Stoneway Contracting Co. Limited |
Registered number: |
02004367 |
Balance Sheet |
as at 31 March 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
222,843 |
|
|
223,370 |
|
Current assets |
Stocks |
|
|
486 |
|
|
463 |
Debtors |
4 |
|
92,326 |
|
|
46,092 |
Cash at bank and in hand |
|
|
137,687 |
|
|
227,359 |
|
|
|
230,499 |
|
|
273,914 |
|
Creditors: amounts falling due within one year |
5 |
|
(150,855) |
|
|
(199,416) |
|
Net current assets |
|
|
|
79,644 |
|
|
74,498 |
|
Total assets less current liabilities |
|
|
|
302,487 |
|
|
297,868 |
|
|
Provisions for liabilities |
|
|
|
(291) |
|
|
(391) |
|
|
Net assets |
|
|
|
302,196 |
|
|
297,477 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
302,096 |
|
|
297,377 |
|
Shareholders' funds |
|
|
|
302,196 |
|
|
297,477 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
A. Pitts |
Director |
Approved by the board on 12 August 2024 |
|
Stoneway Contracting Co. Limited |
Notes to the Accounts |
for the year ended 31 March 2024 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment |
25% on reducing balance pa |
|
Motor vehicles |
25% on reducing balance pa |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
Land |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2023 |
221,310 |
|
27,689 |
|
17,462 |
|
266,461 |
|
At 31 March 2024 |
221,310 |
|
27,689 |
|
17,462 |
|
266,461 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2023 |
- |
|
26,442 |
|
16,649 |
|
43,091 |
|
Charge for the year |
- |
|
323 |
|
204 |
|
527 |
|
At 31 March 2024 |
- |
|
26,765 |
|
16,853 |
|
43,618 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2024 |
221,310 |
|
924 |
|
609 |
|
222,843 |
|
At 31 March 2023 |
221,310 |
|
1,247 |
|
813 |
|
223,370 |
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
92,070 |
|
45,738 |
|
Other debtors |
256 |
|
354 |
|
|
|
|
|
|
92,326 |
|
46,092 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
17,327 |
|
24,525 |
|
Corporation tax |
8,245 |
|
12,442 |
|
Other taxes and social security costs |
19,536 |
|
(215) |
|
Other creditors |
105,747 |
|
162,664 |
|
|
|
|
|
|
150,855 |
|
199,416 |
|
|
|
|
|
|
|
|
|
|
6 |
Contingent liabilities |
|
|
There were no contingent liabilities at 31st March 2024 or 31st March 2023. |
|
|
7 |
Related party transactions |
|
|
A. Pitts, the director, has made unsecured interest free loans to the company. |
|
|
8 |
Controlling party |
|
|
The ultimate controlling party is the director A Pitts. |
|
|
9 |
Other information |
|
|
Stoneway Contracting Co. Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Sudley Terrace |
|
High Street |
|
Bognor Regis |
|
West Sussex |
|
PO21 1EY |