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REGISTERED NUMBER: 02896719 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

R. G. STONES (BUILDINGS) LIMITED

R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R. G. STONES (BUILDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: M A Wolfson
T Edwards
R J Wolfson
I N Wright



SECRETARY: M Wolfson



REGISTERED OFFICE: Preesgweene
Weston Rhyn
Oswestry
Shropshire
SY10 7TZ



REGISTERED NUMBER: 02896719 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25, Grosvenor Road
Wrexham
LL11 1BT



BANKERS: National Westminster Bank plc
33, Lord Street
Wrexham
LL11 1LP

R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,052 6,260

CURRENT ASSETS
Stocks 5 401,368 420,340
Debtors 6 1,864,531 1,382,329
Cash at bank and in hand 877,252 1,740,998
3,143,151 3,543,667
CREDITORS
Amounts falling due within one year 7 539,398 617,195
NET CURRENT ASSETS 2,603,753 2,926,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,609,805

2,932,732

PROVISIONS FOR LIABILITIES 8 1,513 1,189
NET ASSETS 2,608,292 2,931,543

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 2,608,290 2,931,541
SHAREHOLDERS' FUNDS 2,608,292 2,931,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

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

R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)

BALANCE SHEET - continued
31ST MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th July 2024 and were signed on its behalf by:





I N Wright - Director


R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

R. G. Stones (Buildings) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 10% 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 Statement of Income and Retained Earnings, 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 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 23 (2023 - 24 ) .

R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2023 88,784
Disposals (11,092 )
At 31st March 2024 77,692
DEPRECIATION
At 1st April 2023 82,524
Eliminated on disposal (10,884 )
At 31st March 2024 71,640
NET BOOK VALUE
At 31st March 2024 6,052
At 31st March 2023 6,260

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks and work in progress 401,368 420,340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 860,566 1,313,503
Other debtors and prepayments 11,717 14,636
Group companies 992,248 54,190
1,864,531 1,382,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 183,487 178,423
Corporation tax 159,236 94,925
Social security and other taxes 25,980 39,024
VAT 147,077 264,812
Directors' current accounts - 8,608
Accrued expenses 23,618 31,403
539,398 617,195

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 1,513 1,189

R. G. STONES (BUILDINGS) LIMITED (REGISTERED NUMBER: 02896719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st April 2023 1,189
Changes in tax rates 364
Changes in tax allowances (40 )
Balance at 31st March 2024 1,513

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -

11. RELATED PARTY DISCLOSURES

There was a balance outstanding at the year end due from the holding company, R.G.Stones (Timber) Limited in the sum of £992,248 (2023 £54,190)

During the year the company charged R.G.Stones (Timber) Limited £165,573 (2023 £133,139) for costs incurred on its behalf and was charged by that company £180,000 (2023 £180,000) in respect of management charges.