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COMPANY REGISTRATION NUMBER: 03877699

Stoneleaf Building Materials Limited

Filleted Unaudited Financial Statements

31 December 2024

Stoneleaf Building Materials Limited

Financial Statements

Year ended 31 December 2024

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Stoneleaf Building Materials Limited

Statement of Financial Position

31 December 2024

| 2024 | 2023
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 688,967 |  | 701,269
Investments | 6 |  | 200 |  | 200
|  | --------- |  | ---------
|  | 689,167 |  | 701,469

Current assets

Stocks | 1,036,676 |  | 1,072,491 |
Debtors | 7 | 404,121 |  | 353,609 |
Cash at bank and in hand | 810 |  | 3,990 |
| ------------ |  | ------------ |
| 1,441,607 |  | 1,430,090 |

Creditors: amounts falling due within one year | 8 | 873,074 |  | 682,824 |
| ------------ |  | ------------ |
Net current assets |  | 568,533 |  | 747,266
|  | ------------ |  | ------------
Total assets less current liabilities |  | 1,257,700 |  | 1,448,735

Creditors: amounts falling due after more than one year | 9 |  | 77,227 |  | 127,826

Provisions

Taxation including deferred tax |  | 19,527 |  | 23,443
|  | ------------ |  | ------------
Net assets |  | 1,160,946 |  | 1,297,466
|  | ------------ |  | ------------

Capital and reserves

Called up share capital |  | 102 |  | 102
Profit and loss account |  | 1,160,844 |  | 1,297,364
|  | ------------ |  | ------------
Shareholders funds |  | 1,160,946 |  | 1,297,466
|  | ------------ |  | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Stoneleaf Building Materials Limited

Statement of Financial Position (continued)

31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

R M Curry | M Curry
Director | Director

Company registration number: 03877699

Stoneleaf Building Materials Limited

Notes to the Financial Statements

Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Leasehold Property | - | 10% straight line
| Plant and Machinery | - | 10% straight line
| Fixtures and Fittings | - | 25% reducing balance
| Motor Vehicles | - | 20% reducing balance

| Office Equipment | - | 33 % straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 18 (2023: 16 ).
5. Tangible assets

| Freehold and leasehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2024 | 597,279 | 37,176 | 18,763 | 316,988 | 970,206
Additions | – | – | 18,394 | – | 18,394
| --------- | -------- | -------- | --------- | ---------
At 31 December 2024 | 597,279 | 37,176 | 37,157 | 316,988 | 988,600
| --------- | -------- | -------- | --------- | ---------
Depreciation |  |  |  |  |
At 1 January 2024 | 20,627 | 33,148 | 14,721 | 200,441 | 268,937
Charge for the year | 3,078 | 1,047 | 3,285 | 23,286 | 30,696
| --------- | -------- | -------- | --------- | ---------
At 31 December 2024 | 23,705 | 34,195 | 18,006 | 223,727 | 299,633
| --------- | -------- | -------- | --------- | ---------
Carrying amount |  |  |  |  |
At 31 December 2024 | 573,574 | 2,981 | 19,151 | 93,261 | 688,967
| --------- | -------- | -------- | --------- | ---------
At 31 December 2023 | 576,652 | 4,028 | 4,042 | 116,547 | 701,269
| --------- | -------- | -------- | --------- | ---------

Tangible assets held at valuation
The property was valued on an open market basis during October 2022. The directors are of the view that there has been no material change since in value since this date.
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Motor vehicles
| £
At 31 December 2024 | 55,662
| --------
At 31 December 2023 | 69,578
| --------

6. Investments

| Shares in group undertakings
| £
Cost |
At 1 January 2024 and 31 December 2024 | 200
| ----
Impairment |
At 1 January 2024 and 31 December 2024 | –
| ----

Carrying amount |
At 31 December 2024 | 200
| ----
At 31 December 2023 | 200
| ----

The company owns 100% of the issued share capital of Gordon H Richards Limited and Adlards Roofing Limited.
7. Debtors

| 2024 | 2023
| £ | £
Trade debtors | 376,319 | 223,591
Amounts owed by group undertakings and undertakings in which the company has a participating interest | – | 89,192
Other debtors | 27,802 | 40,826
| --------- | ---------
| 404,121 | 353,609
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 60,647 | 30,005
Trade creditors | 411,256 | 447,700
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 168,207 | 100
Corporation tax | 4,160 | 43,883
Social security and other taxes | 118,604 | 98,543
Deposits | 24,912 | 24,524
Other creditors | 85,288 | 38,069
| --------- | ---------
| 873,074 | 682,824
| --------- | ---------

The bank loan is secured by a legal charge over certain assets of the company.
9. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 69,727 | 102,326
Other creditors | 7,500 | 25,500
| -------- | ---------
| 77,227 | 127,826
| -------- | ---------

The bank loan is secured by a legal charge over certain assets of the company.
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 | 2023
| £ | £
Not later than 1 year | 10,968 | 4,021
Later than 1 year and not later than 5 years | 43,872 | –
Later than 5 years | 13,710 | –
| -------- | -------
| 68,550 | 4,021
| -------- | -------

11. Directors' advances, credits and guarantees
At the year end R M Curry owed the company £3,611 (2023 - £47,998) by way of a directors loan account. At the year end the company owed M Curry £48,015 (2023 - £30,685) by way of a directors loan account.
12. Related party transactions
The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with group companies that are wholly owned.