1 February 2023 false No description of principal activity Taxfiler 2024.5 NI643061business:PrivateLimitedCompanyLtd2023-02-012024-01-31 NI6430612023-01-31 NI6430612023-02-012024-01-31 NI643061business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 NI643061business:FilletedAccounts2023-02-012024-01-31 NI6430612024-01-31 NI643061business:Director12023-02-012024-01-31 NI643061business:RegisteredOffice2023-02-012024-01-31 NI6430612023-01-31 NI643061core:WithinOneYear2024-01-31 NI643061core:WithinOneYear2023-01-31 NI643061core:AfterOneYear2024-01-31 NI643061core:AfterOneYear2023-01-31 NI643061core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 NI643061core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 NI643061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 NI643061core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 NI643061core:PreviouslyStatedAmount2024-01-31 NI643061core:PreviouslyStatedAmount2023-01-31 NI643061business:SmallEntities2023-02-012024-01-31 NI643061countries:NorthernIreland2023-02-012024-01-31 NI643061core:PlantMachinery2023-02-012024-01-31 NI643061core:LandBuildings2023-01-31 NI643061core:PlantMachinery2023-01-31 NI643061core:LandBuildings2023-02-012024-01-31 NI643061core:LandBuildings2024-01-31 NI643061core:PlantMachinery2024-01-31 NI6430612022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. NI643061 (Northern Ireland)
K - Stone Ireland Limited Unaudited accounts for the year ended 31 January 2024
K - Stone Ireland Limited Unaudited accounts Contents
Page
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K - Stone Ireland Limited Company Information for the year ended 31 January 2024
Director
Mr Stephen McKenna
Company Number
NI643061 (Northern Ireland)
Registered Office
9A Dunbiggan Road Eskra Co Tyrone BT78 2RR
Accountants
A D Pottie & Co Ltd 1 Church Street Fintona Tyrone BT78 2BR
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K - Stone Ireland Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
99,162 
67,651 
Current assets
Inventories
5,960 
5,960 
Debtors
7,455 
15,321 
Cash at bank and in hand
1,773 
2,436 
15,188 
23,717 
Creditors: amounts falling due within one year
(9,118)
(22,149)
Net current assets
6,070 
1,568 
Total assets less current liabilities
105,232 
69,219 
Creditors: amounts falling due after more than one year
(27,343)
(38,533)
Net assets
77,889 
30,686 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
77,888 
30,685 
Shareholders' funds
77,889 
30,686 
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 his 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 30 October 2024 and were signed on its behalf by
Mr Stephen McKenna Director Company Registration No. NI643061
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K - Stone Ireland Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
K - Stone Ireland Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI643061. The registered office is 9A Dunbiggan Road, Eskra, Co Tyrone, BT78 2RR.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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
20% Reducing balance
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.
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.
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K - Stone Ireland Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
- 
113,917 
113,917 
Additions
20,550 
34,614 
55,164 
Disposals
- 
(5,000)
(5,000)
At 31 January 2024
20,550 
143,531 
164,081 
Depreciation
At 1 February 2023
- 
46,266 
46,266 
Charge for the year
- 
19,653 
19,653 
On disposals
- 
(1,000)
(1,000)
At 31 January 2024
- 
64,919 
64,919 
Net book value
At 31 January 2024
20,550 
78,612 
99,162 
At 31 January 2023
- 
67,651 
67,651 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
(364)
4,420 
Trade debtors
11,197 
6,405 
Other debtors
(3,378)
4,496 
7,455 
15,321 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
8,190 
14,078 
Trade creditors
- 
5,905 
Taxes and social security
928 
1,203 
Accruals
- 
963 
9,118 
22,149 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,500 
10,500 
Obligations under finance leases and hire purchase contracts
19,843 
28,033 
27,343 
38,533 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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