6 6 Interior Stone Designs Limited 04829828 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is the design and production of stone for incorporation into furniture Digita Accounts Production Advanced 6.30.9574.0 true true 04829828 2023-08-01 2024-07-31 04829828 2024-07-31 04829828 core:RetainedEarningsAccumulatedLosses 2024-07-31 04829828 core:ShareCapital 2024-07-31 04829828 core:CurrentFinancialInstruments 2024-07-31 04829828 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 04829828 core:FurnitureFittings 2024-07-31 04829828 core:LandBuildings core:ShortLeaseholdAssets 2024-07-31 04829828 core:MotorVehicles 2024-07-31 04829828 core:OfficeEquipment 2024-07-31 04829828 core:PlantMachinery 2024-07-31 04829828 bus:SmallEntities 2023-08-01 2024-07-31 04829828 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04829828 bus:FilletedAccounts 2023-08-01 2024-07-31 04829828 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04829828 bus:RegisteredOffice 2023-08-01 2024-07-31 04829828 bus:Director1 2023-08-01 2024-07-31 04829828 bus:Director2 2023-08-01 2024-07-31 04829828 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04829828 bus:Agent1 2023-08-01 2024-07-31 04829828 core:FurnitureFittings 2023-08-01 2024-07-31 04829828 core:LandBuildings core:ShortLeaseholdAssets 2023-08-01 2024-07-31 04829828 core:MotorVehicles 2023-08-01 2024-07-31 04829828 core:OfficeEquipment 2023-08-01 2024-07-31 04829828 core:PlantMachinery 2023-08-01 2024-07-31 04829828 countries:AllCountries 2023-08-01 2024-07-31 04829828 2023-07-31 04829828 core:FurnitureFittings 2023-07-31 04829828 core:LandBuildings core:ShortLeaseholdAssets 2023-07-31 04829828 core:MotorVehicles 2023-07-31 04829828 core:OfficeEquipment 2023-07-31 04829828 core:PlantMachinery 2023-07-31 04829828 2022-08-01 2023-07-31 04829828 2023-07-31 04829828 core:RetainedEarningsAccumulatedLosses 2023-07-31 04829828 core:ShareCapital 2023-07-31 04829828 core:CurrentFinancialInstruments 2023-07-31 04829828 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 04829828 core:FurnitureFittings 2023-07-31 04829828 core:LandBuildings core:ShortLeaseholdAssets 2023-07-31 04829828 core:MotorVehicles 2023-07-31 04829828 core:OfficeEquipment 2023-07-31 04829828 core:PlantMachinery 2023-07-31 xbrli:pure iso4217:GBP

Registration number: 04829828

Interior Stone Designs Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Company Information

Directors

Mr R S Pearce

Mr A J Pearce

Registered office

Stoneygate House
2 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Accountants

V&A Vigar Group Ltd
Chartered Accountants and Chartered Tax AdvisersPO Box 270
Holmfirth
HD9 9EL

 

(Registration number: 04829828)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

393,518

426,697

Current assets

 

Stocks

65,500

65,100

Debtors

158,980

60,425

Cash at bank and in hand

 

619,161

553,958

 

843,641

679,483

Creditors: Amounts falling due within one year

(160,244)

(119,607)

Net current assets

 

683,397

559,876

Total assets less current liabilities

 

1,076,915

986,573

Provisions for liabilities

(97,771)

(91,524)

Net assets

 

979,144

895,049

Capital and reserves

 

Called up share capital

6

6

Retained earnings

979,138

895,043

Shareholders' funds

 

979,144

895,049

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

(Registration number: 04829828)
Balance Sheet as at 31 July 2024

Approved and authorised by the Board on 26 February 2025 and signed on its behalf by:
 

.........................................
Mr R S Pearce
Director

.........................................
Mr A J Pearce
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Stoneygate House
2 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT
England

The principal place of business is:
Royd Street Mills
Royd Street
Milnsbridge
Huddersfield
HD3 4QY

These financial statements were authorised for issue by the Board on 26 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

15% straight line

Motor vehicles

25% straight line

Fixtures & fittings

15% straight line

Office equipment

15% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 6).

 

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Short leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

10,650

4,153

817,345

12,366

213,051

1,057,565

Additions

-

-

-

1,832

68,420

70,252

Disposals

-

-

-

-

(19,588)

(19,588)

At 31 July 2024

10,650

4,153

817,345

14,198

261,883

1,108,229

Depreciation

At 1 August 2023

2,396

2,374

508,519

7,094

110,485

630,868

Charge for the year

1,065

361

54,778

2,035

42,650

100,889

Eliminated on disposal

-

-

-

-

(17,046)

(17,046)

At 31 July 2024

3,461

2,735

563,297

9,129

136,089

714,711

Carrying amount

At 31 July 2024

7,189

1,418

254,048

5,069

125,794

393,518

At 31 July 2023

8,254

1,779

308,826

5,272

102,566

426,697

Included within the net book value of land and buildings above is £7,189 (2023 - £8,254) in respect of short leasehold land and buildings.