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REGISTERED NUMBER: 11216977 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

NStone Works Ltd

NStone Works Ltd (Registered number: 11216977)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NStone Works Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr D Nechifor





REGISTERED OFFICE: 7 Magellan Way
Derby
DE24 1AD





REGISTERED NUMBER: 11216977 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

NStone Works Ltd (Registered number: 11216977)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,866 23,988

CURRENT ASSETS
Stocks 5 26,008 26,909
Debtors 6 136,411 182,453
Cash at bank 1 8,576
162,420 217,938
CREDITORS
Amounts falling due within one
year

7

115,539

113,720
NET CURRENT ASSETS 46,881 104,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,747

128,206

CREDITORS
Amounts falling due after more
than one year

8

65,687

127,314
NET ASSETS 1,060 892

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 960 792
SHAREHOLDERS' FUNDS 1,060 892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 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.

NStone Works Ltd (Registered number: 11216977)

Balance Sheet - continued
28 February 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 29 November 2023 and were signed by:





Mr D Nechifor - Director


NStone Works Ltd (Registered number: 11216977)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

NStone Works 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

NStone Works Ltd (Registered number: 11216977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 3,110 37,990 8,288 49,388
Additions 2,500 - - 2,500
At 28 February 2023 5,610 37,990 8,288 51,888
DEPRECIATION
At 1 March 2022 1,410 20,803 3,187 25,400
Charge for year 1,050 4,297 1,275 6,622
At 28 February 2023 2,460 25,100 4,462 32,022
NET BOOK VALUE
At 28 February 2023 3,150 12,890 3,826 19,866
At 28 February 2022 1,700 17,187 5,101 23,988

5. STOCKS
28.2.23 28.2.22
£    £   
Work-in-progress 26,008 26,909

6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 8,980 6,510
Other debtors 47,431 175,943
56,411 182,453

Amounts falling due after more than one year:
Other debtors 80,000 -

Aggregate amounts 136,411 182,453

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 42 10,000
Hire purchase contracts 7,814 8,328
Trade creditors 13,312 6,171
Taxation and social security 17,287 12,662
Other creditors 77,084 76,559
115,539 113,720

NStone Works Ltd (Registered number: 11216977)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 40,000
Hire purchase contracts 3,937 11,314
Other creditors 61,750 76,000
65,687 127,314

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 March 2022 792
Profit for the year 16,168
Dividends (16,000 )
At 28 February 2023 960

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2022 - £29,000) were paid to the director .

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Nechifor.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.