IRIS Accounts Production v24.2.0.383 08352861 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083528612022-12-31083528612023-12-31083528612023-01-012023-12-31083528612021-12-31083528612022-01-012022-12-31083528612022-12-3108352861ns15:EnglandWales2023-01-012023-12-3108352861ns14:PoundSterling2023-01-012023-12-3108352861ns10:Director12023-01-012023-12-3108352861ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108352861ns10:SmallEntities2023-01-012023-12-3108352861ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108352861ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108352861ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108352861ns10:FullAccounts2023-01-012023-12-3108352861ns10:RegisteredOffice2023-01-012023-12-3108352861ns5:CurrentFinancialInstruments2023-12-3108352861ns5:CurrentFinancialInstruments2022-12-3108352861ns5:Non-currentFinancialInstruments2023-12-3108352861ns5:Non-currentFinancialInstruments2022-12-3108352861ns5:ShareCapital2023-12-3108352861ns5:ShareCapital2022-12-3108352861ns5:RetainedEarningsAccumulatedLosses2023-12-3108352861ns5:RetainedEarningsAccumulatedLosses2022-12-3108352861ns5:PlantMachinery2023-01-012023-12-3108352861ns5:MotorVehicles2023-01-012023-12-3108352861ns5:ComputerEquipment2023-01-012023-12-3108352861ns5:PlantMachinery2022-12-3108352861ns5:MotorVehicles2022-12-3108352861ns5:ComputerEquipment2022-12-3108352861ns5:PlantMachinery2023-12-3108352861ns5:MotorVehicles2023-12-3108352861ns5:ComputerEquipment2023-12-3108352861ns5:PlantMachinery2022-12-3108352861ns5:MotorVehicles2022-12-3108352861ns5:ComputerEquipment2022-12-3108352861ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108352861ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3108352861ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3108352861ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108352861ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108352861ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108352861ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3108352861ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-31
REGISTERED NUMBER: 08352861 (England and Wales)












Classic Stone Driveways Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Classic Stone Driveways Limited (Registered number: 08352861)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Classic Stone Driveways Limited

Company Information
for the Year Ended 31 December 2023







Director: W Gee





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 08352861 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Classic Stone Driveways Limited (Registered number: 08352861)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,582 16,626

Current assets
Stocks 2,700 7,500
Debtors 5 2,818 21,505
Cash at bank and in hand 130,354 161,186
135,872 190,191
Creditors
Amounts falling due within one year 6 130,609 138,351
Net current assets 5,263 51,840
Total assets less current liabilities 16,845 68,466

Creditors
Amounts falling due after more than one
year

7

(10,742

)

(20,054

)

Provisions for liabilities (2,333 ) (3,159 )
Net assets 3,770 45,253

Classic Stone Driveways Limited (Registered number: 08352861)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Capital and reserves
Called up share capital 4 4
Retained earnings 3,766 45,249
Shareholders' funds 3,770 45,253

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 9 August 2024 and were signed by:





W Gee - Director


Classic Stone Driveways Limited (Registered number: 08352861)

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

1. Statutory information

Classic Stone Driveways 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 value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 50% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Classic Stone Driveways Limited (Registered number: 08352861)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 7 (2022 - 9 ) .

Classic Stone Driveways Limited (Registered number: 08352861)

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

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 January 2023
and 31 December 2023 2,796 39,362 316 42,474
Depreciation
At 1 January 2023 1,612 23,920 316 25,848
Charge for year 1,184 3,860 - 5,044
At 31 December 2023 2,796 27,780 316 30,892
Net book value
At 31 December 2023 - 11,582 - 11,582
At 31 December 2022 1,184 15,442 - 16,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 January 2023
and 31 December 2023 18,300
Depreciation
At 1 January 2023 10,579
Charge for year 1,930
At 31 December 2023 12,509
Net book value
At 31 December 2023 5,791
At 31 December 2022 7,721

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Directors' current accounts - 17,887
Prepayments 2,818 3,618
2,818 21,505

Classic Stone Driveways Limited (Registered number: 08352861)

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

6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 6,184 6,512
Hire purchase contracts 3,640 3,640
Trade creditors 19,575 47,000
Corporation tax 12,608 21,477
Social security and other taxes 177 183
VAT 2,347 18,279
Other creditors 810 1,828
Company Credit Cards 30,103 36,416
Directors' current accounts 224 -
Deferred income 49,740 -
Accrued expenses 5,201 3,016
130,609 138,351

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 8,315 13,987
Hire purchase contracts 2,427 6,067
10,742 20,054