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REGISTERED NUMBER: 04618974















Stonedown Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Stonedown Limited (Registered number: 04618974)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stonedown Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: C Brown



REGISTERED OFFICE: 8 Blandfield Road
London
SW12 8BG



REGISTERED NUMBER: 04618974



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: HSBC
Wandsworth
Balham
SW12 9AS

Stonedown Limited (Registered number: 04618974)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2

CURRENT ASSETS
Stocks 5 - 11,863
Debtors 6 37,514 23,370
Cash at bank 36,265 65,902
73,779 101,135
CREDITORS
Amounts falling due within one
year

7

32,018

45,644
NET CURRENT ASSETS 41,761 55,491
TOTAL ASSETS LESS
CURRENT LIABILITIES

41,763

55,493

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 41,761 55,491
SHAREHOLDERS' FUNDS 41,763 55,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stonedown Limited (Registered number: 04618974)

Balance Sheet - continued
31st 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th February 2024 and were signed by:





C Brown - Director


Stonedown Limited (Registered number: 04618974)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Stonedown Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

Turnover represenrs the value of chargeable work completed in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.


Stonedown Limited (Registered number: 04618974)

Notes to the Financial Statements - continued
for the year ended 31st 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 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 328 6,834 7,162
DEPRECIATION
At 1st January 2023
and 31st December 2023 327 6,833 7,160
NET BOOK VALUE
At 31st December 2023 1 1 2
At 31st December 2022 1 1 2

5. STOCKS
2023 2022
£    £   
Work-in-progress - 11,863

Stonedown Limited (Registered number: 04618974)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 46,139 29,640
Less : provision for bad &
doubtful debts. (8,640 ) (8,640 )
Directors' current accounts 15 2,370
37,514 23,370

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Tax 18,595 24,643
Social security and other taxes 45 331
VAT 8,592 15,814
Accruals and deferred income 4,786 4,856
32,018 45,644

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1st January 2023 55,491
Profit for the year 68,270
Dividends (82,000 )
At 31st December 2023 41,761