10 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 99,240 99,240 xbrli:pure xbrli:shares iso4217:GBP 6553978 2024-04-01 2024-09-30 6553978 2024-09-30 6553978 2024-03-31 6553978 2023-04-01 2024-03-31 6553978 2024-03-31 6553978 2023-03-31 6553978 core:PlantMachinery 2024-04-01 2024-09-30 6553978 core:FurnitureFittings 2024-04-01 2024-09-30 6553978 core:NetGoodwill 2024-04-01 2024-09-30 6553978 bus:Director1 2024-04-01 2024-09-30 6553978 core:NetGoodwill 2024-09-30 6553978 core:PlantMachinery 2024-03-31 6553978 core:FurnitureFittings 2024-03-31 6553978 core:PlantMachinery 2024-09-30 6553978 core:FurnitureFittings 2024-09-30 6553978 core:WithinOneYear 2024-09-30 6553978 core:WithinOneYear 2024-03-31 6553978 core:ShareCapital 2024-09-30 6553978 core:ShareCapital 2024-03-31 6553978 core:RetainedEarningsAccumulatedLosses 2024-09-30 6553978 core:RetainedEarningsAccumulatedLosses 2024-03-31 6553978 core:PlantMachinery 2024-03-31 6553978 bus:SmallEntities 2024-04-01 2024-09-30 6553978 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-09-30 6553978 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2024-09-30 6553978 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-09-30 6553978 bus:FullAccounts 2024-04-01 2024-09-30 6553978 core:ComputerEquipment 2024-04-01 2024-09-30 6553978 core:ComputerEquipment 2024-09-30 6553978 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 6553978
FLOORS OF STONE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
FLOORS OF STONE LIMITED
STATEMENT OF FINANCIAL POSITION
30 September 2024
30 Sep 24
31 Mar 24
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
45,375
51,826
CURRENT ASSETS
Stocks
261,057
265,144
Debtors
7
92,670
288,479
Cash at bank and in hand
805,124
677,010
------------
------------
1,158,851
1,230,633
CREDITORS: amounts falling due within one year
8
320,259
422,884
------------
------------
NET CURRENT ASSETS
838,592
807,749
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
883,967
859,575
---------
---------
NET ASSETS
883,967
859,575
---------
---------
CAPITAL AND RESERVES
Called up share capital fully paid
1
1
Profit and loss account
883,966
859,574
---------
---------
SHAREHOLDERS FUNDS
883,967
859,575
---------
---------
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 statement of income and retained earnings has not been delivered.
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
FLOORS OF STONE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 23 June 2025 , and are signed on behalf of the board by:
Mr R McLellan
Director
Company registration number: 6553978
FLOORS OF STONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 APRIL 2024 TO 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 Cotes Mill, Nottingham Road, Cotes, Loughborough, LE12 5TL, Leicestershire.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition 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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Goodwill Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
-
5 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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:
Plant and machinery
-
20% straight line
Fixtures and fittings
-
25% reducing balance
Computer equipment
-
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 10 (2024: 10 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 April 2024 and 30 September 2024
99,240
--------
Amortisation
At 1 April 2024 and 30 September 2024
99,240
--------
Carrying amount
At 30 September 2024
--------
At 31 March 2024
--------
6. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
Cost
At 1 April 2024 and 30 September 2024
62,260
6,018
18,338
86,616
--------
-------
--------
--------
Depreciation
At 1 April 2024
12,019
6,018
16,753
34,790
Charge for the period
5,789
662
6,451
--------
-------
--------
--------
At 30 September 2024
17,808
6,018
17,415
41,241
--------
-------
--------
--------
Carrying amount
At 30 September 2024
44,452
923
45,375
--------
-------
--------
--------
At 31 March 2024
50,241
1,585
51,826
--------
-------
--------
--------
7. DEBTORS
30 Sep 24
31 Mar 24
£
£
Other debtors
92,670
288,479
--------
---------
8. CREDITORS: amounts falling due within one year
30 Sep 24
31 Mar 24
£
£
Trade creditors
174,399
258,299
Social security and other taxes
6,541
16,868
Other creditors
139,319
147,717
---------
---------
320,259
422,884
---------
---------