ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 11712343

STONE OF LONDON CONTRACTS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

STONE OF LONDON CONTRACTS LIMITED

REGISTERED NUMBER: 11712343

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	3		2,646		3,527
			2,646		3,527
Current assets
Debtors: amounts falling due within one year	4	352		26,583
Cash at bank and in hand	5	5,531		5,414
		5,883		31,997
Creditors: amounts falling due within one year	6	(16,000)		(22,972)
Net current (liabilities)/assets			(10,117)		9,025
Total assets less current liabilities			(7,471)		12,552
Creditors: amounts falling due after more than one year	7		(19,062)		(25,154)

Net liabilities			(26,533)		(12,602)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(26,633)	(12,702)
	(26,533)	(12,602)

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STONE OF LONDON CONTRACTS LIMITED

REGISTERED NUMBER: 11712343

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D Samson

Director

Date: 29 September 2025

The notes on pages 3 to 7 form part of these financial statements.

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STONE OF LONDON CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Stone of London Contracts Limited is a private company limited by shares. The company is incorporated in England and Wales and the address of the registered office is Aston House, Cornwall Avenue, London, England, N3 1LF. The registered number is 11712343.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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STONE OF LONDON CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Fixtures and fittings	-	25%	on a reducing balance
				Computer equipment	-	25%	on a reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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STONE OF LONDON CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

3.	Tangible fixed assets

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	10,533	1,652	12,185
At 31 December 2024	10,533	1,652	12,185
Depreciation
At 1 January 2024	7,876	782	8,658
Charge for the year on owned assets	664	217	881
At 31 December 2024	8,540	999	9,539
Net book value
At 31 December 2024	1,993	653	2,646

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STONE OF LONDON CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	352	810
Other debtors	-	25,773
	352	26,583

5.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	5,531	5,414
	5,531	5,414

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	3,732	2,736
Other taxation and social security	9,735	17,260
Other creditors	533	976
Accruals and deferred income	2,000	2,000
	16,000	22,972

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Other loans	19,062	25,154
	19,062	25,154

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STONE OF LONDON CONTRACTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


Amounts falling due 1-2 years
Other loans	19,062	25,154
	19,062	25,154


	19,062	25,154

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