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REGISTERED NUMBER: 00977250 (England and Wales)















STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

MARCHINGTON STONE LIMITED

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


MARCHINGTON STONE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: J A Marchington
L Marchington
J M Marchington
A D Marchington
C J Byatte





REGISTERED OFFICE: 105 Buxton Road
High Lane
Stockport
Cheshire
SK6 8DX





REGISTERED NUMBER: 00977250 (England and Wales)





AUDITORS: Harold Sharp Limited
Statutory Auditors and Chartered Accountants
5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their strategic report for the year ended 30 April 2025.

REVIEW OF BUSINESS

Strategy

The strategy of the company is to maintain profitable trading and growth through its main activities of the production and sale of construction aggregates, sand, gravel and block stone.

Our commitment to the health, safety and wellbeing of our employees and contractors remains paramount. We aim to minimise our impact on the environment and provide a safe and high quality service to our customers.

The business has retained its accreditations for ISO 9001 (Quality), ISO 14001 (Environmental Management) and ISO 45001 (Health & Safety) and are committed to continual improvement across these standards.

We have continued to make progress on our roadmap to Net Zero. We continue to purchase energy from 100% renewable sources and have invested in a Solar PV scheme at our head office which is already making a significant reduction in our purchased energy. We have also increased the number of electric vehicles in our motor fleet.

The results for the year and financial position for the company are set out in the financial statements and the directors anticipate that profitable operation will continue in the future.

PRINCIPAL RISKS AND UNCERTAINTIES

Fuel/Energy Costs

Whilst the cost of fuel has stabilised, this forms a significant part of our costs within our quarrying operations. Energy costs have been forecast to reduce as a result of our office Solar scheme.

Mineral resources/planning

Mineral resources are finite and governed by robust planning conditions. Our quarrying operations are secure with long term planning in place.

The Economy and its effect on the construction sector

General construction activity continued to slow during the year. The Housing market was forecast to recover as interest rates fell but no significant growth was seen. A change of Government in July did not bring the expected confidence with the introduction of further taxation and increases in national Insurance and national minimum wage. House-building is still classed as a government priority as is planning reform, but both are expected to be medium to long term goals.

Credit Risk

We credit check potential and existing customers and continue to apply robust policies and procedures in all aspects of our credit control process.

Financial

The company is governed by a robust set of financial KPIs that are relevant to the industry. These are continuously monitored and the Directors are satisfied with the company's performance.


MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2025

FUTURE DEVELOPMENTS
The company is committed to the acquisition of further sites for mineral extraction and processing in order to maintain a sustainable and continuous supply of materials to our customers.

ON BEHALF OF THE BOARD:





A D Marchington - Director


15 August 2025

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2025


The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the supply of roadstone and concrete aggregate materials.

DIVIDENDS
A dividend of £800,000 (2024: £1,300,000) was paid in the year.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

J A Marchington
L Marchington
J M Marchington
A D Marchington
C J Byatte

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





A D Marchington - Director


15 August 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MARCHINGTON STONE LIMITED


Opinion
We have audited the financial statements of Marchington Stone Limited (the 'company') for the year ended 30 April 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2025 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MARCHINGTON STONE LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MARCHINGTON STONE LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of our planning process:

- We enquired of management the systems and controls the company has in place, the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known, suspected or alleged fraud.
- We obtained an understanding of the legal and regulatory frameworks applicable to the company. We determined that the following were most relevant: FRS 102, Companies Act 2006, health and safety, and employment law.
- We considered the incentives and opportunities that exist in the company, including the extent of management bias, which present a potential for irregularities and fraud to be perpetuated, and tailored our risk assessment accordingly.
- Using our knowledge of the company, together with the discussions held with management at the planning stage, we formed a conclusion on the risk of misstatement due to irregularities including fraud and tailored our procedures according to this risk assessment.

