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REGISTERED NUMBER: 09851974 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

STONE AND CERAMIC SOLUTIONS LIMITED

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONE AND CERAMIC SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr M R Smith
Mr W Traynor





REGISTERED OFFICE: Orion House
28a Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ





REGISTERED NUMBER: 09851974 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 977 1,705

CURRENT ASSETS
Debtors 5 39,604 138,349
Cash at bank 15,375 56,858
54,979 195,207
CREDITORS
Amounts falling due within one year 6 33,385 108,714
NET CURRENT ASSETS 21,594 86,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,571

88,198

CREDITORS
Amounts falling due after more than one
year

7

(22,164

)

(46,594

)

PROVISIONS FOR LIABILITIES 10 - (324 )
NET ASSETS 407 41,280

CAPITAL AND RESERVES
Called up share capital 11 150 150
Retained earnings 12 257 41,130
SHAREHOLDERS' FUNDS 407 41,280

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

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

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

BALANCE SHEET - continued
30 NOVEMBER 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:





Mr M R Smith - Director


STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Stone and Ceramic Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022 2,627 2,145 4,772
Additions - 292 292
Disposals (625 ) (2,145 ) (2,770 )
At 30 November 2023 2,002 292 2,294
DEPRECIATION
At 1 December 2022 1,372 1,695 3,067
Charge for year 135 73 208
Eliminated on disposal (263 ) (1,695 ) (1,958 )
At 30 November 2023 1,244 73 1,317
NET BOOK VALUE
At 30 November 2023 758 219 977
At 30 November 2022 1,255 450 1,705

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 17,273 123,495
Other debtors - 1,633
Directors' current accounts 9,622 -
Tax 12,410 3,387
VAT 62 8,541
Prepayments and accrued income 237 1,293
39,604 138,349

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 24,430 24,430
Trade creditors 1,581 37,081
Corporation tax - 18,898
Social security and other taxes 3,129 1,997
Directors' current accounts 3,228 25,659
Accruals and deferred income 1,017 649
33,385 108,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 22,164 24,430
Bank loans - 2-5 years - 22,164
22,164 46,594

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year - 11,980

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 46,594 71,024

10. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax - 324

Deferred
tax
£   
Balance at 1 December 2022 324
Accelerated capital allowances
Tax losses (324 )
Balance at 30 November 2023 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
150 Ordinary £1 150 150

12. RESERVES
Retained
earnings
£   

At 1 December 2022 41,130
Deficit for the year (38,873 )
Dividends (2,000 )
At 30 November 2023 257

STONE AND CERAMIC SOLUTIONS LIMITED (REGISTERED NUMBER: 09851974)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Mr M R Smith
Balance outstanding at start of year - 10,422
Amounts advanced 9,622 -
Amounts repaid - (10,422 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,622 -

The above loan was repaid within nine months of the year end.

During the year the directors charged the company £312 (2022 - £312) for use of homes as offices.

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £46,000) were paid to the directors .

At 30 November 2023 there were the following balances owed to and by the company to the directors:-

2023 2022
£ £

Mr Mark Smith (9,622 ) 223
Mr Wilson Traynor 3,228 25,061
Mr Matthew Smith NIL 374
(6,394 ) 25,658

These balances have been shown in Debtors and Creditors.