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REGISTERED NUMBER: 03629415 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Northumberland Stone Limited

Northumberland Stone Limited (Registered number: 03629415)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Northumberland Stone Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M N Allison
S C Braithwaite





SECRETARY: M N Allison





REGISTERED OFFICE: Onyx House
7 South Church Road
BISHOP AUCKLAND
Co Durham
DL14 7LB





REGISTERED NUMBER: 03629415 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Northumberland Stone Limited (Registered number: 03629415)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,081,054 906,946

CURRENT ASSETS
Debtors 5 158,652 164,832
Cash at bank 317,614 399,868
476,266 564,700
CREDITORS
Amounts falling due within one year 6 79,359 57,478
NET CURRENT ASSETS 396,907 507,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,477,961

1,414,168

PROVISIONS FOR LIABILITIES 8 320,029 287,194
NET ASSETS 1,157,932 1,126,974

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,157,832 1,126,874
SHAREHOLDERS' FUNDS 1,157,932 1,126,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Northumberland Stone Limited (Registered number: 03629415)

Balance Sheet - continued
31 December 2023


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 2 September 2024 and were signed on its behalf by:





M N Allison - Director


Northumberland Stone Limited (Registered number: 03629415)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Northumberland Stone 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.

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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose transactions concluded under normal market conditions with related parties.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when the services have been supplied to the customers.

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 - 15% on reducing balance

Fixed assets are held at cost less accumulated depreciation.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.


Northumberland Stone Limited (Registered number: 03629415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 2,184,591
Additions 357,000
At 31 December 2023 2,541,591
DEPRECIATION
At 1 January 2023 1,277,645
Charge for year 182,892
At 31 December 2023 1,460,537
NET BOOK VALUE
At 31 December 2023 1,081,054
At 31 December 2022 906,946

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 32,067 40,126
Amounts owed by group undertakings 8,564 43,769
Other debtors 14,073 14,073
Prepayments and accrued income 103,948 66,864
158,652 164,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 13,996 805
Directors' loan accounts 40,000 1,477
Accruals and deferred income 25,363 55,196
79,359 57,478

Northumberland Stone Limited (Registered number: 03629415)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 5,900 5,900
Between one and five years 23,600 23,600
In more than five years - 5,900
29,500 35,400

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 223,029 190,194
Other provisions 97,000 97,000
320,029 287,194

Quarry
Deferred restoratio
tax n
£    £   
Balance at 1 January 2023 190,194 97,000
Accelerated capital allowances 32,835 -
Balance at 31 December 2023 223,029 97,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements - 250,000

11. RELATED PARTY DISCLOSURES


2023 2022
£ £

Amounts due to director 40,000 1,477
No interest was charged.