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Cardiff Stone Masonry Ltd

Financial Statements for the Year Ended 31 July 2023






Cardiff Stone Masonry Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G M Grant
C P M Portelli





REGISTERED OFFICE: 29 St Davids Crescent
Penarth
Vale of Glamorgan
CF64 3LZ





REGISTERED NUMBER: 09705663 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Cardiff Stone Masonry Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cardiff Stone Masonry Ltd for the year ended 31 July 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Cardiff Stone Masonry Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Cardiff Stone Masonry Ltd and state those matters that we have agreed to state to the Board of Directors of Cardiff Stone Masonry Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cardiff Stone Masonry Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Cardiff Stone Masonry Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cardiff Stone Masonry Ltd. You consider that Cardiff Stone Masonry Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Cardiff Stone Masonry Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


1 February 2024

Cardiff Stone Masonry Ltd (Registered number: 09705663)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,023 9,404

CURRENT ASSETS
Debtors 4 - 3,567
Cash at bank 4,615 1,515
4,615 5,082
CREDITORS
Amounts falling due within one
year

5

8,247

11,251
NET CURRENT LIABILITIES (3,632 ) (6,169 )
TOTAL ASSETS LESS
CURRENT LIABILITIES

1,391

3,235

CREDITORS
Amounts falling due after more
than one year

6

-

3,142
NET ASSETS 1,391 93

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,389 91
1,391 93

Cardiff Stone Masonry Ltd (Registered number: 09705663)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:





G M Grant - Director


Cardiff Stone Masonry Ltd (Registered number: 09705663)

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


1. 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 represents the invoiced value of sales of services provided in respect of stone cleaning and restoration.

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 - 20% straight line
Motor vehicles - 25% reducing balance

Deferred tax
Full provision is made for deferred taxation resulting from material timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Pension costs
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cardiff Stone Masonry Ltd (Registered number: 09705663)

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


3. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 1,700 27,589 29,289
Disposals - (7,000 ) (7,000 )
At 31 July 2023 1,700 20,589 22,289
DEPRECIATION
At 1 August 2022 1,700 18,185 19,885
Charge for year - 2,012 2,012
Eliminated on disposal - (4,631 ) (4,631 )
At 31 July 2023 1,700 15,566 17,266
NET BOOK VALUE
At 31 July 2023 - 5,023 5,023
At 31 July 2022 - 9,404 9,404

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Other debtors & prepayments - 3,567

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,221 4,852
Taxes & social security costs 4,423 4,954
Other creditors & accruals 1,603 1,445
8,247 11,251

6. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 3,142

Cardiff Stone Masonry Ltd (Registered number: 09705663)

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


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
G M Grant
Balance outstanding at start of year 1,671 -
Amounts advanced - 1,671
Amounts repaid (1,671 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,671

C P M Portelli
Balance outstanding at start of year 1,895 -
Amounts advanced - 1,895
Amounts repaid (1,895 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,895