STONES TRADERS LIMITED
Registered number: 03931687
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,765 11,765
Current assets
Stocks 265,000 221,000
Debtors 4 45,735 17,549
Cash at bank and in hand 192,359 205,332
503,094 443,881
Creditors: amounts falling due within one year 5 (395,956) (339,980)
Net current assets 107,138 103,901
Total assets less current liabilities 118,903 115,666
Creditors: amounts falling due after more than one year 6 (42,865) (54,435)
Net assets 76,038 61,231
Capital and reserves
Called up share capital 100 100
Share premium 35,000 35,000
Profit and loss account 40,938 26,131
Shareholders' funds 76,038 61,231
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MR.S.YILDIZ
Director
Approved by the board on 8 April 2024
STONES TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years 20% reducing bal
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2022 11,458 18,828 30,286
At 30 April 2023 11,458 18,828 30,286
Depreciation
At 1 May 2022 - 18,521 18,521
At 30 April 2023 - 18,521 18,521
Net book value
At 30 April 2023 11,458 307 11,765
At 30 April 2022 11,458 307 11,765
4 Debtors 2023 2022
£ £
Prepaid charges 27,000 -
Other debtors 18,735 17,549
45,735 17,549
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,670 10,643
Trade creditors 345,465 296,962
Corporation tax 17,140 7,661
Other taxes and social security costs 22,681 20,945
Other creditors - 3,769
395,956 339,980
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 42,865 46,053
Other creditors - 8,382
42,865 54,435
7 Other information
STONES TRADERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
47 Tottenham Court Road
London
England
W1T 2EE
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