2023-03-01 08441846 2024-02-28 08441846 2023-03-01 2024-02-28 08441846 2023-02-28 08441846 2022-03-01 2023-02-28 08441846 uk-core:WithinOneYear 2023-02-28 08441846 uk-core:WithinOneYear 2024-02-28 08441846 uk-core:AfterOneYear 2023-02-28 08441846 uk-core:AfterOneYear 2024-02-28 08441846 uk-core:ShareCapital 2024-02-28 08441846 uk-core:ShareCapital 2023-02-28 08441846 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 08441846 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 08441846 uk-bus:Director1 2023-03-01 2024-02-28 08441846 uk-core:NetGoodwill 2023-03-01 2024-02-28 08441846 uk-core:PlantMachinery 2023-03-01 2024-02-28 08441846 uk-core:ComputerEquipment 2023-03-01 2024-02-28 08441846 uk-core:CommercialMotorVehicles 2023-03-01 2024-02-28 08441846 uk-core:ComputerEquipment 2023-02-28 08441846 uk-core:CommercialMotorVehicles 2023-02-28 08441846 uk-core:PlantMachinery 2023-02-28 08441846 uk-core:PlantMachinery 2024-02-28 08441846 uk-core:CommercialMotorVehicles 2024-02-28 08441846 uk-core:ComputerEquipment 2024-02-28 08441846 uk-core:WithinOneYear 2024-02-28 08441846 uk-core:WithinOneYear 2023-02-28 08441846 uk-core:AfterOneYear uk-core:Secured 2024-02-28 08441846 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 08441846 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 08441846 uk-bus:FRS102 2023-03-01 2024-02-28 08441846 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 08441846 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
EDWARD STONE ELECTRICAL LTD
Registered Number:08441846
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
EDWARD STONE ELECTRICAL LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08441846
As at 28 February 2024
EDWARD STONE ELECTRICAL LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,854
12,194
2
10,854
12,194
Current assets
Trade and other receivables
17,474
10,931
3
11,702
Cash and cash equivalents
52,164
63,095
29,176
Trade and other payables: amounts falling due within one
year
(5,082)
(30,689)
4
24,094
32,406
Net current assets
Total assets less current liabilities
43,260
36,288
Trade and other payables: amounts falling due after more
than one year
(6,636)
-
5
43,260
Net assets
29,652
Capital and reserves
Called up share capital
1
1
Retained earnings
43,259
29,651
43,260
29,652
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Edward Stone Director
These financial statements were approved and authorised for issue by the Board on 05 August 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2024
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements
Statutory Information
EDWARD STONE ELECTRICAL LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08441846.
Registered address:
58 Sea Street
Herne Bay
Kent
CT6 8QB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 '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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 6 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
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5
For the year ended 28 February 2024
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 March 2023
33,723
1,589
29,940
2,194
2,279
1,542
-
737
Additions
At 28 February 2024
2,931
29,940
3,131
36,002
Provision for depreciation and impairment
At 01 March 2023
21,529
397
20,584
548
Charge for year
3,619
684
2,339
596
At 28 February 2024
25,148
1,081
22,923
1,144
At 28 February 2024
Net book value
1,787
7,017
2,050
10,854
At 28 February 2023
1,646
9,356
1,192
12,194
3. Trade and other receivables
2023
2024
£
£
Trade debtors
(7,096)
5,381
Other debtors
18,027
12,093
17,474
10,931
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
1,668
2,000
Trade creditors
712
-
Taxation and social security
20,613
1,882
Other creditors
7,696
1,200
30,689
5,082
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
6,636
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6
For the year ended 28 February 2024
EDWARD STONE ELECTRICAL LTD
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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