IRIS Accounts Production v24.2.0.383 07134005 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071340052023-01-31071340052024-01-31071340052023-02-012024-01-31071340052022-01-31071340052022-02-012023-01-31071340052023-01-3107134005ns15:EnglandWales2023-02-012024-01-3107134005ns14:PoundSterling2023-02-012024-01-3107134005ns10:Director12023-02-012024-01-3107134005ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3107134005ns10:SmallEntities2023-02-012024-01-3107134005ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3107134005ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3107134005ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3107134005ns10:FullAccounts2023-02-012024-01-3107134005ns10:OrdinaryShareClass12023-02-012024-01-3107134005ns10:Director22023-02-012024-01-3107134005ns10:Director32023-02-012024-01-3107134005ns10:RegisteredOffice2023-02-012024-01-3107134005ns5:CurrentFinancialInstruments2024-01-3107134005ns5:CurrentFinancialInstruments2023-01-3107134005ns5:Non-currentFinancialInstruments2024-01-3107134005ns5:Non-currentFinancialInstruments2023-01-3107134005ns5:ShareCapital2024-01-3107134005ns5:ShareCapital2023-01-3107134005ns5:RetainedEarningsAccumulatedLosses2024-01-3107134005ns5:RetainedEarningsAccumulatedLosses2023-01-3107134005ns5:PlantMachinery2023-02-012024-01-3107134005ns5:FurnitureFittings2023-02-012024-01-3107134005ns5:MotorVehicles2023-02-012024-01-3107134005ns5:ComputerEquipment2023-02-012024-01-3107134005ns5:PlantMachinery2023-01-3107134005ns5:FurnitureFittings2023-01-3107134005ns5:MotorVehicles2023-01-3107134005ns5:ComputerEquipment2023-01-3107134005ns5:PlantMachinery2024-01-3107134005ns5:FurnitureFittings2024-01-3107134005ns5:MotorVehicles2024-01-3107134005ns5:ComputerEquipment2024-01-3107134005ns5:PlantMachinery2023-01-3107134005ns5:FurnitureFittings2023-01-3107134005ns5:MotorVehicles2023-01-3107134005ns5:ComputerEquipment2023-01-3107134005ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107134005ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107134005ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3107134005ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3107134005ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-01-3107134005ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-01-3107134005ns5:HirePurchaseContracts2024-01-3107134005ns5:HirePurchaseContracts2023-01-3107134005ns5:WithinOneYear2024-01-3107134005ns5:WithinOneYear2023-01-3107134005ns5:BetweenOneFiveYears2024-01-3107134005ns5:BetweenOneFiveYears2023-01-3107134005ns5:MoreThanFiveYears2024-01-3107134005ns5:MoreThanFiveYears2023-01-3107134005ns5:AllPeriods2024-01-3107134005ns5:AllPeriods2023-01-3107134005ns5:Secured2024-01-3107134005ns5:Secured2023-01-3107134005ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 07134005 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Sheffield Coated Stone Limited

Sheffield Coated Stone Limited (Registered number: 07134005)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheffield Coated Stone Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr W J Corker
Mr J H Corker
Mrs D E Corker





REGISTERED OFFICE: Woodside Depot
Rutland Street
Sheffield
S3 9PA





REGISTERED NUMBER: 07134005 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Sheffield Coated Stone Limited (Registered number: 07134005)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,839,950 1,984,336

CURRENT ASSETS
Stocks 60,000 59,000
Debtors 5 440,947 366,077
Cash at bank and in hand 19,550 21,954
520,497 447,031
CREDITORS
Amounts falling due within one year 6 2,002,801 1,773,533
NET CURRENT LIABILITIES (1,482,304 ) (1,326,502 )
TOTAL ASSETS LESS CURRENT LIABILITIES 357,646 657,834

CREDITORS
Amounts falling due after more than one year 7 493,021 688,487
NET LIABILITIES (135,375 ) (30,653 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (135,475 ) (30,753 )
SHAREHOLDERS' FUNDS (135,375 ) (30,653 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Sheffield Coated Stone Limited (Registered number: 07134005)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





Mr J H Corker - Director


Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sheffield Coated 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.

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

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 - 10% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors believe that preparing the financial statements on the going concern basis is appropriate due to the continued financial support of the directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 2,001,838 - 93,859 2,137 2,097,834
Additions 141,670 8,935 84,400 4,043 239,048
Disposals (35,777 ) - (48,640 ) - (84,417 )
Reclassification/transfer (35,000 ) - 35,000 - -
At 31 January 2024 2,072,731 8,935 164,619 6,180 2,252,465
DEPRECIATION
At 1 February 2023 46,629 - 64,732 2,137 113,498
Charge for year 332,923 635 30,678 744 364,980
Eliminated on disposal (28,500 ) - (37,463 ) - (65,963 )
Reclassification/transfer (1,458 ) - 1,458 - -
At 31 January 2024 349,594 635 59,405 2,881 412,515
NET BOOK VALUE
At 31 January 2024 1,723,137 8,300 105,214 3,299 1,839,950
At 31 January 2023 1,955,209 - 29,127 - 1,984,336

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 361,930 362,761
Other debtors 79,017 3,316
440,947 366,077

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 6,600
Hire purchase contracts (see note 8) 283,228 216,455
Trade creditors 476,554 354,839
Amounts owed to associates 843,431 854,931
Taxation and social security 43,032 13,052
Other creditors 351,000 327,656
2,002,801 1,773,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,631 33,423
Hire purchase contracts (see note 8) 463,390 655,064
493,021 688,487

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,408 11,200

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 283,228 216,455
Between one and five years 463,390 655,064
746,618 871,519

Non-cancellable operating leases
2024 2023
£    £   
Within one year 35,000 35,000
Between one and five years 146,250 141,250
In more than five years 375,000 415,000
556,250 591,250

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 35,187 40,023
Hire purchase contracts 746,618 871,519
781,805 911,542

Included in bank loans is the amount borrowed under the Government's Bounce Back Loan scheme. The amount is repayable by installments with interest charged at 2.5% monthly. The Government acts as guarantor to the lender of this loan.

The hire purchase contracts are secured against the assets to which they relate to. The contracts are payable by monthly instalments over their individual periods, with the longest current contract set to be fully repaid by August 2028. Interest is charged on a monthly basis for each contract individually.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

Aspengold Limited
Aspengold Limited holds an investment in the company. At the year end a balance of £843,431 (2023: £838,431) was owed to Aspengold Limited.

Corker Properties Limited
Corker Properties Limited is a company under the control of the directors'. At the year end a balance of £65,084 (2023: £3,316) was owed from Corker Properties Limited.

Ashcor Tarmacadam Limited
Ashcor Tarmacadam Limited is a company under the control of the directors'. At the year end a balance of £nil (2023: £16,500) was owed to Ashcor Tarmacadam Limited.