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Company Registration No. 11805722 (England and Wales)
STONESBRIDGE LTD Unaudited accounts for the year ended 29 February 2024
STONESBRIDGE LTD Unaudited accounts Contents
Page
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STONESBRIDGE LTD Company Information for the year ended 29 February 2024
Director
Adeniyi Aderibigbe
Secretary
Adeniyi Aderibigbe
Company Number
11805722 (England and Wales)
Registered Office
152-160 Kemp House City Road London EC1V 2NX
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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STONESBRIDGE LTD Accountants' report
Accountants' report to the director of STONESBRIDGE LTD on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of STONESBRIDGE LTD for the year ended 29 February 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of STONESBRIDGE LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of STONESBRIDGE LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STONESBRIDGE LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that STONESBRIDGE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of STONESBRIDGE LTD. You consider that STONESBRIDGE LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of STONESBRIDGE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 29 November 2024
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STONESBRIDGE LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
994 
994 
Current assets
Debtors
2,195 
2,195 
Creditors: amounts falling due within one year
(966)
(966)
Net current assets
1,229 
1,229 
Net assets
2,223 
2,223 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
2,222 
2,222 
Shareholders' funds
2,223 
2,223 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 29 November 2024 and were signed on its behalf by
Adeniyi Aderibigbe Director Company Registration No. 11805722
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STONESBRIDGE LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
STONESBRIDGE LTD is a private company, limited by shares, registered in England and Wales, registration number 11805722. The registered office is 152-160 Kemp House, City Road, London, EC1V 2NX.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10
Computer equipment
25
Other tangible fixed assets
20
Going concern
The board of director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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STONESBRIDGE LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
400 
1,590 
1,990 
At 29 February 2024
400 
1,590 
1,990 
Depreciation
At 1 March 2023
108 
888 
996 
At 29 February 2024
108 
888 
996 
Net book value
At 29 February 2024
292 
702 
994 
At 28 February 2023
292 
702 
994 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,195 
2,195 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
21 
21 
Other creditors
445 
445 
Accruals
500 
500 
966 
966 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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