The key procedures we undertook to detect irregularities including fraud during the course of the audit included:
- Identifying and testing journal entries and the overall accounting records, in particular those that were significant and unusual.
- Reviewing the financial statement disclosures and determining whether accounting policies have been appropriately applied.
- Reviewing and challenging the assumptions and judgements used by management in their significant accounting estimates.
- Assessing the extent of compliance, or lack of, with the relevant laws and regulations in particular those that are central to the entities ability to continue in operation.
- Testing key revenue lines, in particular cut-off, for evidence of management bias.
- Performing a physical verification of key assets.
- Obtaining third-party confirmation of material bank balances.
- Documenting and verifying all significant related party balances and transactions.
- Reviewing documentation such as the company board minutes for discussions of irregularities including fraud.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements even though we have properly planned and performed our audit in accordance with auditing standards. The primary responsibility for the prevention and detection of irregularities and fraud rests with the directors and management.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
MARCHINGTON STONE LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Thomas James Smart (Senior Statutory Auditor)
for and on behalf of Harold Sharp Limited
Statutory Auditors and Chartered Accountants
5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

15 August 2025

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   

TURNOVER 33,050,409 35,244,256

Cost of sales (29,095,779 ) (30,727,638 )
GROSS PROFIT 3,954,630 4,516,618

Distribution costs (826,052 ) (803,329 )
Administrative expenses (1,699,341 ) (1,828,027 )
1,429,237 1,885,262

Other operating income 35,507 63,588
OPERATING PROFIT 4 1,464,744 1,948,850

Interest receivable and similar income 179,893 225,792
1,644,637 2,174,642

Interest payable and similar expenses 5 (10,440 ) -
PROFIT BEFORE TAXATION 1,634,197 2,174,642

Tax on profit 6 (419,413 ) (552,828 )
PROFIT FOR THE FINANCIAL YEAR 1,214,784 1,621,814

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 APRIL 2025

2025 2024
Notes £    £   

PROFIT FOR THE YEAR 1,214,784 1,621,814


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,214,784

1,621,814

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 8 830,043 763,170

CURRENT ASSETS
Debtors 9 6,164,422 6,388,837
Cash at bank and in hand 6,106,297 5,864,010
12,270,719 12,252,847
CREDITORS
Amounts falling due within one year 10 (6,244,963 ) (6,605,856 )
NET CURRENT ASSETS 6,025,756 5,646,991
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,855,799

6,410,161

PROVISIONS FOR LIABILITIES 12 (163,423 ) (132,569 )
NET ASSETS 6,692,376 6,277,592

CAPITAL AND RESERVES
Called up share capital 13 3,000 3,000
Retained earnings 14 6,689,376 6,274,592
SHAREHOLDERS' FUNDS 6,692,376 6,277,592

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2025 and were signed on its behalf by:




A D Marchington - Director



J M Marchington - Director


MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2025

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2023 3,000 5,952,778 5,955,778

Changes in equity
Dividends - (1,300,000 ) (1,300,000 )
Total comprehensive income - 1,621,814 1,621,814
Balance at 30 April 2024 3,000 6,274,592 6,277,592

Changes in equity
Dividends - (800,000 ) (800,000 )
Total comprehensive income - 1,214,784 1,214,784
Balance at 30 April 2025 3,000 6,689,376 6,692,376

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025


1. STATUTORY INFORMATION

The company is a private company limited by shares and is incorporated in England and Wales. The registered office is 105 Buxton Road, High Lane, Stockport, Cheshire, SK6 8DX.

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" and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention.

The presentational and functional currency is sterling (£).

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c).

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Trade debtors recoverability
Amounts recoverable on trade debtors are initially measured at the transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled and any impairment losses. The directors make estimates as to the recoverability of these debts and provide for them accordingly.

Turnover
Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT.

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised 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, which include trade 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. Financial assets classified as receivable within one year are not amortised.

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, including trade creditors, amounts owed to group undertakings, and directors loan accounts 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 are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.


MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
At 30 April 2025 the company had made a profit for the year of £1,214,784 and had net assets of £6,692,376.

Having considered the current trading and future expectations, the directors are confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment. The accounts have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS
2025 2024
£    £   
Wages and salaries 1,404,406 1,516,596
Social security costs 182,929 198,958
Other pension costs 71,177 54,816
1,658,512 1,770,370

The average number of employees during the year was as follows:
2025 2024

Administration 20 20
Selling and distribution 6 6
26 26

2025 2024
£    £   
Directors' remuneration 777,275 836,971
Directors' pension contributions to money purchase schemes 15,253 13,853

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


3. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

Information regarding the highest paid director is as follows:
2025 2024
£    £   
Emoluments etc 260,123 269,150
Pension contributions to money purchase schemes 5,627 5,464

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2025 2024
£    £   
Depreciation - owned assets 209,548 253,498
(Profit)/loss on disposal of fixed assets (11,268 ) 523
Auditors' remuneration 15,000 15,000
Auditors' remuneration for non-audit work 30,270 18,900
Operating lease charges - property 42,000 42,000

Auditors remuneration for non-audit work are in respect of accountancy, taxation and payroll services.

