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REGISTERED NUMBER: 06380257 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Stones Accountancy (Sussex) Limited

Stones Accountancy (Sussex) Limited (Registered number: 06380257)






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


Stones Accountancy (Sussex) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: N Stone





SECRETARY: N Stone





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 06380257 (England and Wales)






Stones Accountancy (Sussex) Limited (Registered number: 06380257)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,000 13,333
Tangible assets 5 33,937 24,087
43,937 37,420

CURRENT ASSETS
Debtors 6 50,375 52,440
Cash at bank and in hand 20,162 27,046
70,537 79,486
CREDITORS
Amounts falling due within one year 7 74,502 71,929
NET CURRENT (LIABILITIES)/ASSETS (3,965 ) 7,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,972

44,977

CREDITORS
Amounts falling due after more than
one year

8

(22,489

)

(30,582

)

PROVISIONS FOR LIABILITIES (714 ) (892 )
NET ASSETS 16,769 13,503

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 16,269 13,003
SHAREHOLDERS' FUNDS 16,769 13,503

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 his 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.

Stones Accountancy (Sussex) Limited (Registered number: 06380257)

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 14 July 2024 and were signed by:





N Stone - Director


Stones Accountancy (Sussex) Limited (Registered number: 06380257)

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

1. STATUTORY INFORMATION

Stones Accountancy (Sussex) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% 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.


Stones Accountancy (Sussex) Limited (Registered number: 06380257)

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022 46,667
Charge for year 3,333
At 31 October 2023 50,000
NET BOOK VALUE
At 31 October 2023 10,000
At 31 October 2022 13,333

Stones Accountancy (Sussex) Limited (Registered number: 06380257)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2022 39,939 26,004 65,943
Additions 4,163 11,058 15,221
At 31 October 2023 44,102 37,062 81,164
DEPRECIATION
At 1 November 2022 24,185 17,671 41,856
Charge for year 3,498 1,873 5,371
At 31 October 2023 27,683 19,544 47,227
NET BOOK VALUE
At 31 October 2023 16,419 17,518 33,937
At 31 October 2022 15,754 8,333 24,087

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 50,375 52,440

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 16,210 12,199
Payments on account (1,560 ) (86 )
Trade creditors 7,114 1,197
Tax 8,466 15,267
Social security and other taxes 3,111 3,185
VAT 27,727 26,185
Directors' loan accounts 13,434 13,982
74,502 71,929

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans - 2-5 years 22,489 30,582

Stones Accountancy (Sussex) Limited (Registered number: 06380257)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors loan account showed on the balance sheet was owed to the directors of the company. No interest was charged. The loan is repayable on demand.

The Director of the company is also the landlord of the business premises. A rent is paid to the director for the use of the premises at a fair market rate.

10. ULTIMATE CONTROLLING PARTY

The controlling party is N Stone.