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
Intangible assets
8,005
12,372
Tangible assets
30,704
30,348
Cash at bank and in hand
179,475
51,901
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)
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
Stoneletters Limited
Notes to the Accounts
for the year ended 31 March 2023
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.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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 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.
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.
Stoneletters Limited
Notes to the Accounts
for the year ended 31 March 2023
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
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
At 31 March 2023
18,750
11,201
753
30,704
At 31 March 2022
26,250
2,869
1,229
30,348
Amounts falling due within one year
Trade debtors
32,478
11,448
Stoneletters Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
47,843
14,384
Other creditors
2,385
1,075
Loans from directors
(9,092)
14,406
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
F Wessel - Directors Loan account
-
7,321
-
7,321
H Wessel - Directors Loan account
-
7,321
-
7,321
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).