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Company Registration No. 12388593 (England and Wales)
Stonewall Motors Ltd Unaudited accounts for the year ended 31 December 2024
Stonewall Motors Ltd Unaudited accounts Contents
Page
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Stonewall Motors Ltd Company Information for the year ended 31 December 2024
Directors
Mr Paul Shallcross Martyn Bayliss
Company Number
12388593 (England and Wales)
Registered Office
Unit 8a Stonewall Industrial Estate Stonewall Place Newcastle ST5 6NR England
Accountants
GE ACCOUNTANCY LTD 4 Braithwaite Shevington Wigan Lancashire WN68BP
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Stonewall Motors Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,674 
318 
Current assets
Inventories
642,090 
467,333 
Debtors
31,115 
28,771 
Cash at bank and in hand
40,576 
39,873 
713,781 
535,977 
Creditors: amounts falling due within one year
(472,733)
(400,362)
Net current assets
241,048 
135,615 
Net assets
242,722 
135,933 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
242,622 
135,833 
Shareholders' funds
242,722 
135,933 
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by
Martyn Bayliss Director Company Registration No. 12388593
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Stonewall Motors Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stonewall Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 12388593. The registered office is Unit 8a Stonewall Industrial Estate, Stonewall Place, Newcastle, ST5 6NR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
15% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Stonewall Motors Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
374 
Additions
1,435 
At 31 December 2024
1,809 
Depreciation
At 1 January 2024
56 
Charge for the year
79 
At 31 December 2024
135 
Net book value
At 31 December 2024
1,674 
At 31 December 2023
318 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,095 
28,771 
Accrued income and prepayments
14,020 
- 
31,115 
28,771 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(2,867)
8,686 
Trade creditors
124,978 
122,263 
Taxes and social security
55,055 
19,900 
Other creditors
47,345 
196 
Loans from directors
247,272 
248,367 
Accruals
950 
950 
472,733 
400,362 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Paul Shallcross
Loan
(248,368)
1,096 
- 
(247,272)
(248,368)
1,096 
- 
(247,272)
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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