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REGISTERED NUMBER: 05706832 (England and Wales)















STONE JUNCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024






STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONE JUNCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R J Stone





REGISTERED OFFICE: Suites 1&2 The Malthouse
Water Street
Stafford
Staffordshire
ST16 2AG





REGISTERED NUMBER: 05706832 (England and Wales)

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 48,873 208,354

CURRENT ASSETS
Debtors 5 212,609 200,375
Cash at bank 249,868 614,409
462,477 814,784
CREDITORS
Amounts falling due within one year 6 (202,022 ) (135,441 )
NET CURRENT ASSETS 260,455 679,343
TOTAL ASSETS LESS CURRENT LIABILITIES 309,328 887,697

PROVISIONS FOR LIABILITIES (11,883 ) (1,231 )
NET ASSETS 297,445 886,466

CAPITAL AND RESERVES
Called up share capital 7 100 2
Retained earnings 297,345 886,464
SHAREHOLDERS' FUNDS 297,445 886,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

BALANCE SHEET - continued
29 FEBRUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2024 and were signed by:





R J Stone - Director


STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Stone Junction 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 Section 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from public relations consultancy services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to chargeable hours undertaken and costs incurred in relation to a project.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest receivable

Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.


STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


2. ACCOUNTING POLICIES - continued
Tax
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 34 ) .

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 200,449 81,940 282,389
Additions - 50,183 50,183
Disposals (200,449 ) (38,402 ) (238,851 )
At 29 February 2024 - 93,721 93,721
DEPRECIATION
At 1 March 2023 - 74,035 74,035
Charge for year - 9,215 9,215
Eliminated on disposal - (38,402 ) (38,402 )
At 29 February 2024 - 44,848 44,848
NET BOOK VALUE
At 29 February 2024 - 48,873 48,873
At 28 February 2023 200,449 7,905 208,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 200,150 191,507
Other debtors 734 684
Directors' loan accounts 3,387 -
Prepayments 8,338 8,184
212,609 200,375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,968 15,513
Tax 10,110 34,055
Social security and other taxes 25,734 24,832
VAT 122,925 28,181
Pension control account 5,135 4,876
Directors' current accounts - 403
Accrued expenses 26,150 27,581
202,022 135,441

STONE JUNCTION LIMITED (REGISTERED NUMBER: 05706832)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 2
45 Ordinary A shares £1 45 -
45 Ordinary B shares £1 45 -
10 Ordinary C shares £1 10 -
100 2

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
45 Ordinary A shares £1 45 -
45 Ordinary B shares £1 45 -
10 Ordinary C shares £1 10 -
100 -

8. FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £83,306 (2023 £91,136)

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R J Stone
Balance outstanding at start of year - -
Amounts advanced 3,387 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,387 -

The directors loan has been provided interest free and is repayable on demand.