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REGISTERED NUMBER: 05706832 (England and Wales)















STONE JUNCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONE JUNCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: R J Stone





SECRETARY: Mrs F L Star-Stone





REGISTERED OFFICE: Suites 1&2 The Malthouse
Water Street
Stafford
Staffordshire
ST16 2AG





REGISTERED NUMBER: 05706832 (England and Wales)

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 208,354 215,137

CURRENT ASSETS
Debtors 5 200,375 532,008
Cash at bank 614,409 525,502
814,784 1,057,510
CREDITORS
Amounts falling due within one year 6 (135,441 ) (297,405 )
NET CURRENT ASSETS 679,343 760,105
TOTAL ASSETS LESS CURRENT LIABILITIES 887,697 975,242

CREDITORS
Amounts falling due after more than one
year

7

-

(41,791

)

PROVISIONS FOR LIABILITIES (1,231 ) (3,292 )
NET ASSETS 886,466 930,159

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 886,464 930,157
SHAREHOLDERS' FUNDS 886,466 930,159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 September 2023 and were signed by:





R J Stone - Director


STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Stone Junction 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A "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.

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

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from public relations consultancy services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargeable hours undertaken and costs incurred in relation to a project.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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.

Initial recognition of the property is at cost of £200,449. No depreciation has been applied during the year as the revaluation model will be applied going forward. At the balance sheet date the cost equates to the fair value of the property.

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Government grants
Government Grants in respect of Covid-19 received as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the company with no future related costs are recognised as income in the period in which the grant becomes receivable using the accruals model.

Tax
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 200,449 85,322 285,771
Additions - 167 167
Disposals - (3,549 ) (3,549 )
At 28 February 2023 200,449 81,940 282,389
DEPRECIATION
At 1 March 2022 - 70,634 70,634
Charge for year - 5,963 5,963
Eliminated on disposal - (2,562 ) (2,562 )
At 28 February 2023 - 74,035 74,035
NET BOOK VALUE
At 28 February 2023 200,449 7,905 208,354
At 28 February 2022 200,449 14,688 215,137

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 191,507 524,678
Other debtors 684 -
Prepayments 8,184 7,330
200,375 532,008

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 8,209
Trade creditors 15,513 32,332
Tax 34,055 51,188
Social security and other taxes 24,832 41,027
VAT 28,181 141,927
Wages control account - 552
Pension control account 4,876 4,170
Directors' current accounts 403 39
Accrued expenses 27,581 17,961
135,441 297,405

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 9,868
Bank loans - 2-5 years - 31,126
Bank loans more than 5 years
by instalments - 797
- 41,791

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments - 797
- 797

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £91,136 (2022 £86,740)