IRIS Accounts Production v23.3.0.418 04357466 director 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043574662022-05-31043574662023-05-31043574662022-06-012023-05-31043574662021-05-31043574662021-06-012022-05-31043574662022-05-3104357466ns10:Originalns15:EnglandWales2022-06-012023-05-3104357466ns14:PoundSterlingns10:Original2022-06-012023-05-3104357466ns10:Originalns10:Director12022-06-012023-05-3104357466ns10:Original2022-06-012023-05-3104357466ns10:Original2023-05-3104357466ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104357466ns10:Originalns10:SmallEntities2022-06-012023-05-3104357466ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104357466ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104357466ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104357466ns10:Originalns10:FullAccounts2022-06-012023-05-3104357466ns10:Original12022-06-012023-05-3104357466ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104357466ns10:Original2022-05-3104357466ns10:Originalns5:CurrentFinancialInstruments2023-05-3104357466ns10:Originalns5:CurrentFinancialInstruments2022-05-3104357466ns10:Originalns5:Non-currentFinancialInstruments2023-05-3104357466ns10:Originalns5:Non-currentFinancialInstruments2022-05-3104357466ns5:ShareCapitalns10:Original2023-05-3104357466ns5:ShareCapitalns10:Original2022-05-3104357466ns10:Originalns5:RevaluationReserve2023-05-3104357466ns10:Originalns5:RevaluationReserve2022-05-3104357466ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104357466ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104357466ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3104357466ns10:Originalns5:ComputerSoftware2022-06-012023-05-3104357466ns10:Original2021-06-012022-05-3104357466ns10:Originalns5:ComputerSoftware2023-05-3104357466ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-05-3104357466ns10:Originalns5:PlantMachinery2022-05-3104357466ns10:Originalns5:FurnitureFittings2022-05-3104357466ns10:Originalns5:MotorVehicles2022-05-3104357466ns10:Original2022-05-3104357466ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-012023-05-3104357466ns10:Originalns5:PlantMachinery2022-06-012023-05-3104357466ns10:Originalns5:FurnitureFittings2022-06-012023-05-3104357466ns10:Originalns5:MotorVehicles2022-06-012023-05-3104357466ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2023-05-3104357466ns10:Originalns5:PlantMachinery2023-05-3104357466ns10:Originalns5:FurnitureFittings2023-05-3104357466ns10:Originalns5:MotorVehicles2023-05-3104357466ns10:Originalns5:ShortLeaseholdAssetsns5:LandBuildings2022-05-3104357466ns10:Originalns5:PlantMachinery2022-05-3104357466ns10:Originalns5:FurnitureFittings2022-05-3104357466ns10:Originalns5:MotorVehicles2022-05-3104357466ns10:Originalns5:LeasedAssetsHeldAsLessee2022-06-012023-05-3104357466ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104357466ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3104357466ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3104357466ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3104357466ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3104357466ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3104357466ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104357466ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3104357466ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2023-05-3104357466ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-05-3104357466ns10:Originalns5:HirePurchaseContracts2023-05-3104357466ns10:Originalns5:HirePurchaseContracts2022-05-3104357466ns10:Originalns5:WithinOneYear2023-05-3104357466ns10:Originalns5:WithinOneYear2022-05-3104357466ns5:BetweenOneFiveYearsns10:Original2023-05-3104357466ns5:BetweenOneFiveYearsns10:Original2022-05-3104357466ns10:Originalns5:AllPeriods2023-05-3104357466ns10:Originalns5:AllPeriods2022-05-3104357466ns5:Securedns10:Original2023-05-3104357466ns5:Securedns10:Original2022-05-3104357466ns10:Originalns5:RevaluationReserve2022-05-31
REGISTERED NUMBER: 04357466 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Traditional Stone & Slate Supplies
Limited

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Traditional Stone & Slate Supplies
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Mr J N S Hunter





REGISTERED OFFICE: Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ





REGISTERED NUMBER: 04357466 (England and Wales)





ACCOUNTANTS: Crowther Chartered Accountants
Abacus House
Pennine Business Park
Longbow Close
Huddersfield
West Yorkshire
HD2 1GQ

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 13,364 -
Tangible assets 5 487,239 581,468
500,603 581,468

