Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3023808false162023-05-01falseOther retail sale of new goods in specialised stores (not commercial art galleries and opticians)16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00579757 2023-05-01 2024-04-30 00579757 2022-05-01 2023-04-30 00579757 2024-04-30 00579757 2023-04-30 00579757 c:Director1 2023-05-01 2024-04-30 00579757 d:Buildings 2023-05-01 2024-04-30 00579757 d:Buildings 2024-04-30 00579757 d:Buildings 2023-04-30 00579757 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:Buildings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 00579757 d:Buildings d:LongLeaseholdAssets 2024-04-30 00579757 d:Buildings d:LongLeaseholdAssets 2023-04-30 00579757 d:PlantMachinery 2023-05-01 2024-04-30 00579757 d:PlantMachinery 2024-04-30 00579757 d:PlantMachinery 2023-04-30 00579757 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:MotorVehicles 2023-05-01 2024-04-30 00579757 d:MotorVehicles 2024-04-30 00579757 d:MotorVehicles 2023-04-30 00579757 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:FurnitureFittings 2023-05-01 2024-04-30 00579757 d:FurnitureFittings 2024-04-30 00579757 d:FurnitureFittings 2023-04-30 00579757 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:OfficeEquipment 2023-05-01 2024-04-30 00579757 d:OfficeEquipment 2024-04-30 00579757 d:OfficeEquipment 2023-04-30 00579757 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00579757 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 00579757 d:CurrentFinancialInstruments 2024-04-30 00579757 d:CurrentFinancialInstruments 2023-04-30 00579757 d:Non-currentFinancialInstruments 2024-04-30 00579757 d:Non-currentFinancialInstruments 2023-04-30 00579757 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00579757 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00579757 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 00579757 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 00579757 d:ShareCapital 2024-04-30 00579757 d:ShareCapital 2023-04-30 00579757 d:CapitalRedemptionReserve 2024-04-30 00579757 d:CapitalRedemptionReserve 2023-04-30 00579757 d:RetainedEarningsAccumulatedLosses 2024-04-30 00579757 d:RetainedEarningsAccumulatedLosses 2023-04-30 00579757 c:OrdinaryShareClass1 2023-05-01 2024-04-30 00579757 c:OrdinaryShareClass1 2024-04-30 00579757 c:OrdinaryShareClass1 2023-04-30 00579757 c:OrdinaryShareClass2 2023-05-01 2024-04-30 00579757 c:OrdinaryShareClass2 2024-04-30 00579757 c:OrdinaryShareClass2 2023-04-30 00579757 c:OrdinaryShareClass3 2023-05-01 2024-04-30 00579757 c:OrdinaryShareClass3 2024-04-30 00579757 c:OrdinaryShareClass3 2023-04-30 00579757 c:FRS102 2023-05-01 2024-04-30 00579757 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00579757 c:FullAccounts 2023-05-01 2024-04-30 00579757 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00579757 2 2023-05-01 2024-04-30 00579757 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00579757









STEVEN STONE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
STEVEN STONE LIMITED
REGISTERED NUMBER: 00579757

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
764,261
878,351

  
764,261
878,351

Current assets
  

Stocks
  
394,593
442,355

Debtors: amounts falling due within one year
 5 
242,272
239,338

Cash at bank and in hand
 6 
108,462
341,978

  
745,327
1,023,671

Creditors: amounts falling due within one year
 7 
(945,779)
(672,679)

Net current (liabilities)/assets
  
 
 
(200,452)
 
 
350,992

Total assets less current liabilities
  
563,809
1,229,343

Creditors: amounts falling due after more than one year
 8 
(40,377)
(352,590)

Provisions for liabilities
  

Deferred tax
  
(46,157)
(46,159)

  
 
 
(46,157)
 
 
(46,159)

Net assets
  
477,275
830,594


Capital and reserves
  

Called up share capital 
  
1,330
1,330

Capital redemption reserve
  
1,490
1,490

Profit and loss account
  
474,455
827,774

  
477,275
830,594


Page 1

 
STEVEN STONE LIMITED
REGISTERED NUMBER: 00579757
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Z A Stone
Director

Date: 10 February 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Steven Stone Limited is a private company limited by shares incorporated in England and Wales. The
registered office is 150 Ashley Road, Hale, Altrincham, Cheshire, WA15 9SA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Long-term leasehold property
-
over the life of the lease
Plant and machinery
-
20%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 5

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 6

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.14

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.15

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 16).

Page 7

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings

£
£
£
£
£



Cost or valuation


At 1 May 2023
554,581
250,220
114,824
58,190
666,058



At 30 April 2024

554,581
250,220
114,824
58,190
666,058



Depreciation


At 1 May 2023
77,644
95,766
82,230
14,901
592,244


Charge for the year on owned assets
11,092
23,808
6,519
10,822
11,072


Charge for the year on financed assets
-
-
-
-
-



At 30 April 2024

88,736
119,574
88,749
25,723
603,316



Net book value



At 30 April 2024
465,845
130,646
26,075
32,467
62,742



At 30 April 2023
476,937
154,454
32,594
43,289
73,814
Page 8

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

           4.Tangible fixed assets (continued)


Office equipment
Total

£
£



Cost or valuation


At 1 May 2023
316,305
1,960,178



At 30 April 2024

316,305
1,960,178



Depreciation


At 1 May 2023
219,042
1,081,827


Charge for the year on owned assets
-
63,313


Charge for the year on financed assets
50,777
50,777



At 30 April 2024

269,819
1,195,917



Net book value



At 30 April 2024
46,486
764,261



At 30 April 2023
97,263
878,351


5.


Debtors

2024
2023
£
£


Trade debtors
167,935
201,209

Other debtors
29,905
-

Prepayments and accrued income
44,432
38,129

242,272
239,338


Page 9

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
108,462
341,978

Less: bank overdrafts
-
(2,066)

108,462
339,912



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
197,056
79,589

Trade creditors
200,035
88,545

Other taxation and social security
87,815
139,977

Corporation tax
-
13,341

Other creditors
151,467
1,655

Accruals and deferred income
309,406
347,506

Bank overdrafts
-
2,066

945,779
672,679



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
40,377
352,590

40,377
352,590


Page 10

 
STEVEN STONE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



510 (2023 - 510) Ordinary A of £1 each shares of £1 each
510
510
800 (2023 - 800) Ordinary B of £1 each shares of £1 each
800
800
20 (2023 - 20) Ordinary C of £1 each shares of £1 each
20
20

1,330

1,330


 
Page 11