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Registered Number: 14906256
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 31 May 2024

for

FRANCIS STONE WALLING & PATIOS LTD

Directors Mrs L Francis
Mr J A Francis
Registered Number 14906256
Registered Office Clatworthys Cottage
Milton Combe
Yelverton
Devon
PL20 6HP
Accountants H M Williams Chartered Certified Accountants
5 Sandy Court
Ashleigh Way
Plymouth
PL7 5JX
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 May 2024
Principal activities
The principal activity of the company in the year under review was that of building completion and finishing.
Directors
The directors who have held office during the whole of the period were as follows:
Mrs L Francis
Mr J A Francis
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr J A Francis
Director

Date approved: 18 September 2024
2
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 15,205 
15,205 
Current assets    
Stocks 4 4,277 
Debtors 5 1,286 
Cash at bank and in hand 19,335 
24,898 
Creditors: amount falling due within one year 6 (31,582)
Net current assets (6,684)
 
Total assets less current liabilities 8,521 
Provisions for liabilities 7 (2,889)
Net assets 5,632 
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account 5,532 
Shareholders' funds 5,632 
 


For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 18 September 2024 and were signed on its behalf by:


-------------------------------
Mr J A Francis
Director
3
General Information
Francis Stone Walling & Patios Ltd is a private company, limited by shares, registered in England and Wales, registration number 14906256, registration address Clatworthys Cottage, Milton Combe, Yelverton, Devon, PL20 6HP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 taxation
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.
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 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 3 Years Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items.
2.

Average number of employees

Average number of employees during the year was 4.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 31 May 2023      
Additions 339    19,750    208    20,297 
Disposals      
At 31 May 2024 339    19,750    208    20,297 
Depreciation
At 31 May 2023      
Charge for period 85    4,938    69    5,092 
On disposals      
At 31 May 2024 85    4,938    69    5,092 
Net book values
Closing balance as at 31 May 2024 254    14,812    139    15,205 
Opening balance as at 31 May 2023      


4.

Stocks

2024
£
Stocks 4,277 
4,277 

5.

Debtors: amounts falling due within one year

2024
£
Trade Debtors 622 
Other Debtors 664 
1,286 

6.

Creditors: amount falling due within one year

2024
£
Taxation and Social Security 5,336 
Other Creditors 26,246 
31,582 

7.

Provisions for liabilities

2024
£
Deferred Tax 2,889 
2,889 

8.

Ultimate Controlling Party

 The ultimate controlling party is Mr J A Francis.
4