Company registration number:
10662915
LANDMARK STONE LIMITED
Unaudited filleted financial statements
30 September 2024
LANDMARK STONE LIMITED
Contents
Statement of financial position
Notes to the financial statements
LANDMARK STONE LIMITED
Statement of financial position
30 September 2024
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30/09/24 |
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30/09/23 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
70,527 |
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111,802 |
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_______ |
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_______ |
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70,527 |
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111,802 |
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Current assets |
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Debtors |
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6 |
84,835 |
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78,902 |
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Cash at bank and in hand |
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- |
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27,950 |
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_______ |
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_______ |
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84,835 |
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106,852 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
70,459) |
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(
125,802) |
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_______ |
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_______ |
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Net current assets/(liabilities) |
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14,376 |
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(
18,950) |
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_______ |
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_______ |
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Total assets less current liabilities |
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84,903 |
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92,852 |
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Creditors: amounts falling due |
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after more than one year |
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8 |
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(
10,167) |
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(
36,667) |
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Provisions for liabilities |
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(
17,632) |
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(
17,538) |
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_______ |
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_______ |
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Net assets |
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57,104 |
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38,647 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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200 |
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200 |
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Share premium account |
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40,328 |
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40,328 |
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Profit and loss account |
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16,576 |
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(
1,881) |
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_______ |
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_______ |
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Shareholder funds |
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57,104 |
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38,647 |
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_______ |
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_______ |
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 March 2025
, and are signed on behalf of the board by:
Mr J Cobley
Director
Company registration number:
10662915
LANDMARK STONE LIMITED
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Delaware Road, Styvechale, Coventry, West Midlands, CV3 6LX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Plant and machinery |
- |
25 % |
reducing balance |
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Fittings fixtures and equipment |
- |
25 % |
reducing balance |
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Motor vehicles |
- |
15 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2023:
11
).
5.
Tangible assets
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Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 October 2023 |
22,269 |
2,611 |
139,831 |
164,711 |
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Disposals |
- |
- |
(
52,585) |
(
52,585) |
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_______ |
_______ |
_______ |
_______ |
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At 30 September 2024 |
22,269 |
2,611 |
87,246 |
112,126 |
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_______ |
_______ |
_______ |
_______ |
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Depreciation |
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At 1 October 2023 |
13,119 |
1,360 |
38,430 |
52,909 |
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Charge for the year |
2,288 |
313 |
11,069 |
13,670 |
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Disposals |
- |
- |
(
24,980) |
(
24,980) |
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_______ |
_______ |
_______ |
_______ |
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At 30 September 2024 |
15,407 |
1,673 |
24,519 |
41,599 |
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_______ |
_______ |
_______ |
_______ |
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Carrying amount |
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At 30 September 2024 |
6,862 |
938 |
62,727 |
70,527 |
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_______ |
_______ |
_______ |
_______ |
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At 30 September 2023 |
9,150 |
1,251 |
101,401 |
111,802 |
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_______ |
_______ |
_______ |
_______ |
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6.
Debtors
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30/09/24 |
30/09/23 |
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£ |
£ |
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Trade debtors |
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75,467 |
77,180 |
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Other debtors |
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9,368 |
1,722 |
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_______ |
_______ |
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84,835 |
78,902 |
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_______ |
_______ |
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7.
Creditors: amounts falling due within one year
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30/09/24 |
30/09/23 |
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£ |
£ |
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Bank loans and overdrafts |
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15,078 |
10,000 |
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Corporation tax |
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4,665 |
- |
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Social security and other taxes |
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17,802 |
46,439 |
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Other creditors |
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32,914 |
69,363 |
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_______ |
_______ |
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70,459 |
125,802 |
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_______ |
_______ |
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8.
Creditors: amounts falling due after more than one year
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30/09/24 |
30/09/23 |
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£ |
£ |
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Bank loans and overdrafts |
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6,667 |
16,667 |
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Other creditors |
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3,500 |
20,000 |
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_______ |
_______ |
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10,167 |
36,667 |
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_______ |
_______ |
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9.
Directors advances, credits and guarantees
As at 30 September 2024, the director of the company,
Mr J Cobley
, was owed £13,880 (30 September 2023 £22,101) by the company, this is an interest free loan.