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REGISTERED NUMBER: 04666713 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

N STONES BUILDERS LIMITED

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


N STONES BUILDERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr N Stones
Mrs J Stones



SECRETARY: Mrs J Stones



REGISTERED OFFICE: 10 High Street
Thurnscoe
Rotherham
South Yorkshire
S63 0SU



REGISTERED NUMBER: 04666713 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank Plc
Bank Street
Mexborough
Doncaster
South Yorkshire
S64 9QE

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,500 45,000
Tangible assets 5 648,349 691,091
Investment property 6 380,000 380,000
1,065,849 1,116,091

CURRENT ASSETS
Stocks 7 164,062 164,062
Debtors 8 807,813 934,029
Cash at bank and in hand 562,095 679,941
1,533,970 1,778,032
CREDITORS
Amounts falling due within one year 9 275,499 451,161
NET CURRENT ASSETS 1,258,471 1,326,871
TOTAL ASSETS LESS CURRENT LIABILITIES 2,324,320 2,442,962

PROVISIONS FOR LIABILITIES 38,560 44,901
NET ASSETS 2,285,760 2,398,061

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 2,285,660 2,397,961
SHAREHOLDERS' FUNDS 2,285,760 2,398,061

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

BALANCE SHEET - continued
31 MARCH 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors on
18 October 2018 and were signed on its behalf by:





Mr N Stones - Director


N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

N Stones Builders Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

The financial statements are presented in sterling which is the functional currency of the company
and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have
had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation
uncertainty at the reporting date that have a significant risk of causing material adjustment to the
carrying amount of assets and liabilities within the next financial year.

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

Turnover
When the outcome of a construction contract can be estimated reliably, contract costs and turnover
are recognised by reference to the stage of completion at the balance sheet date. Stage of
completion is measured by reference to performance of contractual obligations and services
rendered.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the
period in which they are incurred and contract turnover is recognised to the extent of costs incurred
that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is
recognised as an expense immediately, with a corresponding provision.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the
Balance Sheet and amortised over its estimated useful life up to a maximum of 20 years. This length
of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to
make projections beyond this period. Goodwill is reviewed for impairment at the end of the first full
financial year following each acquisition and subsequently as and when necessary if circumstances
emerge that indicate that the carrying value may not be recoverable.

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

Goodwill - over 20 years on a straight line basis.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 10% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost includes costs directly attributable to making the asset
capable of operating as intended.

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in fair value is recognised in profit or loss.

Investment properties are included in the financial statements at historical cost. This treatment
does not comply with the requirements of the Financial Reporting Standards 102 which requires
investment properties to be stated at market value. It is the view of the directors that a formal
revaluation of the investment properties would not be commercially justifiable.

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

Stocks are stated 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 stock to
its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is
made for damaged, obsolete and slow-moving stock where appropriate.

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.

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.

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2017 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 150,000
AMORTISATION
At 1 April 2017 105,000
Amortisation for year 7,500
At 31 March 2018 112,500
NET BOOK VALUE
At 31 March 2018 37,500
At 31 March 2017 45,000

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 479,844 135,967 252,093 69,394 937,298
Additions - 2,750 16,250 2,414 21,414
Disposals - - (17,855 ) - (17,855 )
At 31 March 2018 479,844 138,717 250,488 71,808 940,857
DEPRECIATION
At 1 April 2017 25,075 40,972 143,196 36,964 246,207
Charge for year 9,596 9,736 27,009 5,157 51,498
Eliminated on disposal - - (5,197 ) - (5,197 )
At 31 March 2018 34,671 50,708 165,008 42,121 292,508
NET BOOK VALUE
At 31 March 2018 445,173 88,009 85,480 29,687 648,349
At 31 March 2017 454,769 94,995 108,897 32,430 691,091

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 380,000
NET BOOK VALUE
At 31 March 2018 380,000
At 31 March 2017 380,000

7. STOCKS
31.3.18 31.3.17
£    £   
Stocks 164,062 164,062

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 532,574 503,067
Amounts recoverable on contract 73,769 247,645
Other debtors 271 -
Directors' current accounts 191,579 174,151
Prepayments and accrued income 9,620 9,166
807,813 934,029

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 205,595 273,953
Other creditors 5,267 5,267
Corporation tax 22,420 91,093
PAYE and NIC 32,334 40,036
VAT 7,283 38,212
Accruals and deferred income 2,600 2,600
275,499 451,161

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2017 2,397,961
Profit for the year 47,699
Dividends (160,000 )
At 31 March 2018 2,285,660

N STONES BUILDERS LIMITED (REGISTERED NUMBER: 04666713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018
and 31 March 2017:

31.3.18 31.3.17
£    £   
Mr N Stones and Mrs J Stones
Balance outstanding at start of year 174,151 201,685
Amounts advanced 215,128 192,466
Amounts repaid (197,700 ) (220,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 191,579 174,151

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N and Mrs J Stones.

The company was under the control of Mr N and Mrs J Stones throughout the current year.