Company registration number 06800022 (England and Wales)
COUNTY STONE HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
COUNTY STONE HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
COUNTY STONE HOLDINGS LIMITED (REGISTERED NUMBER: 06800022)
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
218,778
273,070
Investments
4
2
2
218,780
273,072
Current assets
Debtors
6
83,957
250,159
Cash at bank and in hand
35,419
5,070
119,376
255,229
Creditors: amounts falling due within one year
7
(80,632)
(61,097)
Net current assets
38,744
194,132
Total assets less current liabilities
257,524
467,204
Creditors: amounts falling due after more than one year
8
(76,535)
(120,329)
Provisions for liabilities
(33,489)
(54,726)
Net assets
147,500
292,149
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
147,400
292,049
Total equity
147,500
292,149

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

COUNTY STONE HOLDINGS LIMITED (REGISTERED NUMBER: 06800022)
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 14 February 2025 and are signed on its behalf by:
Ms J Gibson
Director
COUNTY STONE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

County Stone Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 4 & 7 Hooe Farm Ind Estate, Tye Lane, Walberton, West Sussex, BN18 0LU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 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 £1.

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

1.2
Going concern

Atruet 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.

1.3
Turnover

Turnover is recognised 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.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% Straight Line
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% Reducing Balance
COUNTY STONE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
COUNTY STONE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Total
£
£
£
£
Cost
At 1 July 2023
37,634
552,762
2,551
592,947
Additions
-
0
6,851
-
0
6,851
At 30 June 2024
37,634
559,613
2,551
599,798
Depreciation and impairment
At 1 July 2023
1,039
318,838
-
0
319,877
Depreciation charged in the year
1,882
58,623
638
61,143
At 30 June 2024
2,921
377,461
638
381,020
Carrying amount
At 30 June 2024
34,713
182,152
1,913
218,778
At 30 June 2023
36,595
233,924
2,551
273,070
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
2
2
5
Subsidiaries

Details of the company's subsidiaries at 30 June 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
County Stone Granite Limited
Units 4 & 7 Hooe Farm Industrial Estate Tye Lane Walberton Arundel BN18 OLU
Ordinary
100.00
County Stone Limited
Units 4 & 7 Hooe Farm Industrial Estate Tye Lane Walberton Arundel BN18 OLU
Ordianry
100.00
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
83,957
246,862
Other debtors
-
0
3,297
83,957
250,159
COUNTY STONE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,043
6,281
Taxation and social security
24,093
9,217
Other creditors
50,496
45,599
80,632
61,097
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
76,535
120,329
9
Finance lease obligations
2024
2023
Future minimum lease payments due under finance leases:
£
£
Within one year
50,645
45,308
In two to five years
76,535
120,329
127,180
165,637
10
Related party transactions

During the year the company sold services totalling Nil (2023: £157,740) to a subsidiary company. At the year end, the company was owed Nil (2023: £129,478) by a subsidiary company.

 

During the year the company sold services totalling £215,580 (2023: £76,540) to a subsidiary company. At the year end, the company was owed £83,957 (2023: £117,384) to a subsidiary company.

 

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