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REGISTERED NUMBER: 07134005 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Sheffield Coated Stone Limited

Sheffield Coated Stone Limited (Registered number: 07134005)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheffield Coated Stone Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr W J Corker
Mr J H Corker
Mrs D E Corker
Mr J A Hogan
Mr V Evans
Mr K Hogan





REGISTERED OFFICE: Woodside Depot
Rutland Street
Sheffield
S3 9PA





REGISTERED NUMBER: 07134005 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Sheffield Coated Stone Limited (Registered number: 07134005)

Balance Sheet
31 January 2025

2025 2024
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,722,549 1,839,950

CURRENT ASSETS
Stocks 80,000 60,000
Debtors 5 551,913 440,947
Cash at bank and in hand 133,812 19,550
765,725 520,497
CREDITORS
Amounts falling due within one year 6 1,735,092 2,002,801
NET CURRENT LIABILITIES (969,367 ) (1,482,304 )
TOTAL ASSETS LESS CURRENT LIABILITIES 753,182 357,646

CREDITORS
Amounts falling due after more than one year 7 (749,863 ) (493,021 )

PROVISIONS FOR LIABILITIES (290,255 ) -
NET LIABILITIES (286,936 ) (135,375 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (287,036 ) (135,475 )
SHAREHOLDERS' FUNDS (286,936 ) (135,375 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Sheffield Coated Stone Limited (Registered number: 07134005)

Balance Sheet - continued
31 January 2025


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 30 April 2025 and were signed on its behalf by:





Mr J H Corker - Director


Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Sheffield Coated Stone 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.

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
Turnover 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 and machinery - 15% on reducing balance and 4% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These financial statements have been prepared on the going concern basis.

The directors are confident the business will be profitable going forwards and return to a net asset position. The company has positive cashflow and the directors believe it is able to pay its debt as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 February 2024 2,072,731 8,935 164,619 6,180 2,252,465
Additions 3,750 1,165 10,000 691 15,606
At 31 January 2025 2,076,481 10,100 174,619 6,871 2,268,071
DEPRECIATION
At 1 February 2024 349,594 635 59,405 2,881 412,515
Charge for year 114,983 1,336 16,159 529 133,007
At 31 January 2025 464,577 1,971 75,564 3,410 545,522
NET BOOK VALUE
At 31 January 2025 1,611,904 8,129 99,055 3,461 1,722,549
At 31 January 2024 1,723,137 8,300 105,214 3,299 1,839,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 471,637 361,930
Other debtors 80,276 79,017
551,913 440,947

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts (see note 8) 10,699 283,228
Trade creditors 390,071 476,554
Amounts owed to associates 816,053 843,431
Taxation and social security 40,568 43,032
Other creditors 472,145 351,000
1,735,092 2,002,801

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans 24,075 29,631
Hire purchase contracts (see note 8) 35,208 463,390
Other creditors 690,580 -
749,863 493,021

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,852 7,408

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2025 2024
£ £
Net obligations repayable:
Within one year 10,699 283,228
Between one and five years 35,208 463,390
45,907 746,618

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

8. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2025 2024
£ £
Within one year 35,000 35,000
Between one and five years 151,250 146,250
In more than five years 335,000 375,000
521,250 556,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 29,631 35,187
Hire purchase contracts 45,907 746,618
75,538 781,805

Included in bank loans is the amount borrowed under the Government's Bounce Back Loan scheme. The amount is repayable by installments with interest charged at 2.5% monthly. The Government acts as guarantor to the lender of this loan.

The hire purchase contracts are secured against the assets to which they relate to. The contracts are payable by monthly instalments over their individual periods, with the longest current contract set to be fully repaid by August 2028. Interest is charged on a monthly basis for each contract individually.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £ £
100 Ordinary £1 100 100

Sheffield Coated Stone Limited (Registered number: 07134005)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£ £
Mr J H Corker and Mrs D E Corker
Balance outstanding at start of year (11,931 ) (99,500 )
Amounts advanced 159,196 381,316
Amounts repaid (89,783 ) (293,747 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,482 (11,931 )

The balance is repayable on demand with interest being charged at the official HMRC rate.

12. RELATED PARTY DISCLOSURES

Aspengold Limited
Aspengold Limited held an investment in the company during part of the year. The balance from 2024 (£843,431) which was owed to Aspengold Limited has been repaid in full during the year.

Corker Properties Limited
Corker Properties Limited is a company which was under the control of the directors in previous years and for part of this year. The balance from 2024 (£65,084) which was owed from Corker Properties Limited has been repaid in full during the year.

Hogan (Holdings) Limited
Hogan (Holdings) Limited holds an investment in the company. At the year end a balance of £629,998 (2024: £NIL) was owed to Hogan (Holdings) Limited.