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REGISTERED NUMBER: 07683088















Unaudited Financial Statements

for the Period 1 July 2023 to 30 January 2024

for

STONES DISTRIBUTION LTD

STONES DISTRIBUTION LTD (Registered number: 07683088)

Contents of the Financial Statements
for the Period 1 July 2023 to 30 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONES DISTRIBUTION LTD

Company Information
for the Period 1 July 2023 to 30 January 2024







DIRECTORS: Miss T A Penstone
T M Penstone
S Penstone
M R Penstone





REGISTERED OFFICE: Unit 1
527 Green Lane
Ilford
Essex
IG3 9RH





REGISTERED NUMBER: 07683088





ACCOUNTANTS: S&K Associates Ltd T/A Shoaibi and Co
Chartered Certified Accountants
Unit1
527 Green Lane
Ilford
IG3 9RH

STONES DISTRIBUTION LTD (Registered number: 07683088)

Balance Sheet
30 January 2024

30.1.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 700,530 751,623

CURRENT ASSETS
Stocks 17,500 18,500
Debtors 5 741,603 655,641
Cash at bank and in hand 36,709 136,119
795,812 810,260
CREDITORS
Amounts falling due within one year 6 391,937 1,562,769
NET CURRENT ASSETS/(LIABILITIES) 403,875 (752,509 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,104,405

(886

)

CREDITORS
Amounts falling due after more than one
year

7

1,710,377

415,626
NET LIABILITIES (605,972 ) (416,512 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (606,072 ) (416,612 )
SHAREHOLDERS' FUNDS (605,972 ) (416,512 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 2024 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.

STONES DISTRIBUTION LTD (Registered number: 07683088)

Balance Sheet - continued
30 January 2024


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 13 August 2024 and were signed on its behalf by:





S Penstone - Director


STONES DISTRIBUTION LTD (Registered number: 07683088)

Notes to the Financial Statements
for the Period 1 July 2023 to 30 January 2024


1. STATUTORY INFORMATION

STONES DISTRIBUTION LTD is a private company, limited by shares , registered in Not specified/Other. 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 represents net invoiced sales of services, excluding value added tax.

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 etc - 10% on reducing balance

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 period 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 period 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.

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 period was 35 (2023 - 32 ) .

STONES DISTRIBUTION LTD (Registered number: 07683088)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 30 January 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 January 2024 1,464,482
DEPRECIATION
At 1 July 2023 712,859
Charge for period 51,093
At 30 January 2024 763,952
NET BOOK VALUE
At 30 January 2024 700,530
At 30 June 2023 751,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.6.23
£    £   
Trade debtors 386,207 432,123
Other debtors 355,396 223,518
741,603 655,641

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.6.23
£    £   
Trade creditors 143,856 300,004
Taxation and social security 15,738 985,751
Other creditors 232,343 277,014
391,937 1,562,769

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.1.24 30.6.23
£    £   
Bank loans 34,553 65,635
Hire purchase contracts 213,975 349,991
Other creditors 1,461,849 -
1,710,377 415,626

STONES DISTRIBUTION LTD (Registered number: 07683088)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 30 January 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.1.24 30.6.23
value: £    £   
100 Ordinary £1 100 100