Acorah Software Products - Accounts Production 16.1.300 false true 30 November 2022 1 December 2021 false 1 December 2022 31 March 2024 31 March 2024 SC350718 Mr Angel Hernandez Ms Alicia Hernandez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC350718 2022-11-30 SC350718 2024-03-31 SC350718 2022-12-01 2024-03-31 SC350718 frs-core:CurrentFinancialInstruments 2024-03-31 SC350718 frs-core:Non-currentFinancialInstruments 2024-03-31 SC350718 frs-core:MotorVehicles 2024-03-31 SC350718 frs-core:MotorVehicles 2022-12-01 2024-03-31 SC350718 frs-core:MotorVehicles 2022-11-30 SC350718 frs-core:PlantMachinery 2024-03-31 SC350718 frs-core:PlantMachinery 2022-12-01 2024-03-31 SC350718 frs-core:PlantMachinery 2022-11-30 SC350718 frs-core:ShareCapital 2024-03-31 SC350718 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC350718 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2024-03-31 SC350718 frs-bus:FilletedAccounts 2022-12-01 2024-03-31 SC350718 frs-bus:SmallEntities 2022-12-01 2024-03-31 SC350718 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2024-03-31 SC350718 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-03-31 SC350718 frs-bus:Director1 2022-12-01 2024-03-31 SC350718 frs-bus:Director2 2022-12-01 2024-03-31 SC350718 frs-countries:Scotland 2022-12-01 2024-03-31 SC350718 2021-11-30 SC350718 2022-11-30 SC350718 2021-12-01 2022-11-30 SC350718 frs-core:CurrentFinancialInstruments 2022-11-30 SC350718 frs-core:Non-currentFinancialInstruments 2022-11-30 SC350718 frs-core:ShareCapital 2022-11-30 SC350718 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: SC350718
Stone Features Direct Limited
Financial Statements
For the Period 1 December 2022 to 31 March 2024
A&A Accounting Limited
1037 Sauchiehall Street
Glasgow
G3 7TZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC350718
31 March 2024 30 November 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 535,677 150,058
535,677 150,058
CURRENT ASSETS
Stocks 5 307,500 163,280
Debtors 6 157,544 105,640
Cash at bank and in hand 269,910 197,627
734,954 466,547
Creditors: Amounts Falling Due Within One Year 7 (241,980 ) (304,343 )
NET CURRENT ASSETS (LIABILITIES) 492,974 162,204
TOTAL ASSETS LESS CURRENT LIABILITIES 1,028,651 312,262
Creditors: Amounts Falling Due After More Than One Year 8 (390,561 ) (85,092 )
NET ASSETS 638,090 227,170
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 637,990 227,070
SHAREHOLDERS' FUNDS 638,090 227,170
Page 1
Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Angel Hernandez
Director
20/03/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stone Features Direct Limited is a private company, limited by shares, incorporated in Scotland, registered number SC350718 . The registered office is 34 Kelvin Avenue, Hillington Park, Glasgow, G52 4LT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10%
Motor Vehicles 10%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2022: 22)
22 22
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2022 268,805 88,194 356,999
Additions 463,771 - 463,771
As at 31 March 2024 732,576 88,194 820,770
Depreciation
As at 1 December 2022 130,941 76,000 206,941
Provided during the period 65,958 12,194 78,152
As at 31 March 2024 196,899 88,194 285,093
Net Book Value
As at 31 March 2024 535,677 - 535,677
As at 1 December 2022 137,864 12,194 150,058
5. Stocks
31 March 2024 30 November 2022
£ £
Stock 307,500 163,280
6. Debtors
31 March 2024 30 November 2022
£ £
Due within one year
Trade debtors 136,201 105,640
Other debtors 21,343 -
157,544 105,640
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 30 November 2022
£ £
Trade creditors 216,440 168,991
Corporation tax - 61,414
Other taxes and social security - 12,777
VAT 25,540 61,161
241,980 304,343
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8. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 30 November 2022
£ £
Bank loans 305,469 -
Amounts owed to associates 85,092 85,092
390,561 85,092
9. Share Capital
31 March 2024 30 November 2022
£ £
Allotted, Called up and fully paid 100 100
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