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REGISTERED NUMBER: 09012129 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sutton Stone & Ceramics Ltd

Sutton Stone & Ceramics Ltd (Registered number: 09012129)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountant's Report 9

Sutton Stone & Ceramics Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: G Hughes
T E Willmore





REGISTERED OFFICE: Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN





REGISTERED NUMBER: 09012129 (England and Wales)





ACCOUNTANT: Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN

Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,666 39,219
31,666 39,219

CURRENT ASSETS
Stocks 6 7,500 7,500
Debtors 7 209,934 179,426
Cash at bank and in hand 6,718 10,741
224,152 197,667
CREDITORS
Amounts falling due within one year 8 190,438 190,997
NET CURRENT ASSETS 33,714 6,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,380

45,889

CREDITORS
Amounts falling due after more than one
year

9

(11,846

)

(19,641

)

PROVISIONS FOR LIABILITIES 10 (4,329 ) (4,551 )
NET ASSETS 49,205 21,697

Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Statement of Financial Position - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 4 4
Retained earnings 49,201 21,693
SHAREHOLDERS' FUNDS 49,205 21,697

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





G Hughes - Director


Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sutton Stone & Ceramics 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at variable rates on reducing balance

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

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 statement of financial position date.


Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 50,000
AMORTISATION
At 1 May 2023
and 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 25,582 4,065 35,824 65,471
Additions 2,647 - - 2,647
At 30 April 2024 28,229 4,065 35,824 68,118
DEPRECIATION
At 1 May 2023 3,362 3,522 19,368 26,252
Charge for year 5,491 136 4,573 10,200
At 30 April 2024 8,853 3,658 23,941 36,452
NET BOOK VALUE
At 30 April 2024 19,376 407 11,883 31,666
At 30 April 2023 22,220 543 16,456 39,219

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 35,824
DEPRECIATION
At 1 May 2023 19,368
Charge for year 4,573
At 30 April 2024 23,941
NET BOOK VALUE
At 30 April 2024 11,883
At 30 April 2023 16,456

6. STOCKS
30.4.24 30.4.23
£    £   
Finished goods 7,500 7,500

Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 171,748 142,730
Other debtors 10,949 3,400
VAT 27,237 33,296
209,934 179,426

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 21,667 31,797
Hire purchase contracts 9,306 9,306
Trade creditors 90,434 88,268
Tax 62,371 41,444
Social security and other taxes 86 2,437
Other creditors 6,125 15,449
Directors' current accounts 449 2,296
190,438 190,997

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 11,846 19,641

10. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 4,329 4,551

Deferred
tax
£   
Balance at 1 May 2023 4,551
Provided during year (222 )
Balance at 30 April 2024 4,329

Sutton Stone & Ceramics Ltd (Registered number: 09012129)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary 2 2 2
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
4 4

Chartered Accountant's Report to the Board of Directors
on the Unaudited Financial Statements of
Sutton Stone & Ceramics Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Sutton Stone & Ceramics Ltd for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sutton Stone & Ceramics Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Sutton Stone & Ceramics Ltd and state those matters that I have agreed to state to the Board of Directors of Sutton Stone & Ceramics Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Sutton Stone & Ceramics Ltd and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Sutton Stone & Ceramics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sutton Stone & Ceramics Ltd. You consider that Sutton Stone & Ceramics Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Sutton Stone & Ceramics Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Groucott Moor Limited
Lombard House
Cross Keys
Lichfield
Staffordshire
WS13 6DN


5 September 2024