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
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
Stonewall Motors Ltd
Statement of financial position
as at 31 December 2024
Inventories
642,090
467,333
Cash at bank and in hand
40,576
39,873
Creditors: amounts falling due within one year
(472,733)
(400,362)
Net current assets
241,048
135,615
Net assets
242,722
135,933
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
Stonewall Motors Ltd
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
Stonewall Motors Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
17,095
28,771
Accrued income and prepayments
14,020
-
6
Creditors: amounts falling due within one year
2024
2023
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan
(248,368)
1,096
-
(247,272)
(248,368)
1,096
-
(247,272)
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Average number of employees
During the year the average number of employees was 5 (2023: 5).