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COMPANY REGISTRATION NUMBER: 01340276
STONACO FABRICATIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 July 2023
STONACO FABRICATIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Stocks
31,000
30,000
Debtors
5
385,194
282,366
Cash at bank and in hand
88,693
156,705
----------
----------
504,887
469,071
CREDITORS: amounts falling due within one year
6
157,286
188,781
----------
----------
NET CURRENT ASSETS
347,601
280,290
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
347,601
280,290
CREDITORS: amounts falling due after more than one year
7
20,000
30,000
----------
----------
NET ASSETS
327,601
250,290
----------
----------
CAPITAL AND RESERVES
Called up share capital
1,000
1,000
Profit and loss account
326,601
249,290
----------
----------
SHAREHOLDERS FUNDS
327,601
250,290
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
STONACO FABRICATIONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 24 April 2024 , and are signed on behalf of the board by:
A Orrill
E Ransley
Director
Director
Company registration number: 01340276
STONACO FABRICATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 High Street, St Lawrence, Ramsgate, Kent, CT11 0QL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 10 (2022: 10 ).
5. DEBTORS
2023
2022
£
£
Trade debtors
385,194
268,667
Other debtors
13,699
----------
----------
385,194
282,366
----------
----------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
106,515
129,434
Corporation tax
20,687
16,724
Social security and other taxes
13,481
10,932
Other creditors
6,603
21,691
----------
----------
157,286
188,781
----------
----------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
20,000
30,000
---------
---------
8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Orrill
( 16,690)
15,087
( 1,603)
---------
---------
-------
2022
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
A Orrill
( 8,691)
( 8,000)
(16,691)
-------
-------
---------
9. RELATED PARTY TRANSACTIONS
The company was under the control of Mr P Orrill who owns 50% of the issued share capital. Mr P Orrill, Mr A Orrill and Mr E Ransley are partners in AA Sheet Metal who occupy the same premises as the Company. The AA Sheet Metal partnership contributed to the establishment costs of the Company on normal commercial terms. No amounts were outstanding at the year end. A Orrill is the Freehold owner of the property from which the Company operates.