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Company Registration No. 6544534 (England and Wales)
Stoneletters Limited Unaudited accounts for the year ended 31 March 2024
Stoneletters Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
3,639 
8,005 
Tangible assets
29,619 
30,704 
33,258 
38,709 
Current assets
Inventories
5,000 
12,500 
Debtors
13,867 
32,478 
Cash at bank and in hand
252,994 
179,475 
271,861 
224,453 
Creditors: amounts falling due within one year
(115,283)
(60,975)
Net current assets
156,578 
163,478 
Total assets less current liabilities
189,836 
202,187 
Provisions for liabilities
Deferred tax
(5,960)
(6,917)
Net assets
183,876 
195,270 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
183,776 
195,170 
Shareholders' funds
183,876 
195,270 
For the year ending 31 March 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 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 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 of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Mrs H L Wessel Director Company Registration No. 6544534
- 2 -
Stoneletters Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Stoneletters Limited is a private company, limited by shares, registered in England and Wales, registration number 6544534. The registered office is Spring Cottage, Green Lane, Milton Under Wychwood, Chipping Norton, OX7 6JY, UK.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 3 -
Stoneletters Limited Notes to the Accounts for the year ended 31 March 2024
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
13,100 
At 31 March 2024
13,100 
Amortisation
At 1 April 2023
5,095 
Charge for the year
4,366 
At 31 March 2024
9,461 
Net book value
At 31 March 2024
3,639 
At 31 March 2023
8,005 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
30,000 
24,273 
1,905 
56,178 
Additions
11,169 
- 
499 
11,668 
At 31 March 2024
41,169 
24,273 
2,404 
67,846 
Depreciation
At 1 April 2023
11,250 
13,072 
1,152 
25,474 
Charge for the year
9,129 
3,201 
423 
12,753 
At 31 March 2024
20,379 
16,273 
1,575 
38,227 
Net book value
At 31 March 2024
20,790 
8,000 
829 
29,619 
At 31 March 2023
18,750 
11,201 
753 
30,704 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,098 
32,478 
Accrued income and prepayments
1,769 
- 
13,867 
32,478 
- 4 -
Stoneletters Limited Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,185 
17,986 
Trade creditors
9,098 
513 
Taxes and social security
19,941 
47,843 
Other creditors
462 
2,385 
Loans from directors
83,177 
(9,092)
Accruals
1,420 
1,340 
115,283 
60,975 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
5,960 
6,917 
2024 
2023 
£ 
£ 
Provision at start of year
6,917 
7,583 
Credited to the profit and loss account
(957)
(666)
Provision at end of year
5,960 
6,917 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
45 "A" shares of £1 each
45 
45 
45 "B" shares of £1 each
45 
45 
10 "C" shares of £1 each
10 
10 
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr E F Wessel
F Wessel - Directors Loan account
7,321 
- 
7,321 
- 
Mrs H L Wessel
H Wessel - Directors Loan account
7,321 
- 
7,321 
- 
14,642 
- 
14,642 
- 
11
Controlling party
The ultimate controlling parties are the directors of the company.
12
Average number of employees
During the year the average number of employees was 5 (2023: 6).
- 5 -