2023-08-012024-07-312024-07-31false08158612STONE ASBESTOS LTD2024-09-1274901iso4217:GBPxbrli:pure081586122023-08-01081586122024-07-31081586122023-08-012024-07-31081586122022-08-01081586122023-07-31081586122022-08-012023-07-3108158612bus:SmallEntities2023-08-012024-07-3108158612bus:AuditExempt-NoAccountantsReport2023-08-012024-07-3108158612bus:FullAccounts2023-08-012024-07-3108158612bus:PrivateLimitedCompanyLtd2023-08-012024-07-3108158612core:WithinOneYear2024-07-3108158612core:AfterOneYear2024-07-3108158612core:WithinOneYear2023-07-3108158612core:AfterOneYear2023-07-3108158612core:ShareCapital2024-07-3108158612core:SharePremium2024-07-3108158612core:RevaluationReserve2024-07-3108158612core:OtherReservesSubtotal2024-07-3108158612core:RetainedEarningsAccumulatedLosses2024-07-3108158612core:ShareCapital2023-07-3108158612core:SharePremium2023-07-3108158612core:RevaluationReserve2023-07-3108158612core:OtherReservesSubtotal2023-07-3108158612core:RetainedEarningsAccumulatedLosses2023-07-3108158612core:LandBuildings2024-07-3108158612core:PlantMachinery2024-07-3108158612core:Vehicles2024-07-3108158612core:FurnitureFittings2024-07-3108158612core:OfficeEquipment2024-07-3108158612core:NetGoodwill2024-07-3108158612core:IntangibleAssetsOtherThanGoodwill2024-07-3108158612core:ListedExchangeTraded2024-07-3108158612core:UnlistedNon-exchangeTraded2024-07-3108158612core:LandBuildings2023-07-3108158612core:PlantMachinery2023-07-3108158612core:Vehicles2023-07-3108158612core:FurnitureFittings2023-07-3108158612core:OfficeEquipment2023-07-3108158612core:NetGoodwill2023-07-3108158612core:IntangibleAssetsOtherThanGoodwill2023-07-3108158612core:ListedExchangeTraded2023-07-3108158612core:UnlistedNon-exchangeTraded2023-07-3108158612core:LandBuildings2023-08-012024-07-3108158612core:PlantMachinery2023-08-012024-07-3108158612core:Vehicles2023-08-012024-07-3108158612core:FurnitureFittings2023-08-012024-07-3108158612core:OfficeEquipment2023-08-012024-07-3108158612core:NetGoodwill2023-08-012024-07-3108158612core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3108158612core:ListedExchangeTraded2023-08-012024-07-3108158612core:UnlistedNon-exchangeTraded2023-08-012024-07-3108158612core:MoreThanFiveYears2023-08-012024-07-3108158612core:Non-currentFinancialInstruments2024-07-3108158612core:Non-currentFinancialInstruments2023-07-3108158612dpl:CostSales2023-08-012024-07-3108158612dpl:DistributionCosts2023-08-012024-07-3108158612core:LandBuildings2023-08-012024-07-3108158612core:PlantMachinery2023-08-012024-07-3108158612core:Vehicles2023-08-012024-07-3108158612core:FurnitureFittings2023-08-012024-07-3108158612core:OfficeEquipment2023-08-012024-07-3108158612dpl:AdministrativeExpenses2023-08-012024-07-3108158612core:NetGoodwill2023-08-012024-07-3108158612core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3108158612dpl:GroupUndertakings2023-08-012024-07-3108158612dpl:ParticipatingInterests2023-08-012024-07-3108158612dpl:GroupUndertakingscore:ListedExchangeTraded2023-08-012024-07-3108158612core:ListedExchangeTraded2023-08-012024-07-3108158612dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-08-012024-07-3108158612core:UnlistedNon-exchangeTraded2023-08-012024-07-3108158612dpl:CostSales2022-08-012023-07-3108158612dpl:DistributionCosts2022-08-012023-07-3108158612core:LandBuildings2022-08-012023-07-3108158612core:PlantMachinery2022-08-012023-07-3108158612core:Vehicles2022-08-012023-07-3108158612core:FurnitureFittings2022-08-012023-07-3108158612core:OfficeEquipment2022-08-012023-07-3108158612dpl:AdministrativeExpenses2022-08-012023-07-3108158612core:NetGoodwill2022-08-012023-07-3108158612core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108158612dpl:GroupUndertakings2022-08-012023-07-3108158612dpl:ParticipatingInterests2022-08-012023-07-3108158612dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3108158612core:ListedExchangeTraded2022-08-012023-07-3108158612dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3108158612core:UnlistedNon-exchangeTraded2022-08-012023-07-3108158612core:NetGoodwill2024-07-3108158612core:IntangibleAssetsOtherThanGoodwill2024-07-3108158612core:LandBuildings2024-07-3108158612core:PlantMachinery2024-07-3108158612core:Vehicles2024-07-3108158612core:FurnitureFittings2024-07-3108158612core:OfficeEquipment2024-07-3108158612core:AfterOneYear2024-07-3108158612core:WithinOneYear2024-07-3108158612core:ListedExchangeTraded2024-07-3108158612core:UnlistedNon-exchangeTraded2024-07-3108158612core:ShareCapital2024-07-3108158612core:SharePremium2024-07-3108158612core:RevaluationReserve2024-07-3108158612core:OtherReservesSubtotal2024-07-3108158612core:RetainedEarningsAccumulatedLosses2024-07-3108158612core:NetGoodwill2023-07-3108158612core:IntangibleAssetsOtherThanGoodwill2023-07-3108158612core:LandBuildings2023-07-3108158612core:PlantMachinery2023-07-3108158612core:Vehicles2023-07-3108158612core:FurnitureFittings2023-07-3108158612core:OfficeEquipment2023-07-3108158612core:AfterOneYear2023-07-3108158612core:WithinOneYear2023-07-3108158612core:ListedExc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STONE ASBESTOS LTD

