Stonewell Design & Build Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06851579

Stonewell Design & Build Limited

Filleted Unaudited Financial Statements

31 December 2024

Stonewell Design & Build Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Stonewell Design & Build Limited

Balance Sheet

31 December 2024

	2024		2023
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,225		5,397

Current assets

Stocks		78,000	90,000
Debtors	6	1,773	1,784
Cash at bank and in hand		11,621	9,410
		--------	---------
		91,394	101,194

Creditors: amounts falling due within one year	7	71,643		76,370
		--------		---------
Net current assets			19,751		24,824
			--------		--------
Total assets less current liabilities			20,976		30,221

Creditors: amounts falling due after more than one year	8		7,783		14,583

Provisions

Taxation including deferred tax	233	76
	--------	--------
Net assets	12,960	15,562
	--------	--------

Stonewell Design & Build Limited

Balance Sheet (continued)

31 December 2024

	2024		2023
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	12,860	15,462
	--------	--------
Shareholders funds	12,960	15,562
	--------	--------

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 profit and loss account 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 .

These financial statements were approved by the board of directors and authorised for issue on 23 June 2025 , and are signed on behalf of the board by:

Mr N J McDonald

Director

Company registration number: 06851579

Stonewell Design & Build 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 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

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 and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:

Plant and Machinery	-	25% straight line
Motor Vehicles	-	25% straight line

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	21,002	13,947	34,949
Additions	343	–	343
Disposals	–	( 13,947)	( 13,947)
	--------	--------	--------
At 31 December 2024	21,345	–	21,345
	--------	--------	--------
Depreciation
At 1 January 2024	18,996	10,556	29,552
Charge for the year	1,124	–	1,124
Disposals	–	( 10,556)	( 10,556)
	--------	--------	--------
At 31 December 2024	20,120	–	20,120
	--------	--------	--------
Carrying amount
At 31 December 2024	1,225	–	1,225
	--------	--------	--------
At 31 December 2023	2,006	3,391	5,397
	--------	--------	--------

6. Debtors

	2024	2023
	£	£
Other debtors	1,773	1,784
	-------	-------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	6,800	6,800
Trade creditors	6,368	1,435
Corporation tax	361	–
Social security and other taxes	1,864	5,592
Other creditors	56,250	62,543
	--------	--------
	71,643	76,370
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	2,833	9,633
Other creditors	4,950	4,950
	-------	--------
	7,783	14,583
	-------	--------

9. Directors' advances, credits and guarantees

During the year, the directors had interest free, repayable on demand loans with the company. At the start of the year the directors were owed £59,842, and at the end of the year the directors were owed £53,360.