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REGISTERED NUMBER: 03948080 (England and Wales)




































FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023

FOR

PLUMSTONE CORPORATION LIMITED

PLUMSTONE CORPORATION LIMITED (REGISTERED NUMBER: 03948080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PLUMSTONE CORPORATION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTOR: D J Plummer



SECRETARY: Mrs S Plummer



REGISTERED OFFICE: Chapters
Whiteley Lane
Titchfield
Fareham
Hampshire
PO15 7RW



REGISTERED NUMBER: 03948080 (England and Wales)



ACCOUNTANTS: Compass Accountants Limited
Chartered Accountants
Venture House
The Tanneries
East Street
Titchfield
Hampshire
PO14 4AR



BANKERS: Barclays Bank PLC
67-69 West Street
Fareham
Hampshire
PO16 0AT

PLUMSTONE CORPORATION LIMITED (REGISTERED NUMBER: 03948080)

BALANCE SHEET
31ST AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,175 911

CURRENT ASSETS
Debtors 5 112,636 42,752
Cash at bank 133,457 185,550
246,093 228,302
CREDITORS
Amounts falling due within one year 6 72,756 68,450
NET CURRENT ASSETS 173,337 159,852
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,512

160,763

PROVISIONS FOR LIABILITIES 223 173
NET ASSETS 174,289 160,590

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 174,286 160,587
SHAREHOLDERS' FUNDS 174,289 160,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

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 director and authorised for issue on 13th October 2023 and were signed by:





D J Plummer - Director


PLUMSTONE CORPORATION LIMITED (REGISTERED NUMBER: 03948080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023


1. STATUTORY INFORMATION

Plumstone Corporation 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 presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

Basic financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

The company's financial assets and liabilities consist of cash and cash equivalents, short term investments, trade and other debtors, trade and other creditor, and accrued expenses. The fair value of these items approximates their carrying value due to their short term value. Unless otherwise noted, the company is not exposed to significant interest, foreign exchange or credit risks arising from these instruments.

PLUMSTONE CORPORATION LIMITED (REGISTERED NUMBER: 03948080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st September 2022 6,307 9,226 15,533
Additions - 632 632
At 31st August 2023 6,307 9,858 16,165
DEPRECIATION
At 1st September 2022 5,988 8,634 14,622
Charge for year 63 305 368
At 31st August 2023 6,051 8,939 14,990
NET BOOK VALUE
At 31st August 2023 256 919 1,175
At 31st August 2022 319 592 911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 112,636 42,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 7,127 2,127
Other creditors 65,629 66,323
72,756 68,450

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2
1 Ordinay A £1 1 1
3 3

PLUMSTONE CORPORATION LIMITED (REGISTERED NUMBER: 03948080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

31.8.23 31.8.22
£    £   
D J Plummer
Balance outstanding at start of year (31,349 ) 28,550
Amounts advanced 30,500 413
Amounts repaid (312 ) (60,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,161 ) (31,349 )