Company Registration No. NI643061 (Northern Ireland)
K - Stone Ireland Limited
Unaudited accounts
for the year ended 31 January 2025
K - Stone Ireland Limited
Unaudited accounts
Contents
K - Stone Ireland Limited
Company Information
for the year ended 31 January 2025
Director
Mr Stephen McKenna
Company Number
NI643061 (Northern Ireland)
Registered Office
9A Dunbiggan Road
Eskra
Co Tyrone
BT78 2RR
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
K - Stone Ireland Limited
Statement of financial position
as at 31 January 2025
Tangible assets
116,305
99,162
Cash at bank and in hand
-
1,773
Creditors: amounts falling due within one year
(25,180)
(9,118)
Net current assets
15,928
6,070
Total assets less current liabilities
132,233
105,232
Creditors: amounts falling due after more than one year
(33,874)
(27,343)
Called up share capital
1
1
Profit and loss account
98,358
77,888
Shareholders' funds
98,359
77,889
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 October 2025 and were signed on its behalf by
Mr Stephen McKenna
Director
Company Registration No. NI643061
K - Stone Ireland Limited
Notes to the Accounts
for the year ended 31 January 2025
K - Stone Ireland Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI643061. The registered office is 9A Dunbiggan Road, Eskra, Co Tyrone, BT78 2RR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
K - Stone Ireland Limited
Notes to the Accounts
for the year ended 31 January 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 February 2024
20,550
143,531
164,081
Additions
6,029
33,545
39,574
At 31 January 2025
26,579
177,076
203,655
At 1 February 2024
-
64,919
64,919
Charge for the year
-
22,431
22,431
At 31 January 2025
-
87,350
87,350
At 31 January 2025
26,579
89,726
116,305
At 31 January 2024
20,550
78,612
99,162
Amounts falling due within one year
Trade debtors
36,918
11,197
Other debtors
(3,839)
(3,378)
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,260
-
Obligations under finance leases and hire purchase contracts
13,676
8,190
Taxes and social security
1,085
928
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
29,374
19,843
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).