1 April 2022 false No description of principal activity Taxfiler 2023.10 6544534business:PrivateLimitedCompanyLtd2022-04-012023-03-31 65445342022-03-31 65445342022-04-012023-03-31 6544534business:AuditExemptWithAccountantsReport2022-04-012023-03-31 6544534business:FilletedAccounts2022-04-012023-03-31 65445342023-03-31 65445342022-03-31 6544534core:WithinOneYear2023-03-31 6544534core:WithinOneYear2022-03-31 6544534core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 6544534core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 6544534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 6544534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 6544534core:PreviouslyStatedAmount2023-03-31 6544534core:PreviouslyStatedAmount2022-03-31 6544534business:SmallEntities2022-04-012023-03-31 6544534business:Director22022-04-012023-03-31 6544534countries:EnglandWales2022-04-012023-03-31 6544534business:RegisteredOffice2022-04-012023-03-31 6544534core:PlantMachinery2022-04-012023-03-31 6544534core:MotorVehicles2022-04-012023-03-31 6544534core:ComputerEquipment2022-04-012023-03-31 6544534core:IntangibleAssetsOtherThanGoodwill2022-03-31 6544534core:IntangibleAssetsOtherThanGoodwill2023-03-31 6544534core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31 6544534core:PlantMachinery2022-03-31 6544534core:MotorVehicles2022-03-31 6544534core:ComputerEquipment2022-03-31 6544534core:PlantMachinery2023-03-31 6544534core:MotorVehicles2023-03-31 6544534core:ComputerEquipment2023-03-31 6544534business:OrdinaryShareClass12022-04-012023-03-31 6544534business:OrdinaryShareClass12021-04-012022-03-31 6544534business:OrdinaryShareClass22022-04-012023-03-31 6544534business:OrdinaryShareClass22021-04-012022-03-31 6544534business:OrdinaryShareClass32022-04-012023-03-31 6544534business:OrdinaryShareClass32021-04-012022-03-31 6544534business:AllOrdinaryShares2022-04-012023-03-31 6544534business:AllOrdinaryShares2021-04-012022-03-31 6544534business:Director12022-04-012023-03-31 6544534business:Director122022-04-012023-03-31 6544534business:Director122022-03-31 6544534business:Director122023-03-31 6544534business:Director212022-04-012023-03-31 6544534business:Director212022-03-31 6544534business:Director212023-03-31 65445342021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 6544534 (England and Wales)
Stoneletters Limited Unaudited accounts for the year ended 31 March 2023
Stoneletters Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,005 
12,372 
Tangible assets
30,704 
30,348 
38,709 
42,720 
Current assets
Inventories
12,500 
11,428 
Debtors
32,478 
11,448 
Cash at bank and in hand
179,475 
51,901 
224,453 
74,777 
Creditors: amounts falling due within one year
(60,975)
(39,477)
Net current assets
163,478 
35,300 
Total assets less current liabilities
202,187 
78,020 
Provisions for liabilities
Deferred tax
(6,917)
(7,583)
Net assets
195,270 
70,437 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
195,170 
70,337 
Shareholders' funds
195,270 
70,437 
For the year ending 31 March 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 1 November 2023 and were signed on its behalf by
Mrs H L Wessel Director Company Registration No. 6544534
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Stoneletters Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Stoneletters Limited is a private company, limited by shares, registered in England and Wales, registration number 6544534. The registered office is Spring Cottage, Green Lane, Milton Under Wychwood, Chipping Norton, OX7 6JY, UK.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Deferred taxation
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.
Inventories
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
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.
- 3 -
Stoneletters Limited Notes to the Accounts for the year ended 31 March 2023
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
13,100 
At 31 March 2023
13,100 
Amortisation
At 1 April 2022
728 
Charge for the year
4,367 
At 31 March 2023
5,095 
Net book value
At 31 March 2023
8,005 
At 31 March 2022
12,372 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
30,000 
11,473 
1,905 
43,378 
Additions
- 
12,800 
- 
12,800 
At 31 March 2023
30,000 
24,273 
1,905 
56,178 
Depreciation
At 1 April 2022
3,750 
8,604 
676 
13,030 
Charge for the year
7,500 
4,468 
476 
12,444 
At 31 March 2023
11,250 
13,072 
1,152 
25,474 
Net book value
At 31 March 2023
18,750 
11,201 
753 
30,704 
At 31 March 2022
26,250 
2,869 
1,229 
30,348 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,478 
11,448 
- 4 -
Stoneletters Limited Notes to the Accounts for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
17,986 
7,346 
Trade creditors
513 
1,176 
Taxes and social security
47,843 
14,384 
Other creditors
2,385 
1,075 
Loans from directors
(9,092)
14,406 
Accruals
1,340 
1,090 
60,975 
39,477 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
45 "A" shares of £1 each
45 
45 
45 "B" shares of £1 each
45 
45 
10 "C" shares of £1 each
10 
10 
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr E F Wessel
F Wessel - Directors Loan account
- 
7,321 
- 
7,321 
Mrs H L Wessel
H Wessel - Directors Loan account
- 
7,321 
- 
7,321 
- 
14,642 
- 
14,642 
10
Controlling party
The ultimate controlling parties are the directors of the company.
11
Average number of employees
During the year the average number of employees was 6 (2022: 6).
- 5 -