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STONELEA BUSINESS DEVELOPMENT LIMITED

Registered Number
14500214
(England and Wales)

Unaudited Financial Statements for the Period ended
30 September 2024

STONELEA BUSINESS DEVELOPMENT LIMITED
Company Information
for the period from 1 April 2023 to 30 September 2024

Directors

COURTNEY, Gillian
COURTNEY, William Beck Barton

Registered Address

130 Bondicar Terrace
Blyth
NE24 2JZ

Registered Number

14500214 (England and Wales)
STONELEA BUSINESS DEVELOPMENT LIMITED
Balance Sheet as at
30 September 2024

Notes

30 Sep 2024

31 Mar 2023

£

£

£

£

Called up share capital not paid100100
Fixed assets
Tangible assets34,646-
4,646-
Current assets
Debtors413,631-
Cash at bank and on hand60,320-
73,951-
Creditors amounts falling due within one year5(46,963)-
Net current assets (liabilities)27,088100
Total assets less current liabilities31,734100
Net assets31,734100
Capital and reserves
Called up share capital100100
Profit and loss account31,634-
Shareholders' funds31,734100
The financial statements were approved and authorised for issue by the Board of Directors on 20 January 2025, and are signed on its behalf by:
COURTNEY, Gillian
Director
Registered Company No. 14500214
STONELEA BUSINESS DEVELOPMENT LIMITED
Notes to the Financial Statements
for the period ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Office Equipment5
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
Additions3,9862,4946,480
At 30 September 243,9862,4946,480
Depreciation and impairment
Charge for year1,1966381,834
At 30 September 241,1966381,834
Net book value
At 30 September 242,7901,8564,646
At 31 March 23---
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,600-
Other debtors1,031-
Total13,631-
5.Creditors: amounts due within one year

2024

2023

££
Amounts owed to related parties13,318-
Taxation and social security32,580-
Other creditors1,065-
Total46,963-
6.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.