Company Registration No. NI616683 (Northern Ireland)
Stonypath Environmental Ltd
Unaudited accounts
for the year ended 28 February 2023
Stonypath Environmental Ltd
Unaudited accounts
Contents
Stonypath Environmental Ltd
Company Information
for the year ended 28 February 2023
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
Stonypath Environmental Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
1,710,500
1,700,000
Cash at bank and in hand
397,085
252,393
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
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
Stonypath Environmental Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Stonypath Environmental Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Plant & machinery
At 28 February 2023
1,710,500
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.
Amounts falling due within one year
Trade debtors
48,352
29,608
Accrued income and prepayments
89,128
63,242
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
100,000
100,000
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
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).