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REGISTERED NUMBER: 13210220 (England and Wales)















Trade Stone Factory Ltd

Abridged Unaudited Financial Statements

for the Year Ended 29 February 2024






Trade Stone Factory Ltd (Registered number: 13210220)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Trade Stone Factory Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr R K Dunkley





REGISTERED OFFICE: 25a High Street
Daventry
United Kingdom
Northamptonshire
NN11 4BG





REGISTERED NUMBER: 13210220 (England and Wales)





ACCOUNTANTS: Vanmali & Co Ltd
Chartered Certified Accountants
25A High Street
Daventry
Northamptonshire
NN11 4BG

Trade Stone Factory Ltd (Registered number: 13210220)

Abridged Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,394 99,150

CURRENT ASSETS
Stocks 113,100 60,841
Debtors 74,916 45,120
188,016 105,961
CREDITORS
Amounts falling due within one year 296,370 204,932
NET CURRENT LIABILITIES (108,354 ) (98,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,960

)

179

CREDITORS
Amounts falling due after more than one
year

(21,307

)

(30,483

)

PROVISIONS FOR LIABILITIES (6,727 ) (6,727 )
NET LIABILITIES (56,994 ) (37,031 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (57,094 ) (37,131 )
SHAREHOLDERS' FUNDS (56,994 ) (37,031 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Trade Stone Factory Ltd (Registered number: 13210220)

Abridged Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 29 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2024 and were signed by:





Mr R K Dunkley - Director


Trade Stone Factory Ltd (Registered number: 13210220)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Trade Stone Factory 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on cost and 15% on reducing balance

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 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.

Trade Stone Factory Ltd (Registered number: 13210220)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

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 7 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 136,005
Additions 825
At 29 February 2024 136,830
DEPRECIATION
At 1 March 2023 36,855
Charge for year 20,581
At 29 February 2024 57,436
NET BOOK VALUE
At 29 February 2024 79,394
At 28 February 2023 99,150

Trade Stone Factory Ltd (Registered number: 13210220)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 March 2023
and 29 February 2024 77,600
DEPRECIATION
At 1 March 2023 16,470
Charge for year 5,592
At 29 February 2024 22,062
NET BOOK VALUE
At 29 February 2024 55,538
At 28 February 2023 61,130