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Company Registration No. 08801696 (England and Wales)
Stone Utility Services Ltd Unaudited accounts for the year ended 31 January 2024
Stone Utility Services Ltd Unaudited accounts Contents
Page
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Stone Utility Services Ltd Company Information for the year ended 31 January 2024
Director
K Milgate
Company Number
08801696 (England and Wales)
Registered Office
The Old Stables Eccleshall Road Norton Bridge Staffordshire ST15 0NS England
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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Stone Utility Services Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
603,214 
590,276 
Current assets
Inventories
187,011 
269,817 
Debtors
240,602 
238,285 
Cash at bank and in hand
583,836 
1,027,733 
1,011,449 
1,535,835 
Creditors: amounts falling due within one year
(372,255)
(521,000)
Net current assets
639,194 
1,014,835 
Total assets less current liabilities
1,242,408 
1,605,111 
Provisions for liabilities
Deferred tax
- 
(9,981)
Net assets
1,242,408 
1,595,130 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,242,407 
1,595,129 
Shareholders' funds
1,242,408 
1,595,130 
For the year ending 31 January 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2024 and were signed on its behalf by
K Milgate Director Company Registration No. 08801696
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Stone Utility Services Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Stone Utility Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08801696. The registered office is The Old Stables, Eccleshall Road, Norton Bridge, Staffordshire, ST15 0NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Stone Utility Services Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 February 2023
537,742 
95,147 
54,295 
7,769 
694,953 
Additions
22,896 
- 
- 
- 
22,896 
At 31 January 2024
560,638 
95,147 
54,295 
7,769 
717,849 
Depreciation
At 1 February 2023
- 
66,172 
33,516 
4,989 
104,677 
Charge for the year
- 
4,346 
5,195 
417 
9,958 
At 31 January 2024
- 
70,518 
38,711 
5,406 
114,635 
Net book value
At 31 January 2024
560,638 
24,629 
15,584 
2,363 
603,214 
At 31 January 2023
537,742 
28,975 
20,779 
2,780 
590,276 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
200,000 
190,768 
Other debtors
40,602 
47,517 
240,602 
238,285 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
284,681 
454,850 
Taxes and social security
67,867 
50,501 
Other creditors
19,707 
15,649 
372,255 
521,000 
7
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
- 
9,981 
2024 
2023 
£ 
£ 
Provision at start of year
9,981 
12,362 
Credited to the profit and loss account
(9,981)
(2,381)
Provision at end of year
- 
9,981 
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Stone Utility Services Ltd Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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