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REGISTERED NUMBER: 11031936 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Smooth Stone Care And Education Limited

Smooth Stone Care And Education Limited (Registered number: 11031936)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Smooth Stone Care And Education Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: R Scales
A McGregor
M J Storey
P I Emmerson





REGISTERED OFFICE: Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF





REGISTERED NUMBER: 11031936 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

Smooth Stone Care And Education Limited (Registered number: 11031936)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 856,799 717,389

CURRENT ASSETS
Stocks 6 2,150 1,450
Debtors: amounts falling due within one year 7 351,556 153,665
Debtors: amounts falling due after more than
one year

7

31,000

-
Cash at bank and in hand 55,304 354,445
440,010 509,560
CREDITORS
Amounts falling due within one year 8 (670,203 ) (407,042 )
NET CURRENT (LIABILITIES)/ASSETS (230,193 ) 102,518
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,606

819,907

CREDITORS
Amounts falling due after more than one
year

9

(169,253

)

(339,608

)

PROVISIONS FOR LIABILITIES 13 (91,547 ) (64,910 )
NET ASSETS 365,806 415,389

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 364,606 414,189
365,806 415,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Smooth Stone Care And Education Limited (Registered number: 11031936)

Statement of Financial Position - continued
30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





R Scales - Director


Smooth Stone Care And Education Limited (Registered number: 11031936)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Smooth Stone Care And Education Limited ('The Company') is primarily engaged in residential care services.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the registered office is Datum House, Electra Way, Crewe, Cheshire, CW1 6ZF. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle 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.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
The directors have reviewed the company's financial requirements for the period covering the twelve months from the date of these financial statements were signed. As a result of this review they are satisfied that the company will have sufficient resources to continue in operation throughout this period.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Income is recognised when services have been rendered to customers. For contracts, it is taken that the services will be rendered evenly over the period of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 10% on cost and straight line over remainder of lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value).


Smooth Stone Care And Education Limited (Registered number: 11031936)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 80 (2023 - 69 ) .

Smooth Stone Care And Education Limited (Registered number: 11031936)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 July 2023 627,346 65,955 65,026
Additions - 151,574 31,837
Disposals - - (17,010 )
At 30 June 2024 627,346 217,529 79,853
DEPRECIATION
At 1 July 2023 17,955 9,925 35,035
Charge for year 12,546 20,849 11,649
Eliminated on disposal - - (10,557 )
At 30 June 2024 30,501 30,774 36,127
NET BOOK VALUE
At 30 June 2024 596,845 186,755 43,726
At 30 June 2023 609,391 56,030 29,991

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 30,850 13,870 803,047
Additions 6,000 13,763 203,174
Disposals (1,750 ) (6,080 ) (24,840 )
At 30 June 2024 35,100 21,553 981,381
DEPRECIATION
At 1 July 2023 13,539 9,204 85,658
Charge for year 5,265 5,486 55,795
Eliminated on disposal (547 ) (5,767 ) (16,871 )
At 30 June 2024 18,257 8,923 124,582
NET BOOK VALUE
At 30 June 2024 16,843 12,630 856,799
At 30 June 2023 17,311 4,666 717,389

6. STOCKS
2024 2023
£    £   
Stocks 2,150 1,450

Smooth Stone Care And Education Limited (Registered number: 11031936)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 310,994 136,765
Other debtors 40,562 16,900
351,556 153,665

Amounts falling due after more than one year:
Other debtors 31,000 -

Aggregate amounts 382,556 153,665

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 170,355 51,214
Trade creditors 34,432 7,282
Taxation and social security 130,882 155,925
Other creditors 334,534 192,621
670,203 407,042

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 169,253 339,608

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 170,355 51,214

Amounts falling due between one and two years:
Bank loans - 1-2 years 32,550 170,355

Amounts falling due between two and five years:
Bank loans - 2-5 years 136,703 169,253

Smooth Stone Care And Education Limited (Registered number: 11031936)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

11. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 152,394 54,119
Between one and five years 299,474 48,257
In more than five years - 11,850
451,868 114,226

12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 312,941 354,156

The bank loans are secured by a debenture over the company's assets and a specific charge over the company's freehold property.

13. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 91,547 64,910

Deferred
tax
£   
Balance at 1 July 2023 64,910
Charge to Income Statement during year 26,637
Balance at 30 June 2024 91,547

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts of £1,248 (2023: £15,420) and £nil (2023: £3,000) owed to the directors are included within creditors: amounts falling due within one year.

The company paid rent of £24,000 (2023: £24,000) to the pension schemes of two of the directors during the year At 30 June 2024 £nil (2023: £2,000) was outstanding and is included within other creditors: amounts falling due within one year.

15. RELATED PARTY DISCLOSURES

Transactions with related parties during the year and balances outstanding at the end of the reporting period were as follows:

2024 2023
£ £
Rent 12,000 12,000
Amounts due to entities - 1,000