STONES TRADERS LIMITED
Registered number: 03931687
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,694 11,765
Current assets
Stocks 265,000 265,000
Debtors 4 28,003 45,735
Cash at bank and in hand 221,583 192,359
514,586 503,094
Creditors: amounts falling due within one year 5 (394,156) (395,956)
Net current assets 120,430 107,138
Total assets less current liabilities 132,124 118,903
Creditors: amounts falling due after more than one year 6 (45,892) (42,865)
Net assets 86,232 76,038
Capital and reserves
Called up share capital 100 100
Share premium 35,000 35,000
Profit and loss account 51,132 40,938
Shareholders' funds 86,232 76,038
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.
MR.S.YILDIZ
Director
Approved by the board on 15 December 2024
STONES TRADERS LIMITED
Notes to the Accounts
for the year ended 30 April 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.
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:
Plant and machinery over 5 years 20% reducing bal
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 11,458 18,828 30,286
At 30 April 2024 11,458 18,828 30,286
Depreciation
At 1 May 2023 - 18,521 18,521
Charge for the year - 71 71
At 30 April 2024 - 18,592 18,592
Net book value
At 30 April 2024 11,458 236 11,694
At 30 April 2023 11,458 307 11,765
4 Debtors 2024 2023
£ £
Prepaid charges - 27,000
Other debtors 28,003 18,735
28,003 45,735
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 10,670
Trade creditors 341,281 345,465
Corporation tax 17,040 17,140
Other taxes and social security costs 35,835 22,681
394,156 395,956
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 42,865
Other creditors 45,892 -
45,892 42,865
7 Other information
STONES TRADERS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
47 Tottenham Court Road
London
England
W1T 2EE
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