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2025 2024
£    £   
Other interest 10,440 -

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2025 2024
£    £   
Current tax:
UK corporation tax 388,559 608,566

Deferred tax charge for the
period 30,854 (55,738 )
Tax on profit 419,413 552,828

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2025 2024
£    £   
Profit before tax 1,634,197 2,174,642
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2024 - 25%)

408,549

543,661

Effects of:
Expenses not deductible for tax purposes 16,091 12,488
Capital allowances in excess of depreciation (29,875 ) -
Depreciation in excess of capital allowances - 55,738
Group relief (6,206 ) (3,321 )
Deferred Taxation movement 30,854 (55,738 )
Total tax charge 419,413 552,828

7. DIVIDENDS

Dividends of £800,000 (2024: £1,300,000) were paid in the year.

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2024 1,492,191 220,366 473,004 73,646 2,259,207
Additions 181,510 3,099 117,928 1,116 303,653
Disposals - - (86,067 ) - (86,067 )
At 30 April 2025 1,673,701 223,465 504,865 74,762 2,476,793
DEPRECIATION
At 1 May 2024 1,003,662 165,031 257,663 69,681 1,496,037
Charge for year 122,132 8,765 76,510 2,141 209,548
Eliminated on disposal - - (58,835 ) - (58,835 )
At 30 April 2025 1,125,794 173,796 275,338 71,822 1,646,750
NET BOOK VALUE
At 30 April 2025 547,907 49,669 229,527 2,940 830,043
At 30 April 2024 488,529 55,335 215,341 3,965 763,170

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


9. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors 5,805,686 6,052,564
Amounts owed by group undertakings 98,873 83,810
Other debtors 22,042 17,167
Directors' loan accounts 45,000 -
Prepayments 180,633 211,858
6,152,234 6,365,399

Amounts falling due after more than one year:
Other debtors 12,188 23,438

Aggregate amounts 6,164,422 6,388,837

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 11) - 10,000
Trade creditors 4,941,025 4,874,640
Corporation tax 88,559 333,488
Social security and other taxes 181,098 218,366
Other creditors 11,938 9,785
Amounts due to group companies 2,047 2,535
Directors' current accounts 216,861 298,530
Accrued expenses 803,435 858,512
6,244,963 6,605,856

11. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year - 10,000

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 42,000 42,000
Between one and five years 168,000 168,000
In more than five years 24,500 66,500
234,500 276,500

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


12. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 163,423 132,569

Deferred
tax
£   
Balance at 1 May 2024 132,569
Provided during year 30,854
Balance at 30 April 2025 163,423

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
3,000 Ordinary £1 3,000 3,000

14. RESERVES
Retained
earnings
£   

At 1 May 2024 6,274,592
Profit for the year 1,214,784
Dividends (800,000 )
At 30 April 2025 6,689,376

15. PENSION COMMITMENTS

The company operates a defined contribution 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 £71,177 (2024: £54,816). At 30 April 2025 contributions of £5,882 (2024: £5,482) were outstanding and included within other creditors.

16. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Marchington Group Limited, a company registered in England and Wales. Marchington Group Limited is the only company that prepares group accounts including the financial statements of this company. The accounts of Marchington Group Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

MARCHINGTON STONE LIMITED (REGISTERED NUMBER: 00977250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025


17. RELATED PARTY DISCLOSURES - continued

At 30 April 2025 the company owed two directors £216,861 (2024: £298,530). The loan is interest free and repayable on demand.

During the year, a loan was advanced to a director of £45,000, that is still outstanding at the balance sheet date. Interest is being charged on this loan at a rate that is equal to the beneficial loan rate. There are no fixed repayment terms attached to the loan.

18. ULTIMATE CONTROLLING PARTY

In the directors opinion, there is no single party who has ultimate control of the group.