02972129 false specialised construction activities 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2024-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-03-31 http://www.companieshouse.gov.uk/cd:Director1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:PlantMachinery 2025-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-03-31 http://www.companieshouse.gov.uk/cd:Director2 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2024-03-31 http://www.companieshouse.gov.uk/cd:Director3 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:FurnitureFittings 2025-03-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:MotorCars 2024-03-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:MotorCars 2025-03-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-03-31 http://www.companieshouse.gov.uk/2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2025-03-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 02972129
Associated Stone Group Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Associated Stone Group Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
R C Pooley
H S J Alger
C R Pooley (Appointed on 14 March 2025)
SECRETARY
R E Pooley
REGISTERED OFFICE
20 Ropery Business Park
48 Anchor & Hope Lane
London
SE7 7RX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 02972129
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Associated Stone Group Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Associated Stone Group Limited

BALANCE SHEET AT 31 March 2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 3 |  |  |  | 146,946 |  |  |  | 157,192
Investment Assets |  | 4 |  |  |  | 199,695 |  |  |  | 199,695
|  |  |  |  |  | 346,641 |  |  |  | 356,887
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  | 5 |  | 255,750 |  |  |  | 245,750 |  |
Debtors |  | 6 |  | 2,371,559 |  |  |  | 2,876,072 |  |
Cash at bank and in hand |  |  |  | 167,454 |  |  |  | 77,061 |  |
|  |  |  | 2,794,763 |  |  |  | 3,198,883 |  |
CREDITORS: Amounts falling due within one year |  | 7 |  | 933,553 |  |  |  | 1,526,960 |  |
NET CURRENT ASSETS |  |  |  |  |  | 1,861,210 |  |  |  | 1,671,923
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 2,207,851 |  |  |  | 2,028,810
CREDITORS: Amounts falling due after more than one year |  | 8 |  |  |  | 37,300 |  |  |  | 118,550
PROVISIONS FOR LIABILITIES AND CHARGES |  | 9 |  |  |  | 36,430 |  |  |  | 29,666
NET ASSETS |  |  |  |  |  | 2,134,121 |  |  |  | 1,880,594
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 10 |  |  |  | 2 |  |  |  | 2
Profit and loss account |  |  |  |  |  | 2,134,119 |  |  |  | 1,880,592
SHAREHOLDERS' FUNDS |  |  |  |  |  | 2,134,121 |  |  |  | 1,880,594
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 January 2026 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
R C Pooley |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Associated Stone Group Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Going Concern
The directors of the Company are currently assessing the impact of COVID -19. The situation is evolving rapidly and it is not possible at this stage to determine with any certainty the impact on the Company, its customers, employees and suppliers. The directors are continually reviewing their plans and forecasts and believe that the going concern basis is appropriate.

1c. Depreciation |  |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight line and reducing balance methods.Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed ,and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Plant And Machinery |  | reducing balance 25%
Fixtures And Fittings |  | reducing balance 15% and 4% Straight Line %

1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Associated Stone Group Limited

1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

1f. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable , excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognized:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
The amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.

1g. Government Grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of the grants is included in creditors as deferred income.
Grants of revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

1h. Investments
Investments held as fixed assets are shown as cost less provision for impairment.

1i. Statutory Information
Associated Stone Group Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 02972129 and registered office address is 20 Ropery Business Park, 48 Anchor & Hope Lane, London, SE7 7RX.

Associated Stone Group Limited

1j. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out -right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date. Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1k. Consolidation
In the opinion of the directors, the Company and its subsidiary undertakings comprise a small group. The Company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts. These financial statements present information about the Company as an individual undertaking and not about its group.

1l. Foreign Currency Translation
The Company's functional and presentational currency is GBP. Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within finance income or costs. All other foreign exchange gains and losses are presented in profit or loss within other operating income.

1m. Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

Associated Stone Group Limited

1n. Interest Income
Interest income is recognised in profit or loss using the effective interest method.

1o. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

1p. Current And Deferred Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.The current income 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 income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of Financial Position date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

1q. Longterm Contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included within creditors as payments on account.

1r. Cash And Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Associated Stone Group Limited

1s. Judgements In Applying Accounting Policies And Key Sources Of Estimation Uncertainty
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.
The Directors consider that the assessment of work undertaken and related amounts recoverable on long term contracts are the key sources of estimation uncertainty.

