STONE ASBESTOS LTD


Director	STONE, William


Registered Address	Unit 1 &1a Flaxmill Lane
	Pinchbeck
	Spalding
	PE11 3YP


Registered Number	08158612 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		82,884		110,622
			82,884		110,622
Current assets
Debtors		50,014		44,406
Cash at bank and on hand		11,422		21,978
		61,436		66,384
Creditors amounts falling due within one year	4	(54,366)		(69,061)
Net current assets (liabilities)			7,070		(2,677)
Total assets less current liabilities			89,954		107,945
Creditors amounts falling due after one year	5		(53,987)		(73,212)
Net assets			35,967		34,733
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			34,967		33,733
Shareholders' funds			35,967		34,733

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 October 2025, and are signed on its behalf by:

STONE, William
Director
Registered Company No. 08158612

STONE ASBESTOS LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	7		5

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 August 24	5,647	171,680	8,308	185,635
Additions	2,666	-	-	2,666
Disposals	-	-	(5,436)	(5,436)
At 31 July 25	8,313	171,680	2,872	182,865
Depreciation and impairment
At 01 August 24	1,160	71,980	1,873	75,013
Charge for year	1,119	24,925	366	26,410
On disposals	-	-	(1,442)	(1,442)
At 31 July 25	2,279	96,905	797	99,981
Net book value
At 31 July 25	6,034	74,775	2,075	82,884
At 31 July 24	4,487	99,700	6,435	110,622

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	12,401	9,854
Bank borrowings and overdrafts	61	119
Taxation and social security	15,804	28,757
Finance lease and HP contracts	17,017	29,242
Other creditors	8,043	50
Accrued liabilities and deferred income	1,040	1,039
Total	54,366	69,061


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,852	26,313
Other creditors	32,135	46,899
Total	53,987	73,212


	Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	49,152		76,141


	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.