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Company registration number: 04727516
Imperial Stone UK Ltd
Unaudited filleted financial statements
31 March 2025
Imperial Stone UK Ltd
Contents
Statement of financial position
Notes to the financial statements
Imperial Stone UK Ltd
Statement of financial position
31 March 2025
31/03/25 31/03/24
Note £ £ £ £
Fixed assets
Intangible assets 5 - 6,500
Tangible assets 6 9 1,304
_______ _______
9 7,804
Current assets
Stocks 5,500 7,100
Debtors 7 65,311 58,132
Cash at bank and in hand 898,911 791,237
_______ _______
969,722 856,469
Creditors: amounts falling due
within one year 8 ( 90,074) ( 83,308)
_______ _______
Net current assets 879,648 773,161
_______ _______
Total assets less current liabilities 879,657 780,965
_______ _______
Net assets 879,657 780,965
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 879,655 780,963
_______ _______
Shareholders funds 879,657 780,965
_______ _______
For the period ending 31 March 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 financial statements for the period 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 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 statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 31 October 2025 , and are signed on behalf of the board by:
Mrs C L Desborough
Director
Company registration number: 04727516
Imperial Stone UK Ltd
Notes to the financial statements
Period ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Avery House, 8 Avery Hill Road, New Eltham, London, SE9 2BD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2024: 2 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2024 and 31 March 2025 65,000 65,000
_______ _______
Amortisation
At 1 April 2024 58,500 58,500
Charge for the period 6,500 6,500
_______ _______
At 31 March 2025 65,000 65,000
_______ _______
Carrying amount
At 31 March 2025 - -
_______ _______
At 31 March 2024 6,500 6,500
_______ _______
6. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 April 2024 and 31 March 2025 7,315 7,208 14,523
_______ _______ _______
Depreciation
At 1 April 2024 6,016 7,203 13,219
Charge for the year 1,295 - 1,295
_______ _______ _______
At 31 March 2025 7,311 7,203 14,514
_______ _______ _______
Carrying amount
At 31 March 2025 4 5 9
_______ _______ _______
At 31 March 2024 1,299 5 1,304
_______ _______ _______
7. Debtors
31/03/25 31/03/24
£ £
Trade debtors 59,959 55,411
Other debtors 5,352 2,721
_______ _______
65,311 58,132
_______ _______
8. Creditors: amounts falling due within one year
31/03/25 31/03/24
£ £
Trade creditors 9 2,612
Corporation tax 50,583 48,231
Social security and other taxes 7,875 3,218
Other creditors 31,607 29,247
_______ _______
90,074 83,308
_______ _______
9. Directors advances, credits and guarantees
The loan is repayable on demand.