Company registration number 07495310 (England and Wales)
STONE CREATE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
STONE CREATE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
STONE CREATE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
120,475
204,265
Cash at bank and in hand
15,819
2,389
136,294
206,654
Creditors: amounts falling due within one year
5
(72,982)
(110,418)
Net current assets
63,312
96,236
Capital and reserves
Called up share capital
6
10
10
Share premium account
4,991
4,991
Profit and loss reserves
58,311
91,235
Total equity
63,312
96,236

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 June 2025 and are signed on its behalf by:
T J I McCooey
Director
Company registration number 07495310 (England and Wales)
STONE CREATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Stone Create Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3 Centurion Court, Centurion Way, Leyland, Lancashire, PR25 3UQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the provision of services is recognised when the significant risks and rewards have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% p.a. straight line
Computers
33.33% p.a. straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

STONE CREATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

STONE CREATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
8
8
STONE CREATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
3,998
3,563
7,561
Depreciation and impairment
At 1 October 2023 and 30 September 2024
3,998
3,563
7,561
Carrying amount
At 30 September 2024
-
0
-
0
-
0
At 30 September 2023
-
0
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
57,320
111,982
Amounts owed by group undertakings
54,500
82,719
Other debtors
8,163
8,962
119,983
203,663
Deferred tax asset
492
602
120,475
204,265
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
5,466
26,752
Taxation and social security
17,900
28,034
Other creditors
49,616
55,632
72,982
110,418
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
STONE CREATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Caroline Snape
Statutory Auditor:
Sumer Auditco Limited
Date of audit report:
24 June 2025
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
1,260
3,054
9
Parent company

The immediate parent company is Leyland Investments (UK) Limited, which is a subsidiary of Leyland Holding Company Limited. Both companies are registered in England and Wales.

 

Stone Create Limited is consolidated within Leyland Holding Company Limited's group financial statements and copies can be obtained on request from the groups registered office, 3 Centurion Court, Centurion Way, Leyland, Lancashire, PR25 3UQ.

 

The ultimate parent company is Belcare Limited, a company registered in Isle of Man.

2024-09-302023-10-01falsefalsefalse24 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityJ BalacS FriendT J I McCooeyS Jamal074953102023-10-012024-09-30074953102024-09-30074953102023-09-3007495310core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3007495310core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3007495310core:CurrentFinancialInstruments2024-09-3007495310core:CurrentFinancialInstruments2023-09-3007495310core:ShareCapital2024-09-3007495310core:ShareCapital2023-09-3007495310core:SharePremium2024-09-3007495310core:SharePremium2023-09-3007495310core:RetainedEarningsAccumulatedLosses2024-09-3007495310core:RetainedEarningsAccumulatedLosses2023-09-3007495310core:ShareCapitalOrdinaryShareClass12024-09-3007495310core:ShareCapitalOrdinaryShareClass12023-09-3007495310bus:Director32023-10-012024-09-3007495310core:FurnitureFittings2023-10-012024-09-3007495310core:ComputerEquipment2023-10-012024-09-30074953102022-10-012023-09-3007495310core:FurnitureFittings2023-09-3007495310core:ComputerEquipment2023-09-30074953102023-09-3007495310core:FurnitureFittings2024-09-3007495310core:ComputerEquipment2024-09-3007495310core:FurnitureFittings2023-09-3007495310core:ComputerEquipment2023-09-3007495310core:WithinOneYear2024-09-3007495310core:WithinOneYear2023-09-3007495310bus:OrdinaryShareClass12023-10-012024-09-3007495310bus:OrdinaryShareClass12024-09-3007495310bus:OrdinaryShareClass12023-09-3007495310bus:PrivateLimitedCompanyLtd2023-10-012024-09-3007495310bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3007495310bus:FRS1022023-10-012024-09-3007495310bus:Audited2023-10-012024-09-3007495310bus:Director12023-10-012024-09-3007495310bus:Director22023-10-012024-09-3007495310bus:Director42023-10-012024-09-3007495310bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP