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Company Registration No. 06625097 (England and Wales)
Stone Prestige Limited Unaudited accounts for the year ended 31 August 2023
Stone Prestige Limited Unaudited accounts Contents
Page
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Stone Prestige Limited Company Information for the year ended 31 August 2023
Director
Jonathan Bull
Company Number
06625097 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
GUIDA ACCOUNTANCY LTD 14 Southwold Crescent Benfleet Essex SS7 5SW
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Stone Prestige Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,964 
6,612 
Current assets
Debtors
118,360 
127,416 
Cash at bank and in hand
4 
1,614 
118,364 
129,030 
Creditors: amounts falling due within one year
(81,924)
(90,309)
Net current assets
36,440 
38,721 
Total assets less current liabilities
43,404 
45,333 
Creditors: amounts falling due after more than one year
(36,598)
(42,003)
Net assets
6,806 
3,330 
Capital and reserves
Called up share capital
250 
250 
Profit and loss account
6,556 
3,080 
Shareholders' funds
6,806 
3,330 
For the year ending 31 August 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 his 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 10 November 2023 and were signed on its behalf by
Jonathan Bull Director Company Registration No. 06625097
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Stone Prestige Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Stone Prestige Limited is a private company, limited by shares, registered in England and Wales, registration number 06625097. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
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 is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. 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% reducing balance
Computer equipment
25% straight line
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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Stone Prestige Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2022
2,160 
20,590 
7,396 
30,146 
Additions
1,783 
- 
1,073 
2,856 
Disposals
(634)
- 
- 
(634)
At 31 August 2023
3,309 
20,590 
8,469 
32,368 
Depreciation
At 1 September 2022
1,139 
15,704 
6,691 
23,534 
Charge for the year
780 
1,221 
503 
2,504 
On disposals
(634)
- 
- 
(634)
At 31 August 2023
1,285 
16,925 
7,194 
25,404 
Net book value
At 31 August 2023
2,024 
3,665 
1,275 
6,964 
At 31 August 2022
1,021 
4,886 
705 
6,612 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,722 
64 
Other debtors
97,638 
127,352 
118,360 
127,416 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,160 
5,335 
Trade creditors
1,075 
6,810 
Taxes and social security
43,630 
43,323 
Other creditors
26,529 
26,166 
Accruals
1,530 
8,675 
81,924 
90,309 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
36,598 
42,003 
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Stone Prestige Limited Notes to the Accounts for the year ended 31 August 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Jonathan Bull
Director's loan account
109,146 
- 
36,564 
72,582 
109,146 
- 
36,564 
72,582 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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