Company registration number 10471929 (England and Wales)
Halifax Stone Sales Ltd
Unaudited
financial statements
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
Halifax Stone Sales Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Halifax Stone Sales Ltd
Statement of financial position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
14,069
18,760
Current assets
Stocks
12,336
42,532
Debtors
14,072
16,830
Cash at bank and in hand
3,368
11,454
29,776
70,816
Creditors: amounts falling due within one year
(27,331)
(33,040)
Net current assets
2,445
37,776
Total assets less current liabilities
16,514
56,536
Creditors: amounts falling due after more than one year
(11,067)
(16,399)
Net assets
5,447
40,137
Capital and reserves
Called up share capital
4
100
100
Profit and loss reserves
5,347
40,037
Total equity
5,447
40,137
Halifax Stone Sales Ltd
Statement of financial position (continued)
as at 30 November 2023
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 1 February 2024 and are signed on its behalf by:
M Buckle
Director
Company Registration No. 10471929
Halifax Stone Sales Ltd
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the provision of service obligation where a right to consideration is due.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance basis
Motor vehicles
25% reducing balance basis
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Halifax Stone Sales Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
2
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022 and 30 November 2023
39,150
7,500
46,650
Depreciation and impairment
At 1 December 2022
24,432
3,458
27,890
Depreciation charged in the year
3,680
1,011
4,691
At 30 November 2023
28,112
4,469
32,581
Carrying amount
At 30 November 2023
11,038
3,031
14,069
At 30 November 2022
14,718
4,042
18,760
4
Called up share capital
2023
2022
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
100
100
5
Company information
Halifax Stone Sales Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 158a Ovenden Road, Halifax, West Yorkshire, HX3 5QG.