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Company Registration No. 08999039 (England and Wales)
Faith Stones Ltd Unaudited accounts for the year ended 30 April 2023
Faith Stones Ltd Unaudited accounts Contents
Page
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Faith Stones Ltd Company Information for the year ended 30 April 2023
Director
Mohammed Mulla
Company Number
08999039 (England and Wales)
Registered Office
4 Linefield Road Batley West Yorkshire WF17 0ES
Accountants
Axiom Accountants Ltd 42-44 Adelaide Street Bradford West Yorkshire BD5 0EA
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Faith Stones Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,503 
3,809 
Current assets
Inventories
15,750 
14,950 
Debtors
3,431 
565 
Cash at bank and in hand
2,850 
3,228 
22,031 
18,743 
Creditors: amounts falling due within one year
(39,496)
(19,931)
Net current liabilities
(17,465)
(1,188)
Total assets less current liabilities
(2,962)
2,621 
Creditors: amounts falling due after more than one year
(16,911)
(10,355)
Net liabilities
(19,873)
(7,734)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(19,874)
(7,735)
Shareholders' funds
(19,873)
(7,734)
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 March 2024 and were signed on its behalf by
Mohammed Mulla Director Company Registration No. 08999039
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Faith Stones Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Faith Stones Ltd is a private company, limited by shares, registered in England and Wales, registration number 08999039. The registered office is 4 Linefield Road, Batley, West Yorkshire, WF17 0ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2022
1,860 
4,583 
6,443 
Additions
- 
15,900 
15,900 
At 30 April 2023
1,860 
20,483 
22,343 
Depreciation
At 1 May 2022
1,488 
1,146 
2,634 
Charge for the year
372 
4,834 
5,206 
At 30 April 2023
1,860 
5,980 
7,840 
Net book value
At 30 April 2023
- 
14,503 
14,503 
At 30 April 2022
372 
3,437 
3,809 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
3,431 
565 
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Faith Stones Ltd Notes to the Accounts for the year ended 30 April 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,182 
- 
Other creditors
8,623 
- 
Loans from directors
22,941 
14,681 
Accruals
6,750 
5,250 
39,496 
19,931 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
6,071 
10,355 
Obligations under finance leases and hire purchase contracts
10,840 
- 
16,911 
10,355 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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