Company Registration No. 06625097 (England and Wales)
Stone Prestige Limited
Unaudited accounts
for the year ended 31 August 2024
Stone Prestige Limited
Unaudited accounts
Contents
Stone Prestige Limited
Company Information
for the year ended 31 August 2024
Director
Jonathan Robert Bull
Company Number
06625097 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
United Kingdom
Accountants
Guida Accountancy Ltd
14 Southwold Crescent
Benfleet
Essex
SS7 5SW
Stone Prestige Limited
Statement of financial position
as at 31 August 2024
Tangible assets
9,547
6,964
Cash at bank and in hand
8,379
4
Creditors: amounts falling due within one year
(74,880)
(81,924)
Net current assets
31,793
36,440
Total assets less current liabilities
41,340
43,404
Creditors: amounts falling due after more than one year
(30,833)
(36,598)
Called up share capital
250
250
Profit and loss account
10,257
6,556
Shareholders' funds
10,507
6,806
For the year ending 31 August 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 4 December 2024 and were signed on its behalf by
Jonathan Robert Bull
Director
Company Registration No. 06625097
Stone Prestige Limited
Notes to the Accounts
for the year ended 31 August 2024
Stone Prestige Limited is a private company, limited by shares, registered in England and Wales, registration number 06625097. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
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:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Stone Prestige Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
3,309
20,590
8,469
32,368
Additions
2,957
-
3,391
6,348
Disposals
(739)
-
(7,177)
(7,916)
At 31 August 2024
5,527
20,590
4,683
30,800
At 1 September 2023
1,285
16,925
7,194
25,404
Charge for the year
1,249
916
706
2,871
On disposals
(739)
-
(6,283)
(7,022)
At 31 August 2024
1,795
17,841
1,617
21,253
At 31 August 2024
3,732
2,749
3,066
9,547
At 31 August 2023
2,024
3,665
1,275
6,964
Amounts falling due within one year
Trade debtors
7,070
20,722
Other debtors
90,519
97,638
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,691
9,160
Obligations under finance leases and hire purchase contracts
2,086
-
Trade creditors
1,417
1,075
Taxes and social security
21,789
43,630
Other creditors
42,367
26,529
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
145
-
Stone Prestige Limited
Notes to the Accounts
for the year ended 31 August 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan account
72,582
-
2,380
70,202
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).