Company Registration No. 08801696 (England and Wales)
Stone Utility Services Ltd
Unaudited accounts
for the year ended 31 January 2023
Stone Utility Services Ltd
Unaudited accounts
Contents
Stone Utility Services Ltd
Company Information
for the year ended 31 January 2023
Company Number
08801696 (England and Wales)
Registered Office
The Old Stables
Eccleshall Road
Norton Bridge
Staffordshire
ST15 0NS
England
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
Stone Utility Services Ltd
Statement of financial position
as at 31 January 2023
Tangible assets
590,276
588,136
Inventories
269,817
183,833
Cash at bank and in hand
1,027,733
979,279
Creditors: amounts falling due within one year
(521,000)
(435,829)
Net current assets
1,014,835
1,079,774
Total assets less current liabilities
1,605,111
1,667,910
Provisions for liabilities
Deferred tax
(9,981)
(12,362)
Net assets
1,595,130
1,655,548
Called up share capital
1
1
Profit and loss account
1,595,129
1,655,547
Shareholders' funds
1,595,130
1,655,548
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 20 October 2023 and were signed on its behalf by
K Milgate
Director
Company Registration No. 08801696
Stone Utility Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
Stone Utility Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08801696. The registered office is The Old Stables, Eccleshall Road, Norton Bridge, Staffordshire, ST15 0NS, England.
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.
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.
The financial statements have been prepared on the going concern basis and under the historical cost convention.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stone Utility Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2022
523,071
95,147
54,295
7,769
680,282
Additions
14,671
-
-
-
14,671
At 31 January 2023
537,742
95,147
54,295
7,769
694,953
At 1 February 2022
-
61,058
26,590
4,498
92,146
Charge for the year
-
5,114
6,926
491
12,531
At 31 January 2023
-
66,172
33,516
4,989
104,677
At 31 January 2023
537,742
28,975
20,779
2,780
590,276
At 31 January 2022
523,071
34,089
27,705
3,271
588,136
Amounts falling due within one year
Trade debtors
190,768
226,765
Other debtors
47,517
125,726
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
454,850
373,099
Taxes and social security
50,501
43,024
Other creditors
15,649
19,706
7
Deferred taxation
2023
2022
Accelerated capital allowances
9,981
12,362
Provision at start of year
12,362
15,370
Credited to the profit and loss account
(2,381)
(3,008)
Provision at end of year
9,981
12,362
Stone Utility Services Ltd
Notes to the Accounts
for the year ended 31 January 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 8 (2022: 11).