Registered number
01155464
W B Victoria Stone Limited
Unaudited Filleted Accounts
30 September 2024
W B Victoria Stone Limited
Registered number: 01155464
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 165,486 81,700
Current assets
Stocks 342,920 315,000
Debtors 4 324,131 420,640
Cash at bank and in hand 252,558 74,081
919,609 809,721
Creditors: amounts falling due within one year 5 (647,490) (501,819)
Net current assets 272,119 307,902
Total assets less current liabilities 437,605 389,602
Creditors: amounts falling due after more than one year 6 (6,307) (15,975)
Provisions for liabilities (12,308) (11,310)
Net assets 418,990 362,317
Capital and reserves
Called up share capital 100 100
Profit and loss account 418,890 362,217
Shareholder's funds 418,990 362,317
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.
Mr M McMahon
Director
Approved by the board on 19 March 2025
W B Victoria Stone Limited
Notes to the Accounts
for the year ended 30 September 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:
Leasehold improvements over the lease term
Plant, machinery and equipment 15% reducing balance
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 14
3 Tangible fixed assets
Plant and machinery Leasehold Improvements Total
£ £ £
Cost
At 1 October 2023 152,406 59,202 211,608
Additions 11,479 85,678 97,157
At 30 September 2024 163,885 144,880 308,765
Depreciation
At 1 October 2023 106,971 22,937 129,908
Charge for the year 7,451 5,920 13,371
At 30 September 2024 114,422 28,857 143,279
Net book value
At 30 September 2024 49,463 116,023 165,486
At 30 September 2023 45,435 36,265 81,700
4 Debtors 2024 2023
£ £
Trade debtors 121,051 291,620
Amount owed by Director 9,995 9,995
Other debtors 193,085 119,025
324,131 420,640
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,360 14,934
Trade creditors 368,307 198,353
Taxation and social security costs 172,120 233,453
Other creditors 96,703 55,079
647,490 501,819
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,307 15,975
7 Other information
W B Victoria Stone Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Chapman Way
Tunbridge Wells
Kent
TN2 3EF
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