Company Registration No. 05866342 (England and Wales)
Stonefield Systems (Europe) Ltd
Unaudited accounts
for the year ended 30 June 2024
Stonefield Systems (Europe) Ltd
Unaudited accounts
Contents
Stonefield Systems (Europe) Ltd
Company Information
for the year ended 30 June 2024
Directors
Mr D Gerrey
Mr R E M Burton
Company Number
05866342 (England and Wales)
Registered Office
Unit 217
91 Western Road
Brighton
East Sussex
BN1 2NW
Stonefield Systems (Europe) Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,793
3,057
Cash at bank and in hand
230,172
174,923
Creditors: amounts falling due within one year
(149,528)
(68,339)
Net current assets
119,321
138,238
Net assets
122,114
141,295
Called up share capital
102
102
Capital redemption reserve
101
101
Profit and loss account
121,911
141,092
Shareholders' funds
122,114
141,295
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr D Gerrey
Director
Company Registration No. 05866342
Stonefield Systems (Europe) Ltd
Notes to the Accounts
for the year ended 30 June 2024
Stonefield Systems (Europe) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05866342. The registered office is Unit 217, 91 Western Road, Brighton, East Sussex, BN1 2NW.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
3 years straight line
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
4,662
772
9,321
14,755
At 30 June 2024
4,662
772
12,002
17,436
At 1 July 2023
4,050
679
6,969
11,698
Charge for the year
152
23
2,770
2,945
At 30 June 2024
4,202
702
9,739
14,643
At 30 June 2024
460
70
2,263
2,793
At 30 June 2023
612
93
2,352
3,057
Stonefield Systems (Europe) Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
34,862
13,663
Accrued income and prepayments
3,815
2,106
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
39,836
25,195
Deferred income
65,040
32,230
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Average number of employees
During the year the average number of employees was 2 (2023: 2).