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REGISTERED NUMBER: 12240946 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 May 2024

for

WILD STONE UK LIMITED

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WILD STONE UK LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: T Parker
SB Pearson
S Reddish
R Pearson





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 12240946 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 103,957 3,681
Tangible assets 5 1,145 1,098
105,102 4,779

CURRENT ASSETS
Stocks 156,587 397,661
Debtors 6 312,213 558,175
Cash at bank 4,979 8,785
473,779 964,621
CREDITORS
Amounts falling due within one year 7 (313,247 ) (647,495 )
NET CURRENT ASSETS 160,532 317,126
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,634

321,905

CREDITORS
Amounts falling due after more than one
year

8

(280,000

)

(300,000

)

PROVISIONS FOR LIABILITIES (218 ) (908 )
NET (LIABILITIES)/ASSETS (14,584 ) 20,997

CAPITAL AND RESERVES
Called up share capital 133 133
Retained earnings (14,717 ) 20,864
(14,584 ) 20,997

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Balance Sheet - continued
31 MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





SB Pearson - Director


WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. COMPANY INFORMATION

Wild Stone UK 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 principal business address is 3 Northleigh House, Thorverton Road, Matford Business Park, Exeter, EX2 8HF.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover
Turnover represents amounts chargeable in respect of the sale of goods to customers, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Certification
Certification has not been granted during the year and as such these costs have not been depreciated.

The expected life expectancy of the certification asset once granted will be seven years.

Computer software
Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings 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 payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

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.

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pensions
The company operates a defined contribution pension scheme for staff and one director. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2023 4,750
Additions 100,751
At 31 May 2024 105,501
AMORTISATION
At 1 June 2023 1,069
Charge for year 475
At 31 May 2024 1,544
NET BOOK VALUE
At 31 May 2024 103,957
At 31 May 2023 3,681

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 1,581
Additions 725
At 31 May 2024 2,306
DEPRECIATION
At 1 June 2023 483
Charge for year 678
At 31 May 2024 1,161
NET BOOK VALUE
At 31 May 2024 1,145
At 31 May 2023 1,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 270,415 156,089
Amounts owed by group undertakings 12,375 365,870
Other debtors 29,423 36,216
312,213 558,175

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 47,088 96,370
Amounts owed to group undertakings 11,775 357,970
Taxation and social security 53,187 59,234
Other creditors 201,197 133,921
313,247 647,495

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 280,000 300,000

WILD STONE UK LIMITED (REGISTERED NUMBER: 12240946)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 27,445 21,445
Between one and five years 37,961 35,406
65,406 56,851

10. SECURED DEBTS

There is a fixed and floating charge with RBS Invoice Finance Ltd over all the assets and undertakings of the company.

11. RELATED PARTY DISCLOSURES

Parent company

Included in creditors within one year is a loan with the parent company of £11,775 (2023 £357,970). The loan is interest free and repayable on demand.

Fellow subsidiary companies

Included in debtors within one year are loans with the subsidiary companies totalling £12,375 (2023 £365,870). The loan are interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The parent entity is Consilium CXXI Holdings Ltd, a company registered in England and Wales. It's registered office is 3 Southernhay West, Exeter, EX1 1JG.

There is no ultimate controlling entity.