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REGISTERED NUMBER: 09876675 (England and Wales)










Monolith Brick And Stone Limited

Financial Statements

for the Year Ended 31 March 2025






Monolith Brick And Stone Limited (Registered number: 09876675)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Monolith Brick And Stone Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mrs K Pritchard
Mr S P Waring





REGISTERED OFFICE: Unit 6b Phoenix House
Kinmel Park Industrial Estate
Bodelwyddan
Rhyl
Denbighshire
LL18 5TY





REGISTERED NUMBER: 09876675 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
Statutory Auditors
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Monolith Brick And Stone Limited (Registered number: 09876675)

Balance Sheet
31 March 2025

2025 2024
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,779 93,643

CURRENT ASSETS
Stocks 5 153,536 95,641
Debtors 6 202,372 173,366
Cash at bank and in hand 172,810 7,001
528,718 276,008
CREDITORS
Amounts falling due within one year 7 733,484 2,858,396
NET CURRENT LIABILITIES (204,766 ) (2,582,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(143,987

)

(2,488,745

)

PROVISIONS FOR LIABILITIES 8 113,085 113,085
NET LIABILITIES (257,072 ) (2,601,830 )

CAPITAL AND RESERVES
Called up share capital 11 10
Share premium 9 2,740,025 -
Capital contribution reserve 9 1,941,884 1,941,884
Retained earnings 9 (4,938,992 ) (4,543,724 )
(257,072 ) (2,601,830 )

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 by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:





Mrs K Pritchard - Director


Monolith Brick And Stone Limited (Registered number: 09876675)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Monolith Brick And Stone Limited 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.

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £1.

The following principal accounting policies have been applied:

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements, the directors have made the following judgments:
- determine whether there are indicators of impairment of the Company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset.
- determine whether there are indicators of impairment of the Company's trade and other debtors. When assessing impairment of trade and other debtors, management considers factors such as the ageing profile and historical experience.

Going concern
The Company's forecasts and projections which take into account the risks and uncertainties, show that the Company should be able to operate within the level of its current working capital requirements, the ongoing support of its owner, Mr S P Waring, is expected to continue. The Company is expecting to significantly increase revenue over the coming years and move to a position of profit generation.

The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements, as supported by its owner, Mr S P Waring. For this reason, they continue to adopt, and consider appropriate, the going concern basis in preparing the financial statements.

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.

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Monolith Brick And Stone Limited (Registered number: 09876675)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

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.

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.

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 reporting 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 profit or loss.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

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 Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Monolith Brick And Stone Limited (Registered number: 09876675)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 62,683 234,413 3,891 16,201 317,188
Additions - - - 7,020 7,020
At 31 March 2025 62,683 234,413 3,891 23,221 324,208
DEPRECIATION
At 1 April 2024 37,073 176,408 3,891 6,173 223,545
Charge for year 12,536 22,197 - 5,151 39,884
At 31 March 2025 49,609 198,605 3,891 11,324 263,429
NET BOOK VALUE
At 31 March 2025 13,074 35,808 - 11,897 60,779
At 31 March 2024 25,610 58,005 - 10,028 93,643

5. STOCKS
2025 2024
as restated
£    £   
Stocks 153,536 95,641

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Trade debtors 6,850 63,940
Other debtors 8,712 -
VAT - 5,326
Deferred tax asset 71,613 -
Prepayments 115,197 104,100
202,372 173,366

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
as restated
£    £   
Other loans 500,000 -
Trade creditors 57,651 46,897
Amounts owed to group undertakings - 2,740,026
VAT 10,286 -
Other creditors 1,921 1,749
Directors' current accounts 1,455 1,000
Deferred income 147,782 49,833
Accrued expenses 14,389 18,891
733,484 2,858,396

Amounts owed to related parties are unsecured, interest free and repayable on demand.

Monolith Brick And Stone Limited (Registered number: 09876675)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. PROVISIONS FOR LIABILITIES
2025 2024
as restated
£    £   
Other provisions 113,085 113,085

Deferred Other
tax provisions
£    £   
Balance at 1 April 2024 - 113,085
Accelerated Capital Allowances 10,906 -
Losses Carried Forward (82,519 ) -
Balance at 31 March 2025 (71,613 ) 113,085

9. RESERVES

Capital Contribution Reserve
This comprises a capital contribution following the release of a liability owed to the parent company.

Retaining Earnings
This comprises accumulated profits and losses.

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Roberts BA FCA (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

11. 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 £7,743 £ (2024 - £10,274). Contributions totalling £1,921 (2024 - £1,749) were payable to the fund at the reporting date and are included in creditors.

12. RELATED PARTY DISCLOSURES

During the year, the Company was wholly acquired by Monolith Holdings Limited after Greenthumb Limited disposed of its shareholding. During the year the Company received loans totalling £521,000 from Greenthumb Limited. As at the year end the Company owes £500,000 to Greenthumb Limited.

As at the year end the Company owes £1,455 (2024 - £1,000) to the directors.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S P Waring.

The ultimate controlling party is S P Waring by virtue of his shareholding in the parent company, Monolith Holdings Limited.

The Company is a wholly owned subsidiary of Monolith Holdings Limited. Monolith Holdings Limited is the ultimate parent company.