CURRENT ASSETS
Stocks 6 666,583 611,171
Debtors 7 230,269 558,102
Cash at bank 309,546 239,651
1,206,398 1,408,924
CREDITORS
Amounts falling due within one year 8 441,846 707,821
NET CURRENT ASSETS 764,552 701,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,265,155

1,282,571

CREDITORS
Amounts falling due after more than one year 9 (28,214 ) (62,989 )

PROVISIONS FOR LIABILITIES (96,596 ) (85,648 )
NET ASSETS 1,140,345 1,133,934

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 13 19,200 19,200
Retained earnings 1,121,045 1,114,634
SHAREHOLDERS' FUNDS 1,140,345 1,133,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Balance Sheet - continued
31 May 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 23 August 2023 and were signed by:





Mr J N S Hunter - Director


Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Traditional Stone & Slate Supplies Limited 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.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

At each reporting date the company assess whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Property improvements- 10% on cost
Plant and machinery- 20% reducing balance
Fixtures and fittings- 25% reducing balance
Motor vehicles- 25% reducing balance

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


Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

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 34 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
Additions 13,476
At 31 May 2023 13,476
AMORTISATION
Amortisation for year 112
At 31 May 2023 112
NET BOOK VALUE
At 31 May 2023 13,364

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Property Plant and and Motor
improvements machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 June 2022 297,449 684,998 14,506 365,893 1,362,846
Additions 13,470 14,448 2,017 8,500 38,435
Disposals - (14,570 ) - - (14,570 )
At 31 May 2023 310,919 684,876 16,523 374,393 1,386,711
DEPRECIATION
At 1 June 2022 166,760 359,793 7,510 247,315 781,378
Charge for year 29,940 67,078 1,914 30,175 129,107
Eliminated on disposal - (11,013 ) - - (11,013 )
At 31 May 2023 196,700 415,858 9,424 277,490 899,472
NET BOOK VALUE
At 31 May 2023 114,219 269,018 7,099 96,903 487,239
At 31 May 2022 130,689 325,205 6,996 118,578 581,468

At the balance sheet date, included within the fixed assets above were assets held on hire purchase with NBV of £66,667 (2022 - £89,037). The depreciation charge on these assets were £22,370 (2022 - £26,329).

6. STOCKS
31.5.23 31.5.22
£ £
Stocks 666,583 611,171

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Trade debtors 185,954 304,740
Amounts owed by associates - 48,571
Other debtors 4,875 -
Employment allowance debtor 5,000 -
Directors' loan accounts - 152,991
Prepayments 34,440 51,800
230,269 558,102

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£ £
Bank loans and overdrafts (see note 10) 10,000 10,000
Hire purchase contracts (see note 11) 25,083 35,871
Trade creditors 189,124 514,501
Tax 29,161 3,813
Social security and other tax 17,779 19,119
Pension liability 3,905 -
VAT 105,712 60,662
Other creditors 2,632 14,224
Directors' loan accounts 18,548 -
Accrued expenses 39,902 49,631
441,846 707,821

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£ £
Bank loans (see note 10) 25,646 35,272
Hire purchase contracts (see note 11) 2,568 27,717
28,214 62,989

10. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£ £
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,646 25,272

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.5.23 31.5.22
£ £
Net obligations repayable:
Within one year 25,083 35,871
Between one and five years 2,568 27,717
27,651 63,588

Non-cancellable
operating leases
31.5.23 31.5.22
£ £
Within one year 9,174 12,449
Between one and five years 3,418 12,592
12,592 25,041

12. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£ £
Bank loans 35,646 45,272
Hire purchase contracts 27,651 63,588
63,297 108,860

13. RESERVES
Revaluation
reserve
£
At 1 June 2022
and 31 May 2023 19,200

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts due within one year is a loan from the director of £18,548 (2022 - (£152,991) ). The loan is interest free and repayable on demand.

15. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £nil (2022 - £48,571) from Back-Up North Limited. The directors in Back-Up North Limited are the same directors in the company.

Traditional Stone & Slate Supplies
Limited (Registered number: 04357466)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

16. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J N S Hunter.