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REGISTERED NUMBER: 05258811 (England and Wales)















THE HOME OF STONE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HOME OF STONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTORS: R J Holland
R J Holland
R J Holland





SECRETARY: R A Holland





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 05258811 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,500
Tangible assets 5 233,326 178,877
233,326 180,377

CURRENT ASSETS
Stocks 39,093 50,238
Debtors 6 33,525 58,722
Cash at bank 200,611 219,625
273,229 328,585
CREDITORS
Amounts falling due within one year 7 195,139 215,256
NET CURRENT ASSETS 78,090 113,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,416

293,706

PROVISIONS FOR LIABILITIES 44,297 44,654
NET ASSETS 267,119 249,052

THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

BALANCE SHEET - continued
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 267,019 248,952
SHAREHOLDERS' FUNDS 267,119 249,052

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th July 2025 and were signed on its behalf by:





R J Holland - Director


THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

The Home of 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Not provided
Plant and machinery - 18% on reducing balance and 15% on reducing balance
Motor vehicles - 20% on cost
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2023
and 31st October 2024 30,000
AMORTISATION
At 1st November 2023 28,500
Charge for year 1,500
At 31st October 2024 30,000
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 1,500

THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2023 - 301,240 55,129 854 357,223
Additions 9,749 71,274 10,734 - 91,757
Disposals - - (7,000 ) - (7,000 )
At 31st October 2024 9,749 372,514 58,863 854 441,980
DEPRECIATION
At 1st November 2023 - 142,813 35,215 318 178,346
Charge for year - 27,805 3,863 108 31,776
Eliminated on disposal - - (1,468 ) - (1,468 )
At 31st October 2024 - 170,618 37,610 426 208,654
NET BOOK VALUE
At 31st October 2024 9,749 201,896 21,253 428 233,326
At 31st October 2023 - 158,427 19,914 536 178,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,581 54,646
Bad debt provision (7,665 ) (1,212 )
Other debtors 228 2,663
Directors' current accounts 675 -
Prepayments 2,706 2,625
33,525 58,722

THE HOME OF STONE LIMITED (REGISTERED NUMBER: 05258811)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102,384 25,942
Credit card 15 1,062
Corporation Tax 1,061 29,751
Social security and other taxes 43 93
VAT 8,453 10,507
Directors' current accounts 77,425 139,336
Accruals and deferred income 5,758 8,565
195,139 215,256

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £1 90 90
5 Ordinary B £1 5 5
5 Ordinary C £1 5 5
100 100

9. RELATED PARTY DISCLOSURES

At year end the company owed the directors Mr Richard J Holland £77,288 (2023 - £102,979) and Miss Rebecca J Holland £137 (2023 - £18,178). At the year end the director, Mr Roger J Holland owed the company £675 (2023: the company owed Mr Roger J Holland £18,178).