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Company Registration No. 05866342 (England and Wales)
Stonefield Systems (Europe) Ltd Unaudited accounts for the year ended 30 June 2023
Stonefield Systems (Europe) Ltd Unaudited accounts Contents
Page
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Stonefield Systems (Europe) Ltd Company Information for the year ended 30 June 2023
Directors
Mr D Gerrey Mr R E M Burton
Company Number
05866342 (England and Wales)
Registered Office
Unit 217 91 Western Road Brighton East Sussex BN1 2NW
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Stonefield Systems (Europe) Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,057 
3,785 
Current assets
Inventories
15,885 
35,737 
Debtors
15,769 
1,916 
Cash at bank and in hand
174,923 
199,995 
206,577 
237,648 
Creditors: amounts falling due within one year
(68,339)
(55,724)
Net current assets
138,238 
181,924 
Net assets
141,295 
185,709 
Capital and reserves
Called up share capital
102 
102 
Capital redemption reserve
101 
101 
Profit and loss account
141,092 
185,506 
Shareholders' funds
141,295 
185,709 
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by
Mr D Gerrey Director Company Registration No. 05866342
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Stonefield Systems (Europe) Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Stonefield Systems (Europe) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05866342. The registered office is Unit 217, 91 Western Road, Brighton, East Sussex, BN1 2NW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
4,662 
772 
7,898 
13,332 
Additions
- 
- 
1,423 
1,423 
At 30 June 2023
4,662 
772 
9,321 
14,755 
Depreciation
At 1 July 2022
3,845 
649 
5,053 
9,547 
Charge for the year
205 
30 
1,916 
2,151 
At 30 June 2023
4,050 
679 
6,969 
11,698 
Net book value
At 30 June 2023
612 
93 
2,352 
3,057 
At 30 June 2022
817 
123 
2,845 
3,785 
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Stonefield Systems (Europe) Ltd Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,663 
- 
Accrued income and prepayments
2,106 
1,916 
15,769 
1,916 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
9,091 
4,656 
Trade creditors
1,273 
200 
Taxes and social security
25,195 
27,162 
Accruals
550 
600 
Deferred income
32,230 
23,106 
68,339 
55,724 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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