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REGISTERED NUMBER: 00635602 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st August 2024

for

POWELL JONES (STONE DISTRIBUTORS) LTD

POWELL JONES (STONE DISTRIBUTORS) LTD (REGISTERED NUMBER: 00635602)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


POWELL JONES (STONE DISTRIBUTORS) LTD

Company Information
for the Year Ended 31st August 2024







DIRECTORS: G A G Smith
J A Ferrigno





SECRETARY: Mrs C A Smith





REGISTERED OFFICE: 53 Ferringham Lane
Ferring
Worthing
West Sussex
BN12 5NU





REGISTERED NUMBER: 00635602 (England and Wales)





ACCOUNTANTS: MastersFuller
Chartered Certified Accountants
38 Salisbury Road
Worthing
West Sussex
BN11 1RD

POWELL JONES (STONE DISTRIBUTORS) LTD (REGISTERED NUMBER: 00635602)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,744 4,950

CURRENT ASSETS
Debtors 5 97,665 67,615
Cash at bank and in hand 388,816 399,465
486,481 467,080
CREDITORS
Amounts falling due within one year 6 101,228 52,697
NET CURRENT ASSETS 385,253 414,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

388,997

419,333

CAPITAL AND RESERVES
Called up share capital 2 2
Capital redemption reserve 3,998 3,998
Other reserves 579 579
Retained earnings 384,418 414,754
SHAREHOLDERS' FUNDS 388,997 419,333

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 4th November 2024 and were signed on its behalf by:




G A G Smith - Director


POWELL JONES (STONE DISTRIBUTORS) LTD (REGISTERED NUMBER: 00635602)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Powell Jones (Stone Distributors) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment & fittings - 15% on reducing balance or 33% on cost
Motor vehicles - 25% on reducing balance

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 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.

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 NIL (2023 - NIL).

POWELL JONES (STONE DISTRIBUTORS) LTD (REGISTERED NUMBER: 00635602)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024

4. TANGIBLE FIXED ASSETS
Office
equipment Motor
& fittings vehicles Totals
£    £    £   
COST
At 1st September 2023
and 31st August 2024 11,181 23,400 34,581
DEPRECIATION
At 1st September 2023 10,858 18,773 29,631
Charge for year 49 1,157 1,206
At 31st August 2024 10,907 19,930 30,837
NET BOOK VALUE
At 31st August 2024 274 3,470 3,744
At 31st August 2023 323 4,627 4,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,446 66,627
Prepayments 1,219 988
97,665 67,615

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,751 36,326
Corporation tax reserve - 3,398
VAT 13,057 8,673
Accrued expenses 56,420 4,300
101,228 52,697