5138230falsethat of import, wholesale and retail of stone and stone related products.2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 5138230

HEART OF STONE LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

HEART OF STONE LIMITED

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
HENRYK KRZYSZTOF GROMADZKI
SECRETARY
MRS DAINA GROMADZKI
REGISTERED OFFICE
COTSBROOK FARM
HIGFORD NEAR SHIFNAL
TELFORD
SHROPSHIRE
TF11 9ES
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 5138230
BANKERS
HSBC BANK PLC
ACCOUNTANTS
JAN G GROMADZKI
CHARTERED ACCOUNTANT
13 WOLVERHAMPTON ROAD
CODSALL
WOLVERHAMPTON
WEST MIDLANDS
WV8 1PT

HEART OF STONE LIMITED

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

HEART OF STONE LIMITED

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets227,44830,940
CURRENT ASSETS
Stock70,62071,660
Debtors42,6116,132
Cash at bank and in hand19,64324,754
92,874102,546
CREDITORS: Amounts falling due within one year5102,136105,893
NET CURRENT LIABILITIES(9,262)(3,347)
TOTAL ASSETS LESS CURRENT LIABILITIES18,18627,593
PROVISIONS FOR LIABILITIES AND CHARGES74,9765,812
NET ASSETS13,21021,781
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account13,20921,780
SHAREHOLDERS' FUNDS13,21021,781
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/11/2024 and signed on their behalf by
.............................
HENRYK KRZYSZTOF GROMADZKI
Director

HEART OF STONE LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.
Plant And Machinerystraight line10%
Equipmentstraight line10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts, derived from ordinary activities.

HEART OF STONE LIMITED

2. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentTotal
£££
Cost
At 01/04/202343,1101,20044,310
Additions908-908
Disposals(4,000)-(4,000)
At 31/03/202440,0181,20041,218
Depreciation
At 01/04/202313,01036013,370
Disposals(4,000)-(4,000)
For the year4,0004004,400
At 31/03/202413,01076013,770
Net Book Amounts
At 31/03/202427,00844027,448
At 31/03/202330,10084030,940
3. STOCK 20242023
££
Stock comprises:
Stock70,62071,660
70,62071,660
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors1,4954,796
VAT24142
Prepayments1,0921,194
2,6116,132
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax55
Directors current account90,21092,277
Trade creditors3,4065,606
Accruals8,5158,005
102,136105,893

HEART OF STONE LIMITED

6. EMPLOYEES
20242023
No.No.
Average number of employees11
Key management personnel is restricted to that of the director.
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation4,9765,812
4,9765,812
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11
9. OTHER FINANCIAL COMMITMENTS
At 31/03/2024 the company was committed to making the following payments under non-cancellable operating leases:
20242023
££
Operating Leases which expire:
Within one year-1,800
Within two to five years14,381-
10. CONTROLLING PARTY
The company is wholly owned by the director Mr H K Gromadzki.
11. RELATED PARTY TRANSACTIONS
The director Mr H K Gromadzki received a dividend of £ 400 in the year to 31 March 2024 (2023 - £ 900).
12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY
The company is principally involved in the import of stone and the wholesale and retail of stone and stone related products. All sales are in the United Kingdom. Purchases are from both within and outside the United Kingdom.

HEART OF STONE LIMITED

13. GENERAL INFORMATION
Heart of Stone Limited is a private company limited by shares and incorporated in England. Its registered office is Cotsbrook Farm, Higford, Near Shifnal, Telford, Shropshire, TF11 9ES.
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company.