STONE PRODUCTS (UK) LIMITED

Company Registration Number:
02777943 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

STONE PRODUCTS (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Balance sheet
Notes

STONE PRODUCTS (UK) LIMITED

Balance sheet

As at 30 June 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 35,132 42,679
Total fixed assets: 35,132 42,679
Current assets
Stocks: 10,250 18,512
Debtors:   73,896 85,803
Cash at bank and in hand: 118,335 124,813
Total current assets: 202,481 229,128
Creditors: amounts falling due within one year: 4 (89,846) (91,207)
Net current assets (liabilities): 112,635 137,921
Total assets less current liabilities: 147,767 180,600
Creditors: amounts falling due after more than one year: 5 (19,161) (29,158)
Provision for liabilities: (575) (575)
Total net assets (liabilities): 128,031 150,867
Capital and reserves
Called up share capital: 10,100 10,100
Other reserves: 10,000 10,000
Profit and loss account: 107,931 130,767
Shareholders funds: 128,031 150,867

The notes form part of these financial statements

STONE PRODUCTS (UK) LIMITED

Balance sheet statements

For the year ending 30 June 2023 the company was entitled to exemption 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 directors acknowledge their 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 February 2024
and signed on behalf of the board by:

Name: Mr A P Cantwell
Status: Director

The notes form part of these financial statements

STONE PRODUCTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets and depreciation policy

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Leasehold land and buildings - over lease termPlant and machinery - 5% per annum on costFixtures and fittings - 20% per annum on costMotor vehicles - 25% per annum on cost

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

STONE PRODUCTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

2. Employees

2023 2022
Average number of employees during the period 5 5

STONE PRODUCTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

3. Tangible Assets

Total
Cost £
At 01 July 2022 159,603
At 30 June 2023 159,603
Depreciation
At 01 July 2022 116,924
Charge for year 7,547
At 30 June 2023 124,471
Net book value
At 30 June 2023 35,132
At 30 June 2022 42,679

STONE PRODUCTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Creditors: amounts falling due within one year note

Bank loans and overdrafts £10,000 (2022: £10,000)Trade creditors £52,380 (2022: £18,520)Taxation and social security £22,002 (2022: £38,025)Other creditors £5,464 (2022: £24,662)

STONE PRODUCTS (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £19,161 (2022: £29,158)