R G Stones (Timber) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 00717389 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

R G STONES (TIMBER) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T Edwards

M A Wolfson

J B Perry

I N Wright

SECRETARY:

M Wolfson

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

00717389 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25, Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

National Westminster Bank plc

33, Lord Street

Wrexham

LL11 1LP

FIXED ASSETS

Tangible assets

4

2,129,502

2,108,150

Investments

5

2

2,129,504

2,108,152

CURRENT ASSETS

Debtors

6

129,142

10,078

Cash at bank

3,214,273

3,415,656

3,343,415

3,425,734

CREDITORS

Amounts falling due within one year

7

781,230

1,291,577

NET CURRENT ASSETS

2,562,185

2,134,157

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,691,689

4,242,309

CAPITAL AND RESERVES

Called up share capital

8

6,010

Retained earnings

4,685,679

4,236,299

SHAREHOLDERS' FUNDS

4,691,689

4,242,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 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 9th July 2025 and were signed on its behalf by:

T Edwards - Director

1.	STATUTORY INFORMATION

R G Stones (Timber) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Freehold property

-

50 years

Plant and machinery

-

10% - 33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1st April 2024

1,836,731

756,403

35,764

2,628,898

Additions

-

106,899

-

106,899

At 31st March 2025

1,836,731

863,302

35,764

2,735,797

DEPRECIATION

At 1st April 2024

128,901

390,683

1,164

520,748

Charge for year

24,168

57,802

3,577

85,547

At 31st March 2025

153,069

448,485

4,741

606,295

NET BOOK VALUE

At 31st March 2025

1,683,662

414,817

31,023

2,129,502

At 31st March 2024

1,707,830

365,720

34,600

2,108,150

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st April 2024

and 31st March 2025

2

NET BOOK VALUE

At 31st March 2025

2

At 31st March 2024

2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

R G Stones (Buildings) Limited

Registered office:

Nature of business: Manufacture of mobile buildings

%

Class of shares:

holding

Equity Ordinary shares

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

97,600

6,710

V.A.T.

30,642

3,368

Prepayments

900

-

129,142

10,078

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

123

Amounts owed to group undertakings

769,809

992,248

Corporation tax

7,016

295,230

Social security and other taxes

457

421

Accruals

3,825

3,555

781,230

1,291,577

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

6,010

Ordinary

£1

6,010

9.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

Contracted but not provided for in the

financial statements

-

10.	RELATED PARTY DISCLOSURES

The company had a balance outstanding at the year end due to its subsidiary, R G Stones (Buildings) Limited, of £769,809 (2024 £992,248)

R G Stones (Buildings) Limited charged the company £130,207 (2024 £165,573) for costs incurred on its behalf and the company charged R G Stones (Buildings) Limited £180,000 (2024 £180,000 ) in respect of management charges,