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Registered number: 14456474

Stoneford (U.K.) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023

Prepared By:
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Stoneford (U.K.) Limited

ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
DIRECTORS
B Allen
G Allen
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14456474
ACCOUNTANTS
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Stoneford (U.K.) Limited

ACCOUNTS
FOR THEYEARENDED30/11/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Stoneford (U.K.) Limited

BALANCE SHEET AT 30/11/2023
2023
Notes£
FIXED ASSETS
Tangible assets3562
CURRENT ASSETS
Debtors49,210
Cash at bank and in hand817
10,027
CREDITORS: Amounts falling due within one year59,980
NET CURRENT ASSETS47
TOTAL ASSETS LESS CURRENT LIABILITIES609
CAPITAL AND RESERVES
Called up share capital6101
Profit and loss account508
SHAREHOLDERS' FUNDS609
For the year ending 30/11/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11/03/2024 and signed on their behalf by
.............................
B Allen
Director

Stoneford (U.K.) Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/11/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance25%
1c. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. EMPLOYEES
2023
No.No.
Average number of employees1

Stoneford (U.K.) Limited

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
Additions749749
At 30/11/2023749749
Depreciation
For the year187187
At 30/11/2023187187
Net Book Amounts
At 30/11/2023562562
4. DEBTORS 2023
£
Amounts falling due within one year
Trade debtors8,580
Other debtors630
9,210
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
UK corporation tax479
VAT3,997
Directors current account5,166
Accruals338
9,980

Stoneford (U.K.) Limited

6. SHARE CAPITAL 2023
£
Allotted, issued and fully paid:
1 Ordinary shares of £1 each1
100 Ordinary A shares of £1 each100
101
New shares issued during period:
1 Ordinary shares of £1 each1
100 Ordinary A shares of £1 each100
101
7. RELATED PARTY TRANSACTIONS
During the year company was loaned £630 from Stoneford Services Ltd, a related party by virtue of common control. The full amount was outstanding at the balance sheet date and is repayable on demand.
Sponsorship includes an amount of £30,000 paid to Team Hard Racing Ltd, a company in which the director's sister is a director. The transaction was on normal business terms and rates and was therefore on an arms length basis.