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REGISTERED NUMBER: 04644602 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Luntstone Limited

Luntstone Limited (Registered number: 04644602)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Luntstone Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: G J Lunt
J Stones





SECRETARY: G J Lunt





REGISTERED OFFICE: Unit 8 Crosville Building
Flint Trade Park
Flint
Flintshire
CH6 5RR





REGISTERED NUMBER: 04644602 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD

Luntstone Limited (Registered number: 04644602)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 216,292 124,475

CURRENT ASSETS
Stocks 46,000 39,990
Debtors 5 299,736 416,681
Cash at bank 122,457 109,813
468,193 566,484
CREDITORS
Amounts falling due within one year 6 (311,320 ) (306,985 )
NET CURRENT ASSETS 156,873 259,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,165

383,974

CREDITORS
Amounts falling due after more than one year 7 (97,131 ) (129,319 )

PROVISIONS FOR LIABILITIES (49,273 ) (26,012 )
NET ASSETS 226,761 228,643

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 226,661 228,543
SHAREHOLDERS' FUNDS 226,761 228,643

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

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

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 21 August 2024 and were signed on its behalf by:



G J Lunt - Director



J Stones - Director


Luntstone Limited (Registered number: 04644602)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Luntstone 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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery -25% on cost
Fixtures and fittings-25% on cost
Motor vehicles-25% on cost
Computer equipment-33% on cost

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

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.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Luntstone Limited (Registered number: 04644602)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and
to property machinery fittings
£ £ £
COST
At 1 April 2023 60,000 19,304 7,836
Additions - - -
Disposals - (5,222 ) -
At 31 March 2024 60,000 14,082 7,836
DEPRECIATION
At 1 April 2023 60,000 19,304 7,836
Charge for year - - -
Eliminated on disposal - (5,222 ) -
At 31 March 2024 60,000 14,082 7,836
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 309,805 20,684 417,629
Additions 139,001 - 139,001
Disposals (125,159 ) (18,495 ) (148,876 )
At 31 March 2024 323,647 2,189 407,754
DEPRECIATION
At 1 April 2023 185,588 20,426 293,154
Charge for year 46,989 195 47,184
Eliminated on disposal (125,159 ) (18,495 ) (148,876 )
At 31 March 2024 107,418 2,126 191,462
NET BOOK VALUE
At 31 March 2024 216,229 63 216,292
At 31 March 2023 124,217 258 124,475

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 202,819 283,109
Other debtors 96,917 133,572
299,736 416,681

Luntstone Limited (Registered number: 04644602)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,170 9,915
Hire purchase contracts 11,972 11,972
Trade creditors 246,290 215,172
Taxation and social security 38,869 66,379
Other creditors 4,019 3,547
311,320 306,985

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 13,957 24,127
Hire purchase contracts 83,174 105,192
97,131 129,319

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 24,127 34,042

On the 18 January 2007 a Debenture was created in favour of HSBC Bank Plc securing all amounts due from the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
98 A Ordinary £1 98 98
1 B Ordinary £1 1 1
1 C Ordinary £1 1 1
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
G J Lunt
Balance outstanding at start of year 49,529 38,575
Amounts advanced - 49,554
Amounts repaid (3,085 ) (38,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,444 49,529

Luntstone Limited (Registered number: 04644602)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Stones
Balance outstanding at start of year 48,381 36,985
Amounts advanced - 49,996
Amounts repaid (1,937 ) (38,600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 46,444 48,381

Interest was charged on the above outstanding balances in accordance with HMRC recommended rates.

The above loans were repaid within 9 months of the financial year end.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G J Lunt.

The ultimate controlling party is J Stones.

The ultimate controlling parties are G J Lunt and J Stones.

G J Lunt and J Stones own 49 A Ordinary shares each and have joint control of the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Luntstone Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Luntstone Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Luntstone Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Luntstone Limited and state those matters that we have agreed to state to the Board of Directors of Luntstone Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Luntstone Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Luntstone Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Luntstone Limited. You consider that Luntstone Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Luntstone Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
19 Trinity Square
Llandudno
CONWY
LL30 2RD


21 August 2024