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REGISTERED NUMBER: 03018506 (England and Wales)















Audited Financial Statements

for the Year Ended 28 February 2024

for

STONE LOGISTICS LIMITED

STONE LOGISTICS LIMITED (REGISTERED NUMBER: 03018506)

Contents of the Financial Statements
for the Year Ended 28 February 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


STONE LOGISTICS LIMITED

Company Information
for the Year Ended 28 February 2024







Directors: D Philp
C Gembalczyk





Secretary: C Gembalczyk





Registered office: Northern Assurance Buildings
9/21 Princess Street
Manchester
M2 4DN





Registered number: 03018506 (England and Wales)





Auditors: CLA Evelyn Partners Limited
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

STONE LOGISTICS LIMITED (REGISTERED NUMBER: 03018506)

Abridged Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 17,353 25,501

Current assets
Debtors 245,984 153,974
Cash at bank 287,311 285,245
533,295 439,219
Creditors
Amounts falling due within one year 457,493 310,233
Net current assets 75,802 128,986
Total assets less current liabilities 93,155 154,487

Provisions for liabilities 4,330 6,090
Net assets 88,825 148,397

Capital and reserves
Called up share capital 6 1,000 1,000
Retained earnings 87,825 147,397
Shareholders' funds 88,825 148,397

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 Balance Sheet for the year ended 28 February 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





C Gembalczyk - Director


STONE LOGISTICS LIMITED (REGISTERED NUMBER: 03018506)

Notes to the Financial Statements
for the Year Ended 28 February 2024


1. Statutory information

Stone Logistics Limited 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.

The company's trading address is Lorne Mill, Lorne Street, Farnworth, Bolton BL4 7LT.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will by definition, seldom equal the actual results. There are no estimates or assumptions which give a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year.

Turnover
Turnover represents the invoiced value of sales of transport services. rental income and processing work, net of value added tax. Transport income is recognised on delivery, rental income is recognised in the month it relates to and processing work is recognised when the item has been picked.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - Straight line over 6 years
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, loans to fellow group companies and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


STONE LOGISTICS LIMITED (REGISTERED NUMBER: 03018506)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
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.

Other income
Other income relates to bank interest receivable and recharges of electricity. They are recognised on the accruals basis.

4. Employees and directors

The average number of employees during the year was 8 (2023 - 9 ) .

5. Tangible fixed assets
Totals
£   
Cost
At 1 March 2023 83,705
Disposals (9,050 )
At 28 February 2024 74,655
Depreciation
At 1 March 2023 58,204
Charge for year 6,992
Eliminated on disposal (7,894 )
At 28 February 2024 57,302
Net book value
At 28 February 2024 17,353
At 28 February 2023 25,501

STONE LOGISTICS LIMITED (REGISTERED NUMBER: 03018506)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024


6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

7. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)
for and on behalf of CLA Evelyn Partners Limited

8. Contingent liabilities

At 29 February 2024 there were contingent liabilities in respect of guarantees covering customs duties. The amount guaranteed is £60,000 (2023 - £60,000)

9. Related party disclosures

Included within debtors is £18,624 (2023 - £15,506) due by group undertakings (not wholly owned subsidiaries).

Included within creditors is £19,725 (2023 - £48,712) due to group undertakings (not wholly owned subsidiaries).