Registered number
13486856
Established Stone Limited
Filleted Accounts
31 July 2023
Established Stone Limited
Registered number: 13486856
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,332 3,549
Current assets
Debtors 4 25,914 19,557
Cash at bank and in hand 21,680 9,256
47,594 28,813
Creditors: amounts falling due within one year 5 (19,970) (15,151)
Net current assets 27,624 13,662
Total assets less current liabilities 36,956 17,211
Creditors: amounts falling due after more than one year 6 (7,880) (5,499)
Net assets 29,076 11,712
Capital and reserves
Called up share capital 100 100
Profit and loss account 28,976 11,612
Shareholders' funds 29,076 11,712
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.
Mat Millen
Director
Approved by the board on 19 January 2024
Established Stone Limited
Notes to the Accounts
for the year ended 31 July 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 (as applied to small entities by section 1A of the standard).
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Motor vehicles over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 August 2022 3,650
Additions 7,000
At 31 July 2023 10,650
Depreciation
At 1 August 2022 101
Charge for the year 1,217
At 31 July 2023 1,318
Net book value
At 31 July 2023 9,332
At 31 July 2022 3,549
4 Debtors 2023 2022
£ £
Trade debtors 9,898 8,000
Other debtors 16,016 11,557
25,914 19,557
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 18,262 13,623
Other creditors 1,708 1,528
19,970 15,151
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 7,880 5,499
7 Other information
Established Stone Limited is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
38 High Street
Hurstpierpoint
West Sussex
BN6 9RG
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