REGISTERED NUMBER: 03239561 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 DECEMBER 2024

FOR

STONE OSMOND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C D Osmond FCCA

P G Stone FCA

SECRETARY:

Mrs A J Stone

REGISTERED OFFICE:

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

REGISTERED NUMBER:

03239561 (England and Wales)

ACCOUNTANTS:

Stone Osmond Limited

75 Bournemouth Road

Chandlers Ford

Eastleigh

Hampshire

SO53 3AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

9,715

10,938

9,715

10,938

CURRENT ASSETS

Stocks

25,000

32,500

Debtors

6

126,585

126,354

Cash at bank and in hand

3,434

558

155,019

159,412

CREDITORS

Amounts falling due within one year

7

93,493

91,303

NET CURRENT ASSETS

61,526

68,109

TOTAL ASSETS LESS CURRENT LIABILITIES

71,241

79,047

CREDITORS

Amounts falling due after more than one year

8

(55,002

)

(65,123

)

PROVISIONS FOR LIABILITIES

(822

)

(2,271

)

NET ASSETS

15,417

11,653

CAPITAL AND RESERVES

Called up share capital

8,000

8,000

Retained earnings

7,417

3,653

SHAREHOLDERS' FUNDS

15,417

11,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 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.

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by:

C D Osmond FCCA - Director

1.	STATUTORY INFORMATION

Stone Osmond 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

Going concern

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

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 5 (2023 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 30 December 2023

and 29 December 2024

105,265

AMORTISATION

At 30 December 2023

and 29 December 2024

105,265

NET BOOK VALUE

At 29 December 2024

-

At 29 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 30 December 2023

and 29 December 2024

6,030

5,257

28,281

60,851

100,419

DEPRECIATION

At 30 December 2023

-

5,228

26,056

58,197

89,481

Charge for year

-

5

334

884

1,223

At 29 December 2024

-

5,233

26,390

59,081

90,704

NET BOOK VALUE

At 29 December 2024

6,030

24

1,891

1,770

9,715

At 29 December 2023

6,030

29

2,225

2,654

10,938

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

78,438

83,896

Other debtors

48,147

42,458

126,585

126,354

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

41,896

44,135

Trade creditors

11,415

10,712

Taxation and social security

36,299

35,923

Other creditors

3,883

533

93,493

91,303

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

5,002

15,123

Other creditors

50,000

50,000

55,002

65,123

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

31,248

33,487

Bank loans

15,650

25,771

46,898

59,258

The company's bank borrowings are secured by a debenture over the company's undertaking and also by personal guarantees given by the directors'.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is C D Osmond FCCA.