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REGISTERED NUMBER: 06431514 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

DRING STONE LTD

DRING STONE LTD (REGISTERED NUMBER: 06431514)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DRING STONE LTD

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: A Dring
R Dring





SECRETARY: A Dring





REGISTERED OFFICE: 1 Rock House
Hartoft
Pickering
North Yorkshire
YO18 8RR





REGISTERED NUMBER: 06431514 (England and Wales)

DRING STONE LTD (REGISTERED NUMBER: 06431514)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 633,320 599,831

CURRENT ASSETS
Inventories 268,669 282,613
Debtors 5 611,911 547,061
Investments 6 10,161 9,353
Prepayments and accrued income 663 4,064
Cash at bank and in hand 323,734 186,273
1,215,138 1,029,364
CREDITORS
Amounts falling due within one year 7 430,204 246,152
NET CURRENT ASSETS 784,934 783,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,418,254

1,383,043

PROVISIONS FOR LIABILITIES 107,523 93,564
NET ASSETS 1,310,731 1,289,479

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 1,310,728 1,289,476
SHAREHOLDERS' FUNDS 1,310,731 1,289,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

DRING STONE LTD (REGISTERED NUMBER: 06431514)

STATEMENT OF FINANCIAL POSITION - continued
30 November 2024


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 and authorised for issue by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





A Dring - Director


DRING STONE LTD (REGISTERED NUMBER: 06431514)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Dring Stone Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue 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.
Freehold property - at varying rates on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


DRING STONE LTD (REGISTERED NUMBER: 06431514)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Contributions to a defined contribution pension scheme are charged as an expense in the period to which they relate
Contributions made to personal pension schemes of the directors are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2023 408,535 1,424,898 41,586 244,945 2,119,964
Additions - 4,099 - 190,895 194,994
Disposals - (1,524 ) (1,172 ) (174,445 ) (177,141 )
Reclassification/transfer - (23,500 ) - 23,500 -
At 30 November 2024 408,535 1,403,973 40,414 284,895 2,137,817
DEPRECIATION
At 1 December 2023 182,955 1,132,479 29,972 174,727 1,520,133
Charge for year 22,351 71,904 2,877 36,285 133,417
Eliminated on disposal - (1,501 ) (1,067 ) (146,485 ) (149,053 )
Reclassification/transfer - (16,064 ) - 16,064 -
At 30 November 2024 205,306 1,186,818 31,782 80,591 1,504,497
NET BOOK VALUE
At 30 November 2024 203,229 217,155 8,632 204,304 633,320
At 30 November 2023 225,580 292,419 11,614 70,218 599,831

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 535,798 499,957
Amounts owed by group undertakings 74,670 -
Other debtors 1,443 4,640
611,911 504,597

DRING STONE LTD (REGISTERED NUMBER: 06431514)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024


5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings - 42,464

Aggregate amounts 611,911 547,061

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 10,161 9,353

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 128,073 69,236
Taxation and social security 245,613 155,370
Other creditors 56,518 21,546
430,204 246,152