Registered Number
08158612
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

STONE ASBESTOS LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Director

STONE, William

Registered Address

Unit 1 &1a Flaxmill Lane
Pinchbeck
Spalding
PE11 3YP

Registered Number

08158612 (England and Wales)
STONE ASBESTOS LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3110,622116,573
110,622116,573
Current assets
Debtors44,40651,806
Cash at bank and on hand21,97857,060
66,384108,866
Creditors amounts falling due within one year4(69,061)(71,427)
Net current assets (liabilities)(2,677)37,439
Total assets less current liabilities107,945154,012
Creditors amounts falling due after one year5(73,212)(66,370)
Net assets34,73387,642
Capital and reserves
Called up share capital1,0001,000
Profit and loss account33,73386,642
Shareholders' funds34,73387,642
The financial statements were approved and authorised for issue by the Director on 12 September 2024, and are signed on its behalf by:
STONE, William
Director
Registered Company No. 08158612
STONE ASBESTOS LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Office Equipment15
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year55
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 235,361167,2631,1055,980179,709
Additions3,20068,504-4,72376,427
Disposals(2,914)(64,087)-(3,500)(70,501)
Transfers--(1,105)1,105-
At 31 July 245,647171,680-8,308185,635
Depreciation and impairment
At 01 August 231,17560,393-1,56863,136
Charge for year79333,233-1,13535,161
On disposals(809)(21,646)-(762)(23,217)
Other adjustments---(67)(67)
At 31 July 241,15971,980-1,87475,013
Net book value
At 31 July 244,48899,700-6,434110,622
At 31 July 234,186106,8701,1054,412116,573
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,8545,609
Bank borrowings and overdrafts119-
Taxation and social security28,75711,465
Finance lease and HP contracts29,24253,269
Other creditors5043
Accrued liabilities and deferred income1,0391,041
Total69,06171,427
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts26,31366,370
Other creditors46,899-
Total73,21266,370
Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts46,899-
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.