Company registration number 07540955 (England and Wales)
STONECRAFT DESIGNS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STONECRAFT DESIGNS LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
STONECRAFT DESIGNS LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
58,494
75,354
Current assets
Stocks
20,000
20,000
Debtors
4
82,354
112,427
Cash at bank and in hand
159,526
191,129
261,880
323,556
Creditors: amounts falling due within one year
5
(73,904)
(123,788)
Net current assets
187,976
199,768
Total assets less current liabilities
246,470
275,122
Creditors: amounts falling due after more than one year
6
(22,469)
(37,237)
Provisions for liabilities
(11,722)
(15,224)
Net assets
212,279
222,661
Capital and reserves
Called up share capital
120
120
Profit and loss reserves
212,159
222,541
Total equity
212,279
222,661
STONECRAFT DESIGNS LTD
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 January 2026
R Whitaker
Director
Company registration number 07540955 (England and Wales)
STONECRAFT DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis. The validity of this basis relies on the continuing support of its creditors and director, who is also the controlling shareholder. The director has confirmed that this support will not be withdrawn for the foreseeable future, to allow the company to meet its liabilities as they fall. The director therefore considered it appropriate that the financial statements are prepared on a going concern basis.

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Buildings
12.5% straight line
Refurbishment costs
25% straight line
Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance
STONECRAFT DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date.
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

STONECRAFT DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.10
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

1.11
Company information

Stonecraft Designs Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Mill Croft Farm, Mill Croft Lane, Delph, Oldham, OL3 5UX.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year wa s:

2025
2024
Number
Number
Total
3
5
STONECRAFT DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Tangible fixed assets
Buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
26,342
283,945
310,287
Additions
-
0
2,852
2,852
At 31 March 2025
26,342
286,797
313,139
Depreciation and impairment
At 1 April 2024
10,662
224,271
234,933
Depreciation charged in the year
4,076
15,636
19,712
At 31 March 2025
14,738
239,907
254,645
Carrying amount
At 31 March 2025
11,604
46,890
58,494
At 31 March 2024
15,680
59,674
75,354
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
82,354
111,857
Other debtors
-
0
570
82,354
112,427
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
9,500
9,500
Trade creditors
3,368
63,524
Taxation and social security
47,493
37,297
Other creditors
13,543
13,467
73,904
123,788
STONECRAFT DESIGNS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Creditors: amounts falling due within one year
(Continued)
- 7 -

Included in other creditors falling due within one year are obligations due under hire purchase contracts amounting to £4,790 (2024 - £4,790) that are secured on the asset they relate to.

6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
12,091
22,069
Obligations under finance leases
10,378
15,168
22,469
37,237

Included in other creditors falling due after more than one year are obligations due under hire purchase contracts amounting to £10,378 (202 4: £15,168) that are secured on the asset they relate to.

7
Financial commitments, guarantees and contingent liabilities

The director is not aware of any contingent liabilities.

8
Events after the reporting date

There have been no significant post balance sheet events.

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