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REGISTERED NUMBER: 02680267 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

Stonewoods Limited

Stonewoods Limited (Registered number: 02680267)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Stonewoods Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M Rust
A Baker





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 02680267 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Stonewoods Limited (Registered number: 02680267)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 25,307 28,486

CURRENT ASSETS
Inventories 260,000 265,000
Debtors 5 81,209 142,422
Cash at bank and in hand 159,474 162,948
500,683 570,370
CREDITORS
Amounts falling due within one year 6 (230,206 ) (208,714 )
NET CURRENT ASSETS 270,477 361,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,784

390,142

CREDITORS
Amounts falling due after more than one
year

7

(61,253

)

(91,200

)

PROVISIONS FOR LIABILITIES (6,059 ) (5,164 )
NET ASSETS 228,472 293,778

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 228,371 293,677
SHAREHOLDERS' FUNDS 228,472 293,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





A Baker - Director


Stonewoods Limited (Registered number: 02680267)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Stonewoods 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 presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

Stonewoods Limited (Registered number: 02680267)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. PROPERTY, PLANT AND EQUIPMENT
Short Plant & Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 May 2023 2,949 21,626 28,831 53,406
Additions - 1,120 - 1,120
At 30 April 2024 2,949 22,746 28,831 54,526
DEPRECIATION
At 1 May 2023 2,949 7,071 14,900 24,920
Charge for year - 2,210 2,089 4,299
At 30 April 2024 2,949 9,281 16,989 29,219
NET BOOK VALUE
At 30 April 2024 - 13,465 11,842 25,307
At 30 April 2023 - 14,555 13,931 28,486

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 70,762 124,681
Tax - 8,204
Prepayments & accrued income 9,178 8,268
79,940 141,153

Amounts falling due after more than one year:
Rent deposit 1,269 1,269

Aggregate amounts 81,209 142,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,393 28,140
Trade creditors 65,557 71,188
Social security & other taxes 23,312 23,611
Value added tax 28,294 12,547
Other creditors 53,756 46,189
Directors' current accounts 26,895 23,139
Accruals & deferred income 3,999 3,900
230,206 208,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 61,253 76,061
Bank loans more 5 yr by instal - 15,139
61,253 91,200

Stonewoods Limited (Registered number: 02680267)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 15,139