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Company Registration No. NI616683 (Northern Ireland)
Stonypath Environmental Ltd Unaudited accounts for the year ended 28 February 2023
Stonypath Environmental Ltd Unaudited accounts Contents
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Stonypath Environmental Ltd Company Information for the year ended 28 February 2023
Director
Laura Cesnaite
Company Number
NI616683 (Northern Ireland)
Registered Office
Unit 4a Channel Wharf 21 Old Channel Road Belfast Co Antrim BT3 9DE Northern Ireland
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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Stonypath Environmental Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,710,500 
1,700,000 
Current assets
Debtors
137,480 
92,850 
Cash at bank and in hand
397,085 
252,393 
534,565 
345,243 
Creditors: amounts falling due within one year
(248,539)
(220,071)
Net current assets
286,026 
125,172 
Total assets less current liabilities
1,996,526 
1,825,172 
Creditors: amounts falling due after more than one year
(550,000)
(650,000)
Net assets
1,446,526 
1,175,172 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
689,200 
689,200 
Profit and loss account
757,226 
485,872 
Shareholders' funds
1,446,526 
1,175,172 
For the year ending 28 February 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 25 October 2023 and were signed on its behalf by
Laura Cesnaite Director Company Registration No. NI616683
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Stonypath Environmental Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Stonypath Environmental Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI616683. The registered office is Unit 4a Channel Wharf, 21 Old Channel Road, Belfast, Co Antrim, BT3 9DE, Northern Ireland.
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.
Tangible fixed assets and depreciation
Tangible fixed assets whose fair value can be measured reliably without undue cost or effort are measured at fair value with changes in fair value recognised in the revaluation reserve.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Stonypath Environmental Ltd Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
1,700,000 
Additions
10,500 
At 28 February 2023
1,710,500 
Depreciation
At 28 February 2023
- 
Net book value
At 28 February 2023
1,710,500 
At 28 February 2022
1,700,000 
Plant and Machinery was previously revalued on 31 August 2016 by Burton Knowles on the basis of open market value. The director has confirmed that the value of £1.7m is still appropriate at 28 February 2023.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
48,352 
29,608 
Accrued income and prepayments
89,128 
63,242 
137,480 
92,850 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
100,000 
100,000 
VAT
23,036 
13,006 
Trade creditors
1,403 
1,478 
Taxes and social security
51,061 
17,675 
Other creditors
68,921 
68,921 
Loans from directors
1,872 
1,872 
Accruals
2,246 
17,119 
248,539 
220,071 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
550,000 
650,000 
8
Transactions with related parties
Included in other creditors is an amount owed to a related party totaling £68,921 (2022 - £68,921).
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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