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REGISTERED NUMBER: 07737649 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Stonewood Sw Ltd

Stonewood Sw Ltd (Registered number: 07737649)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Stonewood Sw Ltd (Registered number: 07737649)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,339 24,350

CURRENT ASSETS
Stocks 16,139 14,436
Debtors 5 106,857 1,852
Cash at bank 154,196 236,654
277,192 252,942
CREDITORS
Amounts falling due within one year 6 216,163 199,756
NET CURRENT ASSETS 61,029 53,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,368

77,536

CREDITORS
Amounts falling due after more than one year 7 49,500 76,500
NET ASSETS 32,868 1,036

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 32,864 1,032
SHAREHOLDERS' FUNDS 32,868 1,036

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

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

Stonewood Sw Ltd (Registered number: 07737649)

Statement of Financial Position - continued
30 September 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




P M Canham - Director Mrs R J Canham - Director




J M Ash - Director


Stonewood Sw Ltd (Registered number: 07737649)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Stonewood Sw Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07737649

Registered office: 83 Blackwood Road
Streetly
Sutton Coldfield
West Midlands
B74 3PW

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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Work in progress
Work in progress represents the development costs including direct materials and direct labour costs and those overheads which have been incurred in bringing ongoing projects to their present condition.

Provision is made where the net realisable value is expected to be less than cost.

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 statement of financial position date.

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.

Stonewood Sw Ltd (Registered number: 07737649)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 56,765
Additions 2,470
At 30 September 2023 59,235
DEPRECIATION
At 1 October 2022 32,415
Charge for year 5,481
At 30 September 2023 37,896
NET BOOK VALUE
At 30 September 2023 21,339
At 30 September 2022 24,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 11,852 -
Amounts owed by group undertakings 89,338 -
Other debtors 5,667 1,852
106,857 1,852

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 27,000 27,000
Trade creditors 16,123 17,664
Taxation and social security 30,070 16,404
Other creditors 142,970 138,688
216,163 199,756

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 49,500 76,500