IRIS Accounts Production v24.3.0.553 03161793 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false 129375 199405 100983 95077 174126 165107 56232 129375 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031617932022-12-31031617932023-12-31031617932023-01-012023-12-31031617932021-12-31031617932022-01-012022-12-31031617932022-12-3103161793ns15:EnglandWales2023-01-012023-12-3103161793ns14:PoundSterling2023-01-012023-12-3103161793ns10:Director12023-01-012023-12-3103161793ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103161793ns10:SmallEntities2023-01-012023-12-3103161793ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103161793ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103161793ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103161793ns10:FullAccounts2023-01-012023-12-310316179342ns10:Director22022-12-310316179342ns10:Director22021-12-310316179342ns10:Director22023-01-012023-12-310316179342ns10:Director22022-01-012022-12-310316179342ns10:Director22023-12-310316179342ns10:Director22022-12-3103161793ns5:CurrentFinancialInstruments2023-12-3103161793ns5:CurrentFinancialInstruments2022-12-3103161793ns5:Non-currentFinancialInstruments2023-12-3103161793ns5:Non-currentFinancialInstruments2022-12-3103161793ns5:ShareCapital2023-12-3103161793ns5:ShareCapital2022-12-3103161793ns5:SharePremium2023-12-3103161793ns5:SharePremium2022-12-3103161793ns5:RetainedEarningsAccumulatedLosses2023-12-3103161793ns5:RetainedEarningsAccumulatedLosses2022-12-3103161793ns10:RegisteredOffice2023-01-012023-12-3103161793ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3103161793ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3103161793ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3103161793ns5:PlantMachinery2023-01-012023-12-3103161793ns5:MotorVehicles2023-01-012023-12-3103161793ns5:ComputerEquipment2023-01-012023-12-3103161793ns5:LandBuildings2022-12-3103161793ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3103161793ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3103161793ns5:LandBuildings2023-01-012023-12-3103161793ns5:LandBuildings2023-12-3103161793ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3103161793ns5:LongLeaseholdAssetsns5:LandBuildings2023-12-3103161793ns5:LandBuildings2022-12-3103161793ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3103161793ns5:LongLeaseholdAssetsns5:LandBuildings2022-12-3103161793ns5:PlantMachinery2022-12-3103161793ns5:MotorVehicles2022-12-3103161793ns5:ComputerEquipment2022-12-3103161793ns5:PlantMachinery2023-12-3103161793ns5:MotorVehicles2023-12-3103161793ns5:ComputerEquipment2023-12-3103161793ns5:PlantMachinery2022-12-3103161793ns5:MotorVehicles2022-12-3103161793ns5:ComputerEquipment2022-12-3103161793ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103161793ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103161793ns5:Secured2023-12-3103161793ns5:Secured2022-12-3103161793ns10:Director22023-01-012023-12-31031617931ns10:Director12022-12-31031617931ns10:Director12021-12-31031617931ns10:Director12023-01-012023-12-31031617931ns10:Director12022-01-012022-12-31031617931ns10:Director12023-12-31031617931ns10:Director12022-12-31
REGISTERED NUMBER: 03161793 (England and Wales)










Cotswold Stone Supplies Limited

Financial Statements

for the Year Ended 31st December 2023






Cotswold Stone Supplies Limited (Registered number: 03161793)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Cotswold Stone Supplies Limited (Registered number: 03161793)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 684,092 732,584

CURRENT ASSETS
Stocks 40,145 29,756
Debtors 5 178,817 320,360
Cash at bank 236,977 136,154
455,939 486,270
CREDITORS
Amounts falling due within one year 6 307,930 362,460
NET CURRENT ASSETS 148,009 123,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

832,101

856,394

CREDITORS
Amounts falling due after more than one
year

7

(136,646

)

(239,752

)

PROVISIONS FOR LIABILITIES (44,468 ) (42,748 )
NET ASSETS 650,987 573,894

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 285,545 285,545
Retained earnings 364,442 287,349
SHAREHOLDERS' FUNDS 650,987 573,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

Cotswold Stone Supplies Limited (Registered number: 03161793)

Balance Sheet - continued
31st December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2024 and were signed on its behalf by:





C Lewis - Director


Cotswold Stone Supplies Limited (Registered number: 03161793)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Cotswold Stone Supplies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03161793

Registered office: Halfway Bush Farm
Knockdown
TETBURY
Gloucestershire
GL8 8QY

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 4% on cost
Quarry planning costs - 25% on cost
Short leasehold property - 4% on cost
Plant and machinery - 10% on cost
Motor vehicles - 10% to 20% on cost
Fixtures, fittings and equipment - 10% to 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

Cotswold Stone Supplies Limited (Registered number: 03161793)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Freehold Quarry Short
land and planning leasehold
buildings costs property
£    £    £   
COST
At 1st January 2023 653,878 112,045 43,400
Additions - 50,037 -
Disposals - - -
At 31st December 2023 653,878 162,082 43,400
DEPRECIATION
At 1st January 2023 236,874 50,665 36,078
Charge for year 11,073 32,969 1,445
Eliminated on disposal - - -
At 31st December 2023 247,947 83,634 37,523
NET BOOK VALUE
At 31st December 2023 405,931 78,448 5,877
At 31st December 2022 417,004 61,380 7,322

Fixtures,
fittings
Plant and Motor and
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 694,081 20,800 18,197 1,542,401
Additions 6,400 - - 56,437
Disposals (14,000 ) - - (14,000 )
At 31st December 2023 686,481 20,800 18,197 1,584,838
DEPRECIATION
At 1st January 2023 459,594 8,800 17,806 809,817
Charge for year 57,101 2,000 341 104,929
Eliminated on disposal (14,000 ) - - (14,000 )
At 31st December 2023 502,695 10,800 18,147 900,746
NET BOOK VALUE
At 31st December 2023 183,786 10,000 50 684,092
At 31st December 2022 234,487 12,000 391 732,584

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,874 99,093
Other debtors 110,943 221,267
178,817 320,360

Cotswold Stone Supplies Limited (Registered number: 03161793)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 100,129 157,151
Trade creditors 50,123 66,474
Taxation and social security 107,755 77,549
Other creditors 49,923 61,286
307,930 362,460

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 136,646 239,752

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 67,677
Bank loans 236,775 329,226
236,775 396,903

The bank is secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
C Lewis and Mrs S M Lewis
Balance outstanding at start of year 129,375 199,405
Amounts advanced 100,983 95,077
Amounts repaid (174,126 ) (165,107 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,232 129,375

Loan interest of £1,987.21 is included within the figure for amounts advanced and was calculated using HM Revenue & Customs official rates. The maximum amount overdrawn during the year was £182,199.