Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-31truetrueNo description of principal activity2023-08-01false5149The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04844783 2023-08-01 2024-07-31 04844783 2022-08-01 2023-07-31 04844783 2024-07-31 04844783 2023-07-31 04844783 c:Director1 2023-08-01 2024-07-31 04844783 d:Buildings d:ShortLeaseholdAssets 2023-08-01 2024-07-31 04844783 d:Buildings d:ShortLeaseholdAssets 2024-07-31 04844783 d:Buildings d:ShortLeaseholdAssets 2023-07-31 04844783 d:PlantMachinery 2023-08-01 2024-07-31 04844783 d:PlantMachinery 2024-07-31 04844783 d:PlantMachinery 2023-07-31 04844783 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04844783 d:MotorVehicles 2023-08-01 2024-07-31 04844783 d:MotorVehicles 2024-07-31 04844783 d:MotorVehicles 2023-07-31 04844783 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04844783 d:FurnitureFittings 2023-08-01 2024-07-31 04844783 d:FurnitureFittings 2024-07-31 04844783 d:FurnitureFittings 2023-07-31 04844783 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04844783 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 04844783 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 04844783 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 04844783 d:CurrentFinancialInstruments 2024-07-31 04844783 d:CurrentFinancialInstruments 2023-07-31 04844783 d:CurrentFinancialInstruments 1 2024-07-31 04844783 d:CurrentFinancialInstruments 1 2023-07-31 04844783 d:Non-currentFinancialInstruments 2024-07-31 04844783 d:Non-currentFinancialInstruments 2023-07-31 04844783 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 04844783 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 04844783 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 04844783 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 04844783 d:ShareCapital 2024-07-31 04844783 d:ShareCapital 2023-07-31 04844783 d:RetainedEarningsAccumulatedLosses 2024-07-31 04844783 d:RetainedEarningsAccumulatedLosses 2023-07-31 04844783 c:FRS102 2023-08-01 2024-07-31 04844783 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04844783 c:FullAccounts 2023-08-01 2024-07-31 04844783 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04844783 d:WithinOneYear 2024-07-31 04844783 d:WithinOneYear 2023-07-31 04844783 d:BetweenOneFiveYears 2024-07-31 04844783 d:BetweenOneFiveYears 2023-07-31 04844783 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2024-07-31 04844783 d:PlantEquipmentOtherAssetsUnderOperatingLeases 2023-07-31 04844783 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2024-07-31 04844783 d:PlantEquipmentOtherAssetsUnderOperatingLeases d:WithinOneYear 2023-07-31 04844783 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2023-08-01 2024-07-31 04844783 f:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 04844783


 







STONECREST MARBLE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
STONECREST MARBLE LIMITED
REGISTERED NUMBER: 04844783

BALANCE SHEET
AS AT 31 JULY 2024

2024
2024
2023
2023
                                                                      Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
39,890
72,731

Tangible assets
 5 
1,533,397
1,127,908

  
1,573,287
1,200,639

Current assets
  

Stocks
  
1,727,418
1,933,443

Debtors: amounts falling due within one year
 6 
1,460,940
1,233,552

Cash at bank and in hand
  
149,986
196,262

  
3,338,344
3,363,257

Creditors: amounts falling due within one year
 7 
(3,258,816)
(2,843,647)

Net current assets
  
 
 
79,528
 
 
519,610

Creditors: amounts falling due after more than one year
 8 
(133,333)
(293,333)

Net assets
  
1,519,482
1,426,916


Capital and reserves
  

Called up share capital 
  
120
120

Profit and loss account
  
1,519,362
1,426,796

  
1,519,482
1,426,916

Page 1

 
STONECREST MARBLE LIMITED
REGISTERED NUMBER: 04844783
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 June 2025.




M Yurtseven
Director

The notes on pages 3 to 10 form part of these financial statements.
Page 2

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Stonecrest Marble Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 480-482 Ley Street, Ilford, IG2 7BZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'other operating income'.

Page 3

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of income and retained earnings on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 5

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following annual bases.

Depreciation is provided on the following basis:

Short-term leasehold property
-
10% straight line
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures, fittings & equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 51 (2023 - 49).


4.


Intangible assets




Computer software

£



Cost


At 1 August 2023
197,043



At 31 July 2024

197,043



Amortisation


At 1 August 2023
124,312


Charge for the year on owned assets
32,841



At 31 July 2024

157,153



Net book value



At 31 July 2024
39,890



At 31 July 2023
72,731



Page 7

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Tangible fixed assets





Short-term leasehold property
Plant and machinery
Motor vehicles
Fixtures, fittings & equipment
Total

£
£
£
£
£



Cost or valuation


At 1 August 2023
1,620,541
163,023
6,100
472,322
2,261,986


Additions
611,661
-
-
-
611,661



At 31 July 2024

2,232,202
163,023
6,100
472,322
2,873,647



Depreciation


At 1 August 2023
614,597
88,276
2,383
428,822
1,134,078


Charge for the year on owned assets
175,120
18,687
1,490
10,875
206,172



At 31 July 2024

789,717
106,963
3,873
439,697
1,340,250



Net book value



At 31 July 2024
1,442,485
56,060
2,227
32,625
1,533,397



At 31 July 2023
1,005,944
74,747
3,717
43,500
1,127,908

Page 8

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

6.


Debtors

2024
2023
£
£


Trade debtors
156,082
156,169

Amounts owed by connected entities
916,383
839,637

Other debtors
130,312
61,689

Prepayments and accrued income
258,163
176,057

1,460,940
1,233,552



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
160,000
160,000

Trade creditors
2,687,184
2,182,556

Corporation tax
-
95,259

Other taxation and social security
172,049
132,384

Amount due to invoice financing company
87,481
124,020

Other creditors
114,178
121,508

Accruals and deferred income
37,924
27,920

3,258,816
2,843,647


The following liabilities were secured:

2024
2023
£
£



Amount due to invoice financing company
87,471
124,020

Details of security provided:

The amount due to the invoice finance company is secured against the total trade debtor balance.

Page 9

 
STONECREST MARBLE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
133,333
293,333

133,333
293,333


Secured creditors
Bank loans of £293,333 (2023 - £453,333) are secured by way of a debenture against the assets of the Company.


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £11,930 (2023 - £16,703). Contributions totalling £869 (2023 - £3,386 payable) were repayable to the fund at the balance sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 July 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£



Not later than 1 year
366,214
366,214

Later than 1 year and not later than 5 years
641,186
1,007,400

1,007,400
1,373,614

2024
2023

£
£



Not later than 1 year
-
4,111

-
4,111


11.


Related party transactions

At the year end the company was owed from the directors £Nil (2023 - £Nil).

 
Page 10