2022-03-01 08441846 2023-02-28 08441846 2022-03-01 2023-02-28 08441846 2022-02-28 08441846 2021-03-01 2022-02-28 08441846 uk-core:WithinOneYear 2022-02-28 08441846 uk-core:WithinOneYear 2023-02-28 08441846 uk-core:AfterOneYear 2022-02-28 08441846 uk-core:AfterOneYear 2023-02-28 08441846 uk-core:ShareCapital 2023-02-28 08441846 uk-core:ShareCapital 2022-02-28 08441846 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 08441846 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 08441846 uk-bus:Director1 2022-03-01 2023-02-28 08441846 uk-core:NetGoodwill 2022-03-01 2023-02-28 08441846 uk-core:PlantMachinery 2022-03-01 2023-02-28 08441846 uk-core:ComputerEquipment 2022-03-01 2023-02-28 08441846 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 08441846 uk-core:Goodwill 2022-02-28 08441846 uk-core:Goodwill 2023-02-28 08441846 uk-core:Goodwill 2022-03-01 2023-02-28 08441846 uk-core:ComputerEquipment 2022-02-28 08441846 uk-core:CommercialMotorVehicles 2022-02-28 08441846 uk-core:PlantMachinery 2022-02-28 08441846 uk-core:PlantMachinery 2023-02-28 08441846 uk-core:CommercialMotorVehicles 2023-02-28 08441846 uk-core:ComputerEquipment 2023-02-28 08441846 uk-core:WithinOneYear 2023-02-28 08441846 uk-core:WithinOneYear 2022-02-28 08441846 uk-core:AfterOneYear uk-core:Secured 2023-02-28 08441846 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 08441846 uk-bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08441846 uk-bus:FRS102 2022-03-01 2023-02-28 08441846 uk-bus:FullAccounts 2022-03-01 2023-02-28 08441846 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
EDWARD STONE ELECTRICAL LTD
Registered Number:08441846
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08441846
As at 28 February 2023
EDWARD STONE ELECTRICAL LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
-
7,000
2
Property, plant and equipment
12,194
16,841
3
12,194
23,841
Current assets
Trade and other receivables
12,774
17,474
4
14,000
Cash and cash equivalents
11,702
29,176
26,774
Trade and other payables: amounts falling due within one
year
(5,148)
(5,082)
5
21,626
24,094
Net current assets
Total assets less current liabilities
36,288
45,467
Trade and other payables: amounts falling due after more
than one year
(9,266)
(6,636)
6
29,652
Net assets
36,201
Capital and reserves
Called up share capital
1
1
Retained earnings
29,651
36,200
29,652
36,201
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Edward Stone Director
These financial statements were approved and authorised for issue by the Board on 17 November 2023 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements
Statutory Information
EDWARD STONE ELECTRICAL LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08441846.
Registered address:
58 Sea Street
Herne Bay
Kent
CT6 8QB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 6 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2022
40,000
At 28 February 2023
40,000
Amortisation
At 01 March 2022
33,000
7,000
Charge for year
At 28 February 2023
40,000
Net book value
At 28 February 2023
-
At 28 February 2022
7,000
2 of 4
5
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 March 2022
29,940
-
29,940
-
3,783
1,589
-
2,194
Additions
At 28 February 2023
2,194
29,940
1,589
33,723
Provision for depreciation and impairment
At 01 March 2022
13,099
-
13,099
-
Charge for year
8,430
397
7,485
548
At 28 February 2023
21,529
397
20,584
548
At 28 February 2023
Net book value
1,646
9,356
1,192
12,194
At 28 February 2022
-
16,841
-
16,841
4. Trade and other receivables
2022
2023
£
£
Trade debtors
5,381
-
Other debtors
12,093
12,774
12,774
17,474
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
2,000
1,076
Taxation and social security
1,882
2,872
Other creditors
1,200
1,200
5,082
5,148
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
6,636
9,266
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
3 of 4
6
For the year ended 28 February 2023
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
4 of 4