Stoneleaf Building Materials Limited Filleted accounts for Companies House (small and micro)

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.