Company Registration No. 09615980 (England and Wales)
Stone Cold Classics Ltd
Unaudited accounts
for the year ended 30 June 2023
Stone Cold Classics Ltd
Unaudited accounts
Contents
Stone Cold Classics Ltd
Company Information
for the year ended 30 June 2023
Company Number
09615980 (England and Wales)
Registered Office
The Narrow Yard, Appletree Road
Chipping Warden
Banbury
Oxfordshire
OX17 1LW
England
Accountants
Beacon Tax Solutions Ltd
20 Knavewood Road
Kemsing
Sevenoaks
Kent
TN15 6RH
Stone Cold Classics Ltd
Accountants' report
Accountants' report to the director of Stone Cold Classics Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Stone Cold Classics Ltd for the year ended
30 June 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Stone Cold Classics Ltd, as a body, in accordance with the terms of our engagement letter dated 14 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of Stone Cold Classics Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stone Cold Classics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Stone Cold Classics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Stone Cold Classics Ltd. You consider that Stone Cold Classics 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 accounts of Stone Cold Classics 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 accounts.
Beacon Tax Solutions Ltd
20 Knavewood Road
Kemsing
Sevenoaks
Kent
TN15 6RH
19 February 2024
Stone Cold Classics Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
4,393
3,230
Cash at bank and in hand
15,589
104,846
Creditors: amounts falling due within one year
(57,607)
(150,122)
Net current (liabilities)/assets
(15,012)
3,640
Total assets less current liabilities
(10,619)
6,870
Creditors: amounts falling due after more than one year
(37,047)
(43,344)
Net liabilities
(47,666)
(36,474)
Called up share capital
100
100
Profit and loss account
(47,766)
(36,574)
Shareholders' funds
(47,666)
(36,474)
For the year ending 30 June 2023 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 19 February 2024 and were signed on its behalf by
Wayne Lamport
Director
Company Registration No. 09615980
Stone Cold Classics Ltd
Notes to the Accounts
for the year ended 30 June 2023
Stone Cold Classics Ltd is a private company, limited by shares, registered in England and Wales, registration number 09615980. The registered office and principal place of business is The Narrow Yard, Appletree Road, Chipping Warden, Banbury, Oxfordshire, OX17 1LW, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight line on cost
Motor vehicles
25% Reducing balance on cost
Fixtures & fittings
33% Straight line on cost
Computer equipment
25% Reducing balance on cost
4
Tangible fixed assets
Total
5
Capital commitments
2023
2022
The company took out a bounce back loan with Santander in June 2020 repayable over 5 years (subsequently extended) at a 2.5% interest rate. the outstanding balance at 30th June 2023 is £37,047.
Stone Cold Classics Ltd
Notes to the Accounts
for the year ended 30 June 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loans
(68,441)
(9,327)
(25,014)
(52,754)
(68,441)
(9,327)
(25,014)
(52,754)
Loans to Directors are interest free and repayable on demand.
Wayne Lamport owns 100% of the share capital and is the ultimate controlling party.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).