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REGISTERED NUMBER: 02837246 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Stone Construction Limited

Stone Construction Limited (Registered number: 02837246)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stone Construction Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr R J Stone
Mr K T Stone
Mrs B D Stone





SECRETARY: Mrs B D Stone





REGISTERED OFFICE: Woodside Maple View
Starkholmes
Matlock
Derbyshire
DE4 3AD





REGISTERED NUMBER: 02837246 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Stone Construction Limited (Registered number: 02837246)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,285,636 1,289,497

CURRENT ASSETS
Stocks 380,000 9,350
Debtors 5 988,804 1,586,445
Cash at bank 59,081 127,151
1,427,885 1,722,946
CREDITORS
Amounts falling due within one year 6 1,204,962 1,360,494
NET CURRENT ASSETS 222,923 362,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,508,559

1,651,949

CREDITORS
Amounts falling due after more than one
year

7

(371,863

)

(462,863

)

PROVISIONS FOR LIABILITIES (310,515 ) (310,785 )
NET ASSETS 826,181 878,301

CAPITAL AND RESERVES
Called up share capital 8 2,030 2,030
Capital redemption reserve 25 25
Retained earnings 824,126 876,246
SHAREHOLDERS' FUNDS 826,181 878,301

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Stone Construction Limited (Registered number: 02837246)

Balance Sheet - continued
30 November 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2025 and were signed on its behalf by:





Mr K T Stone - Director


Stone Construction Limited (Registered number: 02837246)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Stone Construction 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 20% on cost
Plant and machinery - 33% on reducing balance
Motor vehicles - 10% on cost

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

Work in progress is valued at cost plus attributable profits where appropriate, less foreseeable losses. This is the value of work done as reflected in turnover. For contracts where the value of work done exceeds progress payments, the excess is included in debtors as amounts recoverable on contracts. For contracts where progress payments exceed the value of work done, the excess is included in creditors as payments on account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Stone Construction Limited (Registered number: 02837246)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2023 12,500 1,242,791 405,758 1,661,049
Additions - 14,608 202,148 216,756
Disposals - (30,420 ) (96,950 ) (127,370 )
At 30 November 2024 12,500 1,226,979 510,956 1,750,435
DEPRECIATION
At 1 December 2023 12,500 248,345 110,707 371,552
Charge for year - 98,709 51,023 149,732
Eliminated on disposal - (16,897 ) (39,588 ) (56,485 )
At 30 November 2024 12,500 330,157 122,142 464,799
NET BOOK VALUE
At 30 November 2024 - 896,822 388,814 1,285,636
At 30 November 2023 - 994,446 295,051 1,289,497

Stone Construction Limited (Registered number: 02837246)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 732,776 160,791 893,567
Additions - 182,730 182,730
Transfer to ownership 93,695 147,789 241,484
At 30 November 2024 826,471 491,310 1,317,781
DEPRECIATION
At 1 December 2023 68,017 13,281 81,298
Charge for year 69,973 49,131 119,104
Transfer to ownership 50,871 57,869 108,740
At 30 November 2024 188,861 120,281 309,142
NET BOOK VALUE
At 30 November 2024 637,610 371,029 1,008,639
At 30 November 2023 664,759 147,510 812,269

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 271,163 691,125
Debtors on long term contracts 655,000 795,071
Directors' current accounts - 31,024
VAT 22,781 56,001
Prepayments and accrued income 39,860 13,224
988,804 1,586,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 62,500 62,500
Hire purchase contracts 349,935 292,704
Trade creditors 593,250 942,132
Tax (5,236 ) (5,471 )
Social security and other taxes 18,469 22,583
Other creditors 16,393 17,994
Company credit card 24,873 8,256
Directors' current accounts 138,008 -
Accruals and deferred income 6,770 19,796
1,204,962 1,360,494

Stone Construction Limited (Registered number: 02837246)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 26,042 62,500
Bank loans - 2-5 years - 20,833
Hire purchase contracts 345,821 379,530
371,863 462,863

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,218 Ordinary A £1 1,218 1,218
508 Ordinary B £1 508 508
102 Ordinary C £1 102 102
202 Ordinary D £1 202 202
2,030 2,030

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Mr R J Stone
Balance outstanding at start of year - 69,157
Amounts advanced - 50,774
Amounts repaid - (119,931 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr K T Stone
Balance outstanding at start of year 31,024 45,001
Amounts advanced 338,976 482,455
Amounts repaid (508,008 ) (496,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (138,008 ) 31,024

Interest has been charged on the overdrawn balance during the year at the HMRC rate of 2.5% per annum.