Registered number
13486856
Established Stone Limited
Filleted Accounts
31 July 2024
Established Stone Limited
Registered number: 13486856
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,241 9,332
Current assets
Debtors 4 18,569 25,914
Cash at bank and in hand 30,498 21,680
49,067 47,594
Creditors: amounts falling due within one year 5 (20,460) (19,970)
Net current assets 28,607 27,624
Total assets less current liabilities 34,848 36,956
Creditors: amounts falling due after more than one year 6 (8,170) (7,880)
Net assets 26,678 29,076
Capital and reserves
Called up share capital 100 100
Profit and loss account 26,578 28,976
Shareholders' funds 26,678 29,076
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mat Millen
Director
Approved by the board on 29 January 2025
Established Stone Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Motor vehicles over 3 years
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.
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.
Provisions
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 - 10,650 10,650
Additions 612 - 612
At 31 July 2024 612 10,650 11,262
Depreciation
At 1 August 2023 - 1,318 1,318
Charge for the year 153 3,550 3,703
At 31 July 2024 153 4,868 5,021
Net book value
At 31 July 2024 459 5,782 6,241
At 31 July 2023 - 9,332 9,332
4 Debtors 2024 2023
£ £
Trade debtors 18,569 9,898
Other debtors - 16,016
18,569 25,914
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 18,918 18,262
Other creditors 1,542 1,708
20,460 19,970
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 8,170 7,880
7 Other information
Established Stone Limited is a private company limited by shares and incorporated in England. Its registered office is:
Richmond House
38 High Street
Hurstpierpoint
West Sussex
BN6 9RG
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