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Registration number: 06206751

Stone Supplies (Bristol) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Stone Supplies (Bristol) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 11

 

Stone Supplies (Bristol) Limited

(Registration number: 06206751)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

412,443

434,213

Investments

6

1,008

1,008

 

413,451

435,221

Current assets

 

Stocks

7

22,221

29,686

Debtors

8

1,565,136

1,945,578

Cash at bank and in hand

 

591,795

465,493

 

2,179,152

2,440,757

Creditors: Amounts falling due within one year

9

(1,475,702)

(1,954,346)

Net current assets

 

703,450

486,411

Total assets less current liabilities

 

1,116,901

921,632

Creditors: Amounts falling due after more than one year

9

(1,002)

(1,002)

Provisions for liabilities

(97,715)

(96,263)

Net assets

 

1,018,184

824,367

Capital and reserves

 

Called up share capital

10

10,000

10,000

Retained earnings

1,008,184

814,367

Shareholders' funds

 

1,018,184

824,367

 

Stone Supplies (Bristol) Limited

(Registration number: 06206751)
Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 July 2025
 

.........................................
J B Clayton
Director

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lulsgate Quarry
Felton
Bristol
BS40 9UP
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

10% Straight Line

Plant and machinery

25% Straight Line

Motor vehicles

25% Straight Line

Commercial vehicles

25% Straight Line

Computer hardware/software

33% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 15 (2023 - 16).

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 January 2024

986,400

986,400

At 31 December 2024

986,400

986,400

Amortisation

At 1 January 2024

986,400

986,400

At 31 December 2024

986,400

986,400

Carrying amount

At 31 December 2024

-

-

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

5

Tangible assets

Fixtures and Fittings
£

Computer Hardware/Software
£

Motor vehicles
 £

Commercial vehicles
£

Total
£

Cost or valuation

At 1 January 2024

83,725

230,292

223,880

636,555

1,174,452

Additions

374

7,357

-

52,573

60,304

Disposals

-

-

-

(36,195)

(36,195)

At 31 December 2024

84,099

237,649

223,880

652,933

1,198,561

Depreciation

At 1 January 2024

70,755

193,012

48,211

428,261

740,239

Charge for the year

2,136

16,243

51,020

4,381

73,780

Eliminated on disposal

-

-

-

(27,901)

(27,901)

At 31 December 2024

72,891

209,255

99,231

404,741

786,118

Carrying amount

At 31 December 2024

11,208

28,394

124,649

248,192

412,443

At 31 December 2023

12,970

37,280

175,669

208,294

434,213

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,008

1,008

Subsidiaries

£

Cost or valuation

At 1 January 2024

1,008

Provision

Carrying amount

At 31 December 2024

1,008

At 31 December 2023

1,008

The above investments relate to wholly owned subsidiary companies. All the subsidiary companies have remained dormant during the year and are all valued at cost within the accounts.

Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
 

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

7

Stocks

2024
£

2023
£

Raw materials and consumables

22,221

29,686

8

Debtors

Current

2024
£

2023
£

Trade debtors

1,512,148

1,890,523

Prepayments

42,988

45,055

Other debtors

10,000

10,000

 

1,565,136

1,945,578

9

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,261,642

1,570,094

Amounts owed to group undertakings and undertakings in which the company has a participating interest

341

341

Taxation and social security

 

192,660

164,767

Accruals and deferred income

 

19,754

215,724

Other creditors

 

1,305

3,420

 

1,475,702

1,954,346

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other financial liabilities

1,002

1,002

 

Stone Supplies (Bristol) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10,000

10,000

10,000

10,000

       

11

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

64,756

38,544

Later than one year and not later than five years

67,640

68,333

132,396

106,877

The amount of non-cancellable operating lease payments recognised as an expense during the year was £38,544 (2023 - £33,170).

12

Parent and ultimate parent undertaking

The company's immediate parent is LDZ Ltd, incorporated in England & Wales.