Registered number
09305033
Specialised York Stone Supplies Limited
Filleted Accounts
for the year ended 30 November 2024
Specialised York Stone Supplies Limited
Registered number: 09305033
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 104,111 86,887
Current assets
Debtors 4 40,156 113,401
Cash at bank and in hand 110,662 19,558
150,818 132,959
Creditors: amounts falling due within one year 5 (105,142) (59,047)
Net current assets/(liabilities) 45,676 73,912
Total assets less current liabilities 149,787 160,799
Creditors: amounts falling due after more than one year 8 (17,577) (18,225)
Net assets 132,210 142,574
Capital and reserves
Called up share capital 100 100
Profit and loss account 132,110 142,474
Shareholder's funds 132,210 142,574
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Colin Anthony John Collier
Director
Approved by the board on 18 March 2025
Specialised York Stone Supplies Limited
Notes to the Accounts
for the year ended 30 November 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:
Motor vehicle Over 5 years
Plant and machinery Over 5 years
Fixtures & fittings Over 1 year
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicle Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 1 December 2023 53,767 74,415 15,779 143,961
Additions 58,600 4,077 - 62,677
At 30 November 2024 112,367 78,492 15,779 206,638
Depreciation
At 1 December 2023 30,424 19,083 7,567 57,074
Charge for the year 21,543 15,698 8,212 45,453
At 30 November 2024 51,967 34,781 15,779 102,527
Net book value
At 30 November 2024 60,400 43,711 - 104,111
At 30 November 2023 23,343 55,332 8,212 86,887
4 Debtors 2024 2023
£ £
Trade debtors 40,156 110,273
Other debtors - 3,128
40,156 113,401
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 23,043 17,564
Accrual 4,500 900
Bank loans and overdrafts - 10,000
Director's account 189 (2,355)
Corporation tax 12,814 20,779
VAT 31,892 12,159
Hire purchase 32,704 -
105,142 59,047
6 Profit and loss account 2024
£
At 1 Dec 2023 142,474
Profit/(loss) for the year 14,133
Dividends (24,500)
At 30 Nov 2024 132,110
7 Dividends 2024 2023
£ £
Dividends for which the company became liable during the year:
Dividends paid 24,500 10,000
24,500 10,000
8 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,577 18,225
9 Related party transactions
Included within the creditors at the year end is £189 (2023 (£2,355)) due to Mr C A Collier, the company director. During the period the company paid £32,180 of expenses on behalf of the director and the director introduced £34,724.
10 Controlling party
The ultimate controlling party is the sole director Mr C A J Collier.
11 Other information
Specialised York Stone Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1, Dikes Barn Farm
Burnley Road
Bacup
Lancashire
OL13 8RQ
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