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REGISTERED NUMBER: 06477653 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

FENLAND STONEWORKS LTD.

FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FENLAND STONEWORKS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M C Oliver
C A Oliver





SECRETARY: C A Oliver





REGISTERED OFFICE: The Trade Yard
5 Askews Lane
Yaxley
Peterborough
Cambridgeshire
PE7 3LA





REGISTERED NUMBER: 06477653 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,558 74,399
Investment property 5 198,329 -
262,887 74,399

CURRENT ASSETS
Stocks 80,325 85,000
Debtors 6 36,937 55,750
Cash at bank 63,661 106,186
180,923 246,936
CREDITORS
Amounts falling due within one year 7 133,702 43,959
NET CURRENT ASSETS 47,221 202,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

310,108

277,376

PROVISIONS FOR LIABILITIES 9,787 9,243
NET ASSETS 300,321 268,133

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 300,221 268,033
SHAREHOLDERS' FUNDS 300,321 268,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





M C Oliver - Director


FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Fenland Stoneworks Ltd. is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and deferred axation 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 20,083 111,568 122,061 253,712
Additions - 4,538 - 4,538
At 31 March 2024 20,083 116,106 122,061 258,250
DEPRECIATION
At 1 April 2023 - 87,300 92,013 179,313
Charge for year - 6,867 7,512 14,379
At 31 March 2024 - 94,167 99,525 193,692
NET BOOK VALUE
At 31 March 2024 20,083 21,939 22,536 64,558
At 31 March 2023 20,083 24,268 30,048 74,399

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 198,329
At 31 March 2024 198,329
NET BOOK VALUE
At 31 March 2024 198,329

Investment property is held at fair value. The directors have reviewed this at the year end and consider the initial purchase price, stamp duty, legal fees and development costs incurred to date represent the fair value of the property as at 31st March 2024.

FENLAND STONEWORKS LTD. (REGISTERED NUMBER: 06477653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,084 48,915
Other debtors 853 5,457
Tax - 1,378
36,937 55,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,526 10,049
Tax 13,276 -
Social security and other taxes 732 927
VAT 11,166 468
Other creditors 65,143 -
Directors' current accounts 31,175 29,756
Accruals and deferred income 2,684 2,759
133,702 43,959

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,666 (2023 - £3,333) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Oliver by virtue of his 60% ownership of the issued ordinary share capital.