1t. Leased Assets The Company As Lessee
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

1u. Commitments Under Operating Leases
At 31 March 2024 the Company had future minimum lease due under non-cancellable operating leases for each of the following periods:
Later than 1 year and not later than 5 years £91,246, (2024 - £91,246).

2. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | 32 |  | 33

Associated Stone Group Limited

3. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |
|  | Plant and |  | Fixtures |  |  |  |
|  | Machinery |  | and Fittings |  | Motor Cars |  | Total
|  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |
At 1 April 2024 |  | 371,643 |  | 212,782 |  | 40,421 |  | 624,846
Additions |  | 22,676 |  | 8,316 |  | - |  | 30,992
At 31 March 2025 |  | 394,319 |  | 221,098 |  | 40,421 |  | 655,838
Depreciation |  |  |  |  |  |  |  |
At 1 April 2024 |  | 266,015 |  | 161,218 |  | 40,421 |  | 467,654
For the year |  | 32,076 |  | 9,162 |  | - |  | 41,238
At 31 March 2025 |  | 298,091 |  | 170,380 |  | 40,421 |  | 508,892
Net Book Amounts |  |  |  |  |  |  |  |
At 31 March 2025 |  | 96,228 |  | 50,718 |  | - |  | 146,946
At 31 March 2024 |  | 105,628 |  | 51,564 |  | - |  | 157,192

4. FINANCIAL ASSETS |  |  |  |
|  | Shares in group companies |  |
|  | and participating interests |  | Total
|  | £ |  | £
Cost |  |  |  |
At 1 April 2024 |  | 199,695 |  | 199,695
At 31 March 2025 |  | 199,695 |  | 199,695
Amortisation |  |  |  |
Net Book Amounts |  |  |  |
At 31 March 2025 |  | 199,695 |  | 199,695
At 31 March 2024 |  | 199,695 |  | 199,695
In the opinion of the Directors, the aggregate value of the Company's interests in its subsidiary undertakings, including amounts owing, is not less than the values stated in the balance sheet. |
The following were subsidiary undertakings of the Company: |
Pooley's of Greenwich Limited - Ordinary shares 100% Holding ; Associated Stone Contracting Ltd - Ordinary shares 100% Holding |

5. STOCK |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Stock comprises: |  |  |  |  |  |
Stock |  |  |  | 255,750 |  | 245,750
|  |  |  | 255,750 |  | 245,750

Associated Stone Group Limited

6. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 531,305 |  | 1,376,535
Other debtors |  |  |  | 1,821,654 |  | 1,491,386
Prepayments |  |  |  | 18,600 |  | 8,151
|  |  |  | 2,371,559 |  | 2,876,072

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Taxation and social security |  |  |  | 210,304 |  | 347,414
Loans |  |  |  | 81,250 |  | 112,500
Trade creditors |  |  |  | 267,102 |  | 543,036
Other creditors |  |  |  | 289,377 |  | 364,272
Accruals |  |  |  | 85,520 |  | 159,738
|  |  |  | 933,553 |  | 1,526,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Loans |  |  |  | 37,300 |  | 118,550
|  |  |  | 37,300 |  | 118,550

9. PROVISIONS FOR LIABILITIES |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Deferred taxation |  |  |  | 36,430 |  | 29,666
|  |  |  | 36,430 |  | 29,666

Associated Stone Group Limited

10. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
2 Ordinary shares of £1.00 each |  |  |  | 2 |  | 2
|  |  |  | 2 |  | 2

11. RELATED PARTY TRANSACTIONS
The Company has taken exemption under section 1AC.35 of the Financial Reporting Standard 102 1A from disclosing transactions with group companies, on the grounds that each company party to the transactions is wholly owned within the group. At the balance sheet date, the amount owed to Mactail Marble and Granite Holdings Ltd was £160,488, (2024 - £252,852), a company which is 50% owned by R.C. Pooley's father.
During the year the amounts of £63,973, (2024- £104,233), was loaned to R.E Pooley pension fund and the amounts of £Nil, (2024- £64,937), was loaned to ASGPPT pension fund. Interest will be charged on these amounts.
Included in other debtors is amount due from the directors. The maximum amount overdrawn on the directors loan account in the year was £992,968, (2024- £951,587).

12. CONTROLLING PARTY
The ultimate holding company is Russell Pooley Group Holdings Ltd, which is registered in England and Wales.
The Company was under the control of R C Pooley, by virtue of his 100% shareholding in Associated Stone Holdings Limited, the Company`s parent entity.