Silverfin false 31/03/2023 01/04/2022 31/03/2023 Aurel Nushi 01/11/2021 Rebecca Fay Nushi 27/01/2020 22 December 2023 R6 STONE LTD's main activity is Cutting, shaping and finishing of stone 12426495 2023-03-31 12426495 bus:Director1 2023-03-31 12426495 bus:Director2 2023-03-31 12426495 2022-03-31 12426495 core:CurrentFinancialInstruments 2023-03-31 12426495 core:CurrentFinancialInstruments 2022-03-31 12426495 core:Non-currentFinancialInstruments 2023-03-31 12426495 core:Non-currentFinancialInstruments 2022-03-31 12426495 core:ShareCapital 2023-03-31 12426495 core:ShareCapital 2022-03-31 12426495 core:RetainedEarningsAccumulatedLosses 2023-03-31 12426495 core:RetainedEarningsAccumulatedLosses 2022-03-31 12426495 core:OtherPropertyPlantEquipment 2022-03-31 12426495 core:OtherPropertyPlantEquipment 2023-03-31 12426495 bus:OrdinaryShareClass1 2023-03-31 12426495 2022-04-01 2023-03-31 12426495 bus:FullAccounts 2022-04-01 2023-03-31 12426495 bus:SmallEntities 2022-04-01 2023-03-31 12426495 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 12426495 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12426495 bus:Director1 2022-04-01 2023-03-31 12426495 bus:Director2 2022-04-01 2023-03-31 12426495 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 12426495 2021-04-01 2022-03-31 12426495 core:OtherPropertyPlantEquipment 1 2022-04-01 2023-03-31 12426495 1 2022-04-01 2023-03-31 12426495 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 12426495 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 12426495 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12426495 (England and Wales)

R6 STONE LTD

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

R6 STONE LTD

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

R6 STONE LTD

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
R6 STONE LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 21,070 27,883
21,070 27,883
Current assets
Debtors 4 73,122 63,117
Cash at bank and in hand 6,134 37,711
79,256 100,828
Creditors: amounts falling due within one year 5 ( 30,843) ( 40,031)
Net current assets 48,413 60,797
Total assets less current liabilities 69,483 88,680
Creditors: amounts falling due after more than one year 6 ( 46,235) ( 59,248)
Provision for liabilities 7 ( 4,003) ( 5,298)
Net assets 19,245 24,134
Capital and reserves
Called-up share capital 8 1 1
Profit and loss account 19,244 24,133
Total shareholders' funds 19,245 24,134

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of R6 Stone Ltd (registered number: 12426495) were approved and authorised for issue by the Director. They were signed on its behalf by:

Aurel Nushi
Director
Rebecca Fay Nushi
Director

22 December 2023

R6 STONE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
R6 STONE LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

R6 Stone Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Milton Drive, Borehamwood, WD6 2BB, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2022 29,227 29,227
Additions 191 191
At 31 March 2023 29,418 29,418
Accumulated depreciation
At 01 April 2022 1,344 1,344
Charge for the financial year 7,007 7,007
Rounding ( 3) ( 3)
At 31 March 2023 8,348 8,348
Net book value
At 31 March 2023 21,070 21,070
At 31 March 2022 27,883 27,883

4. Debtors

2023 2022
£ £
Trade debtors 20,419 47,793
Other debtors 52,703 15,324
73,122 63,117

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank overdrafts 13,013 12,358
Trade creditors 2,177 6,994
Taxation and social security 8,904 20,562
Other creditors 6,749 117
30,843 40,031

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 46,235 59,248

There are no amounts included above in respect of which any security has been given by the entity.

7. Provision for liabilities

2023 2022
£ £
Deferred tax 4,003 5,298

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1