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REGISTERED NUMBER: 12860457 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th September 2023

for

Stones Wealth Limited

Stones Wealth Limited (Registered number: 12860457)






Contents of the Financial Statements
for the year ended 30th September 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Stones Wealth Limited

Company Information
for the year ended 30th September 2023







DIRECTORS: Mrs M M Stones
O Stones





REGISTERED OFFICE: 40 Market Place
Driffield
East Yorkshire
YO25 6AN





REGISTERED NUMBER: 12860457 (England and Wales)





ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX

Stones Wealth Limited (Registered number: 12860457)

Abridged Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 965,361 886,296
Tangible assets 5 86,629 81,642
1,051,990 967,938

CURRENT ASSETS
Debtors 12,585 51,167
Cash at bank 2,251 29,145
14,836 80,312
CREDITORS
Amounts falling due within one year 187,708 141,816
NET CURRENT LIABILITIES (172,872 ) (61,504 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

879,118

906,434

CREDITORS
Amounts falling due after more than one year (495,284 ) (526,904 )

PROVISIONS FOR LIABILITIES (11,162 ) (11,021 )
NET ASSETS 372,672 368,509

CAPITAL AND RESERVES
Called up share capital 261,826 261,826
Retained earnings 110,846 106,683
372,672 368,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Stones Wealth Limited (Registered number: 12860457)

Abridged Balance Sheet - continued
30th September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th April 2024 and were signed on its behalf by:





Mrs M M Stones - Director


Stones Wealth Limited (Registered number: 12860457)

Notes to the Financial Statements
for the year ended 30th September 2023

1. STATUTORY INFORMATION

Stones Wealth Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 16.67% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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.

Stones Wealth Limited (Registered number: 12860457)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill relates to the acquisition of the business of Marta Stones in 2021and subsequent fee block purchases. The directors do not consider that amortisation is appropriate and are of the opinion that the asset has not suffered any diminution in value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2022 886,296
Additions 79,065
At 30th September 2023 965,361
NET BOOK VALUE

At 30th September 2023 965,361
At 30th September 2022 886,296

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2022 93,034
Additions 26,033
At 30th September 2023 119,067
DEPRECIATION
At 1st October 2022 11,392
Charge for year 21,046
At 30th September 2023 32,438
NET BOOK VALUE
At 30th September 2023 86,629
At 30th September 2022 81,642

Stones Wealth Limited (Registered number: 12860457)

Notes to the Financial Statements - continued
for the year ended 30th September 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2023 and 30th September 2022:

2023 2022
£    £   
Mrs M M Stones and O Stones
Balance outstanding at start of year 24,537 28,491
Amounts advanced - 66,046
Amounts repaid (102,791 ) (70,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (78,254 ) 24,537

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Stones Wealth Limited

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 Stones Wealth Limited for the year ended 30th September 2023 which comprise the Income Statement, Other Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity 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 Stones Wealth Limited, 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 Stones Wealth Limited and state those matters that we have agreed to state to the Board of Directors of Stones Wealth Limited, 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 Stones Wealth Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Stones Wealth Limited 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 Stones Wealth Limited. You consider that Stones Wealth Limited 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 Stones Wealth Limited. 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.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


15th April 2024