5,884

6,251

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,539

)

(10,423

)