Ketton Stone (Masonry & Fixing) Limited

Company registration number: 02756810
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	754,253	655,671
		754,253	655,671
Current assets
Stocks		90,000	38,002
Debtors	5	772,244	674,076
Cash at bank and in hand		25,881	398,814
		888,125	1,110,892
Creditors: Amounts falling due within one year	6	(1,556,278)	(1,415,046)
Net current liabilities		(668,153)	(304,154)
Total assets less current liabilities		86,100	351,517
Creditors: Amounts falling due after more than one year	6	(139,416)	(78,234)
Provisions for liabilities		(123,803)	(97,201)
Net (liabilities)/assets		(177,119)	176,082
capital and reserves
Called up share capital		2	2
Profit and loss account		(177,121)	176,080
Shareholders' (deficit)/funds		(177,119)	176,082

Ketton Stone (Masonry & Fixing) Limited

Company registration number: 02756810
Balance Sheet as at 31 March 2025 (continued)

For the financial year 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 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 and 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 17 December 2025 and signed on its behalf by:
 

......................................... Mr A Vrona Director

Ketton Stone (Masonry & Fixing) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
3 North Street
Oadby
LEICESTER
LE2 5AH

The principal place of business is:
Pit Lane
Ketton
STAMFORD
PE9 3SZ

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, including the disclosure requirements of Section 1A, and in accordance with the Companies Act 2006.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

Ketton Stone (Masonry & Fixing) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

Contract revenue recognition

When the outcome of a construction contract can be estimated reliably, contract revenues together with associated contract costs are recognised in the accounts by reference to the stage of completion of contract activities at the end of the accounting period.

Tax

The tax charge for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised on temporary differences arising between the tax values of assets and liabilities and their carrying amounts in the financial statements. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

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	25% based on net book amount
Motor vehicles	25% based on net book amount
Office equipment	25% based on net book amount
Buildings	15% based on net book amount

Stocks

Stocks are stated at the lower of cost and estimated net realisable value. Contract work in progress is calculated according to the stage of completion method (see contract revenue recognition above).

Ketton Stone (Masonry & Fixing) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

Leases

Leases, including hire purchase agreements, 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 in the balance sheet at fair value and depreciated over their useful lives. 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 a reduction of the lease obligation in the balance sheet so that the effective rate of interest is charged over the lease term.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2024 - 16).

Ketton Stone (Masonry & Fixing) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

4	Tangible assets

	Buildings and other  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	652,671	331,565	1,251,935	2,236,171
Additions	5,971	13,300	295,147	314,418
At 31 March 2025	658,642	344,865	1,547,082	2,550,589
Depreciation
At 1 April 2024	371,341	273,366	935,793	1,580,500
Charge for the year	45,139	17,875	152,822	215,836
At 31 March 2025	416,480	291,241	1,088,615	1,796,336
Carrying amount
At 31 March 2025	242,162	53,624	458,467	754,253
At 31 March 2024	281,330	58,199	316,142	655,671

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		417,679	348,025
Amounts owed by related parties	7	250,000	250,000
Other debtors		104,565	76,051
		772,244	674,076

Ketton Stone (Masonry & Fixing) Limited

Notes to the Unaudited Financial Statements for the
Year Ended 31 March 2025 (continued)

6

Creditors

	2025 £	2024 £
Due within one year
Loans and borrowings	103,925	40,693
Trade creditors	166,473	223,833
Taxation and social security	88,422	235,984
Other creditors	1,197,458	914,536
	1,556,278	1,415,046
Due after one year
Loans and borrowings	139,416	78,234