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Registration number: 03766148

Wolff Stone Limited
Annual Report and Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

Wolff Stone Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Wolff Stone Limited

Company Information

Directors | S D Wolff D J Hill

Registered office | Cooper House Lower Charlton Estate Shepton Mallet BA4 5QE

Accountants | Burton Sweet Limited Chartered Accountants and Business Advisers Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Wolff Stone Limited

(Registration number: 03766148)
Balance Sheet
31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 118,088 | 134,862
Other financial assets | 6 | 21,350 | 30,000
|  | 139,438 | 164,862
Current assets |  |  |
Stocks | 7 | 257,000 | 338,950
Debtors | 8 | 549,013 | 340,504
Cash at bank and in hand |  | 93,382 | 116,630
|  | 899,395 | 796,084
Creditors: Amounts falling due within one year | 9 | (263,783) | (237,762)
Net current assets |  | 635,612 | 558,322
Total assets less current liabilities |  | 775,050 | 723,184
Provisions for liabilities |  | (27,464) | (25,624)
Net assets |  | 747,586 | 697,560
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Share premium reserve |  | 5,500 | 5,500
Retained earnings |  | 742,084 | 692,058
Shareholders' funds |  | 747,586 | 697,560

Wolff Stone Limited

(Registration number: 03766148)
Balance Sheet
31 May 2025

For the financial year ending 31 May 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... S D Wolff Director

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Cooper House
Lower Charlton Estate
Shepton Mallet
BA4 5QE

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% per annum reducing balance
Fixtures and fittings | 20% per annum reducing balance
Motor vehicles | 20% per annum reducing balance
Equipment | 20% per annum reducing balance
Solar panels | 4% per annum straight line

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

Trade debtors

Trade debtors are amounts due from customers for goods sold in the ordinary course of business.Trade debtors are recognised at transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction prive. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the fair value at inception of the lease. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 14).

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 21,885 | 25,127

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 June 2024 | 695,257 | 132,750 | 828,007
Additions | 25,380 | - | 25,380
Disposals | (11,750) | (75,000) | (86,750)
At 31 May 2025 | 708,887 | 57,750 | 766,637
Depreciation
At 1 June 2024 | 602,133 | 91,012 | 693,145
Charge for the year | 17,470 | 4,415 | 21,885
Eliminated on disposal | (11,142) | (55,339) | (66,481)
At 31 May 2025 | 608,461 | 40,088 | 648,549
Carrying amount
At 31 May 2025 | 100,426 | 17,662 | 118,088
At 31 May 2024 | 93,124 | 41,738 | 134,862

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

6 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 June 2024 | 30,000 | 30,000
At 31 May 2025 | 30,000 | 30,000
Impairment
Fair value adjustment | 8,650 | 8,650
At 31 May 2025 | 8,650 | 8,650
Carrying amount
At 31 May 2025 | 21,350 | 21,350

7 | Stocks

| 2025 £ | 2024 £
Other inventories | 257,000 | 338,950

8 | Debtors

| 2025 £ | 2024 £
Trade debtors | 519,792 | 303,045
Prepayments | 1 | 17,011
Other debtors | 29,220 | 20,448
| 549,013 | 340,504

Wolff Stone Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2025

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 51,751 | 107,829
Trade creditors |  | 89,659 | 73,167
Taxation and social security |  | 119,447 | 52,080
Accruals and deferred income |  | 2,898 | 4,658
Other creditors |  | 28 | 28
|  | 263,783 | 237,762

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 51,751 | 104,635
Hire purchase contracts | - | 3,194
| 51,751 | 107,829