Company Registration No. 05291973 (England and Wales)
Stone Productions Creative Limited
Unaudited accounts
for the year ended 30 November 2022
Stone Productions Creative Limited
Unaudited accounts
Contents
Stone Productions Creative Limited
Company Information
for the year ended 30 November 2022
Company Number
05291973 (England and Wales)
Registered Office
Lakeside Studios
62 Mill Street
St Osyth
Essex
CO16 8EW
Accountants
Pro Tax Accounting
The Colchester Centre
Hawkins Road
Colchester
Essex
CO2 8JX
Stone Productions Creative Limited
Statement of financial position
as at 30 November 2022
Tangible assets
23,403
25,314
Cash at bank and in hand
291,321
278,315
Creditors: amounts falling due within one year
(27,398)
(31,949)
Net current assets
280,338
259,782
Total assets less current liabilities
303,741
285,096
Provisions for liabilities
Net assets
303,297
284,652
Called up share capital
100
100
Profit and loss account
303,197
284,552
Shareholders' funds
303,297
284,652
For the year ending 30 November 2022 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 8 August 2023 and were signed on its behalf by
Mr K Stone
Director
Company Registration No. 05291973
Stone Productions Creative Limited
Notes to the Accounts
for the year ended 30 November 2022
Stone Productions Creative Limited is a private company, limited by shares, registered in England and Wales, registration number 05291973. The registered office is Lakeside Studios, 62 Mill Street, St Osyth, Essex, CO16 8EW.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Fixtures & fittings
25% reducing balance basis
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Stone Productions Creative Limited
Notes to the Accounts
for the year ended 30 November 2022
4
Intangible fixed assets
Goodwill
At 30 November 2022
60,000
At 30 November 2022
60,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2021
16,637
79,303
16,644
10,522
123,106
Additions
-
5,890
-
-
5,890
At 30 November 2022
16,637
85,193
16,644
10,522
128,996
At 1 December 2021
16,637
62,412
16,112
2,631
97,792
Charge for the year
-
5,695
133
1,973
7,801
At 30 November 2022
16,637
68,107
16,245
4,604
105,593
At 30 November 2022
-
17,086
399
5,918
23,403
At 30 November 2021
-
16,891
532
7,891
25,314
Amounts falling due within one year
Trade debtors
13,645
4,598
Accrued income and prepayments
2,250
-
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
23,548
20,273
Taxes and social security
1,753
582
Other creditors
681
11,094
Stone Productions Creative Limited
Notes to the Accounts
for the year ended 30 November 2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 4 (2021: 4).