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REGISTERED NUMBER: 13506004 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

J and L Stone Ornaments Ltd

J and L Stone Ornaments Ltd (Registered number: 13506004)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

J and L Stone Ornaments Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr J Wiles





REGISTERED OFFICE: 25 Malvern Close
Sleaford
Lincolnshire
NG34 7RA





REGISTERED NUMBER: 13506004 (England and Wales)





ACCOUNTANTS: D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD

J and L Stone Ornaments Ltd (Registered number: 13506004)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,000 8,000
Tangible assets 5 58,314 25,547
62,314 33,547

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 26,121 18,288
Cash at bank 79,812 41,725
120,933 75,013
CREDITORS
Amounts falling due within one year 7 128,391 96,201
NET CURRENT LIABILITIES (7,458 ) (21,188 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,856

12,359

CREDITORS
Amounts falling due after more than one
year

8

-

1,470
NET ASSETS 54,856 10,889

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 54,756 10,789
SHAREHOLDERS' FUNDS 54,856 10,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

J and L Stone Ornaments Ltd (Registered number: 13506004)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





Mr J Wiles - Director


J and L Stone Ornaments Ltd (Registered number: 13506004)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

J and L Stone Ornaments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J and L Stone Ornaments Ltd (Registered number: 13506004)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 12,000
AMORTISATION
At 1 July 2022 4,000
Charge for year 4,000
At 30 June 2023 8,000
NET BOOK VALUE
At 30 June 2023 4,000
At 30 June 2022 8,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 34,062
Additions 49,601
At 30 June 2023 83,663
DEPRECIATION
At 1 July 2022 8,515
Charge for year 16,834
At 30 June 2023 25,349
NET BOOK VALUE
At 30 June 2023 58,314
At 30 June 2022 25,547

J and L Stone Ornaments Ltd (Registered number: 13506004)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 25,052 17,855
Prepayments 1,069 433
26,121 18,288

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts 1,470 1,960
Trade creditors 11,951 11,486
Tax 13,741 6,135
VAT 23,571 17,911
Pension creditor 390 644
Directors' current accounts 75,598 56,525
Accrued expenses 1,670 1,540
128,391 96,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Hire purchase contracts - 1,470

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,430 (2022 - £39,430) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Wiles.

J and L Stone Ornaments Ltd

Report of the Accountants to the Director of
J and L Stone Ornaments Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2023 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






D Hubbard Accountancy Limited
3 Clover House
Boston Road
Sleaford
Lincolnshire
NG34 7HD


8 November 2023