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REGISTERED NUMBER: 11003708 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

L. K Stone Ltd

L. K Stone Ltd (Registered number: 11003708)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


L. K Stone Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Ms L B Kiertucka





REGISTERED OFFICE: 110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY





REGISTERED NUMBER: 11003708 (England and Wales)





ACCOUNTANTS: MohanRed & Co
110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY

L. K Stone Ltd (Registered number: 11003708)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,854 26,845

CURRENT ASSETS
Stocks 46,690 55,240
Debtors 5 20,225 20,225
Cash at bank 7,294 31,427
74,209 106,892
CREDITORS
Amounts falling due within one year 6 283,585 308,415
NET CURRENT LIABILITIES (209,376 ) (201,523 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(188,522

)

(174,678

)

CREDITORS
Amounts falling due after more than one
year

7

25,836

25,833
NET LIABILITIES (214,358 ) (200,511 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 (214,359 ) (200,512 )
(214,358 ) (200,511 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

L. K Stone Ltd (Registered number: 11003708)

Balance Sheet - continued
31 October 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 director and authorised for issue on 29 July 2024 and were signed by:





Ms L B Kiertucka - Director


L. K Stone Ltd (Registered number: 11003708)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

L. K Stone Ltd 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


L. K Stone Ltd (Registered number: 11003708)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 56,140
Additions 960
At 31 October 2023 57,100
DEPRECIATION
At 1 November 2022 29,295
Charge for year 6,951
At 31 October 2023 36,246
NET BOOK VALUE
At 31 October 2023 20,854
At 31 October 2022 26,845

L. K Stone Ltd (Registered number: 11003708)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 20,225 20,225

Other debtors amounts includes rent deposits and rent in advance.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,979 10,000
Other loans 859 7,023
Hire purchase contracts 4,040 16,510
Trade creditors 14,891 43,147
Social security and other taxes 33,165 97,161
VAT 36,183 38,504
Net subcontractor 220 -
Net wages 1,682 -
Directors' current accounts 173,376 83,380
Accrued expenses 9,190 12,690
283,585 308,415

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bounce bank loans - 1-2 years 10,000 10,000
Bounce back loans 2-5 years 5,833 15,833
Hire purchase contracts 10,003 -
25,836 25,833

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 10,003 -

L. K Stone Ltd (Registered number: 11003708)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RESERVES
Retained
earnings
£   

At 1 November 2022 (200,512 )
Deficit for the year (13,847 )
At 31 October 2023 (214,359 )