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Company Registration No. 06111732 (England and Wales)
Stonetools Limited Unaudited accounts for the year ended 31 December 2024
Stonetools Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Stonetools Limited Company Information for the year ended 31 December 2024
Director
Steven Latimer
Secretary
Kirsten Landers
Company Number
06111732 (England and Wales)
Registered Office
Unit 8, Kingstanding Business Park Kingstanding Way Tunbridge Wells Kent TN2 3UP United Kingdom
- 3 -
Stonetools Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
51,919 
62,302 
Tangible assets
5
52,480 
9,778 
104,399 
72,080 
Current assets
Inventories
440,162 
497,161 
Debtors
6
250,990 
318,804 
Cash at bank and in hand
16,896 
87 
708,048 
816,052 
Creditors: amounts falling due within one year
7
(547,267)
(637,618)
Net current assets
160,781 
178,434 
Total assets less current liabilities
265,180 
250,514 
Creditors: amounts falling due after more than one year
8
(103,368)
(124,223)
Provisions for liabilities
Deferred tax
9
(13,120)
(2,445)
Net assets
148,692 
123,846 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
148,590 
123,744 
Shareholders' funds
148,692 
123,846 
For the year ending 31 December 2024 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 31 December 2025 and were signed on its behalf by
Steven Latimer Director Company Registration No. 06111732
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Stonetools Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Stonetools Limited is a private company, limited by shares, registered in England and Wales, registration number 06111732. The registered office is Unit 8, Kingstanding Business Park, Kingstanding Way, Tunbridge Wells, Kent, TN2 3UP, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
25% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
207,664 
At 31 December 2024
207,664 
Amortisation
At 1 January 2024
145,362 
Charge for the year
10,383 
At 31 December 2024
155,745 
Net book value
At 31 December 2024
51,919 
At 31 December 2023
62,302 
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Stonetools Limited Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
144,454 
- 
32,971 
177,425 
Additions
- 
48,030 
- 
48,030 
At 31 December 2024
144,454 
48,030 
32,971 
225,455 
Depreciation
At 1 January 2024
138,884 
- 
28,763 
167,647 
Charge for the year
1,393 
800 
3,135 
5,328 
At 31 December 2024
140,277 
800 
31,898 
172,975 
Net book value
At 31 December 2024
4,177 
47,230 
1,073 
52,480 
At 31 December 2023
5,570 
- 
4,208 
9,778 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
122,201 
185,216 
Accrued income and prepayments
19,018 
20,816 
Other debtors
109,771 
112,772 
250,990 
318,804 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,817 
VAT
39,640 
143,965 
Trade creditors
280,483 
195,422 
Taxes and social security
66,617 
97,968 
Other creditors
134,469 
185,322 
Loans from directors
(5,071)
126 
Accruals
21,129 
3,998 
547,267 
637,618 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,877 
18,624 
Other creditors
95,491 
105,599 
103,368 
124,223 
- 6 -
Stonetools Limited Notes to the Accounts for the year ended 31 December 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
13,120 
2,445 
2024 
2023 
£ 
£ 
Provision at start of year
2,445 
3,046 
Charged/(credited) to the profit and loss account
10,675 
(601)
Provision at end of year
13,120 
2,445 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
- 
5,071 
- 
5,071 
- 
5,071 
- 
5,071 
As at the balance sheet date the company was owed £5,071 (2023 - £127 owing) to Mr S Latimer. The loan is interest free and has no terms attached to it.
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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