Company registration number 00706420 (England and Wales)
STONEBRIDGE UK LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
STONEBRIDGE UK LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 12
STONEBRIDGE UK LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr J Green
Mr P Green
Mr L Green
Ms B Green
Ms T Green
Secretary
Mr L Green
Company number
00706420
Registered office
Unit J Howland Business Park
Howland Road
Thame
Oxfordshire
OX9 3GQ
Auditor
Verallo
Century House
Wargrave Road
Henley-on-Thames
Oxfordshire
United Kingdom
RG9 2LT
STONEBRIDGE UK LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,557
2,332
Current assets
Stocks
132,444
130,646
Debtors
5
1,238,921
1,757,956
Cash at bank and in hand
132,184
37,314
1,503,549
1,925,916
Creditors: amounts falling due within one year
6
(930,526)
(1,302,357)
Net current assets
573,023
623,559
Total assets less current liabilities
576,580
625,891
Creditors: amounts falling due after more than one year
7
(16,715)
(56,739)
Net assets
559,865
569,152
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
558,865
568,152
Total equity
559,865
569,152

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

STONEBRIDGE UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 17 February 2026 and are signed on its behalf by:
Mr J Green
Director
Company Registration No. 00706420
The notes on pages 5 to 12 form part of these financial statements
STONEBRIDGE UK LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 June 2023
1,000
563,454
564,454
Year ended 31 May 2024:
Profit and total comprehensive income for the year
-
4,698
4,698
Balance at 31 May 2024
1,000
568,152
569,152
Year ended 31 May 2025:
Loss and total comprehensive income for the year
-
(9,287)
(9,287)
Balance at 31 May 2025
1,000
558,865
559,865
The notes on pages 5 to 12 form part of these financial statements
STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
1
Accounting policies
Company information

Stonebridge UK Limited (00706420) is a private company limited by shares incorporated in England and Wales. The registered office is Unit J Howland Business Park, Howland Road, Thame, Oxfordshire, OX9 3GQ.

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, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

1.3
Turnover

Turnover 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. Turnover 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 recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -

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:

Plant and equipment
20% straight line
Fixtures and fittings
25% straight line

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 net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price, less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

1.6
Cash at bank and in hand

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
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 7 -
Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.8
Taxation

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

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.

1.9
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.

1.10
Retirement benefits

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

STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 8 -
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2025
2024
Number
Number
Total
8
12
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
-
0
500
STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Total
£
£
£
Cost
At 1 June 2024
60,000
38,161
98,161
Additions
-
0
2,457
2,457
At 31 May 2025
60,000
40,618
100,618
Depreciation
At 1 June 2024
60,000
35,829
95,829
Depreciation charged in the year
-
0
1,232
1,232
At 31 May 2025
60,000
37,061
97,061
Carrying amount
At 31 May 2025
-
0
3,557
3,557
At 31 May 2024
-
0
2,332
2,332
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
324,131
341,539
Amounts owed by group undertakings
873,320
1,375,268
Prepayments and accrued income
41,470
41,149
1,238,921
1,757,956
STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 10 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
40,000
40,000
Other borrowings
-
0
308,608
Trade creditors
43,871
43,073
Amounts owed to group undertakings
669,391
673,920
Corporation tax
-
0
500
Other taxation and social security
115,940
141,897
Other creditors
18,463
18,573
Accruals and deferred income
42,861
75,786
930,526
1,302,357

During the year, a clause was evoked by a company under common control, to request payment of the £308,608 loan held at 31 May 2024. Repayment was made in line with the request.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
16,715
56,739

A Coronavirus Business Interruption Loan was obtained on 31 October 2020 and is repayable in instalments by 31 October 2026. Repayment commenced on 31 October 2020. Interest for the first year is supported by the government, thereafter interest is charged at a floating rate basis, under which the interest rate is never less than 3.39% per annum. The loan is secured by way of a legal charge over the group's assets.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000

The company has one class of ordinary shares. Each share has full voting rights, rights to dividends and a right to a capital distribution (including on winding up). There are no rights to redeem the shares.

STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 11 -
9
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
7,675
13,639

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,493 (2024 - £3,450) were due to the fund and have been included within creditors.

10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Michelle Hewitt-Dutton FCCA and the auditor was Verallo.
11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
47,684
91,488
12
Financial commitments, guarantees and contingent liabilities

The company has guaranteed the bank borrowings of its parent company, Stonebridge Holdings Limited. At the balance sheet date the amount owed to the bank by Stonebridge Holdings Limited was £nil (2024: £783,055).

STONEBRIDGE UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 12 -
13
Related party transactions

The company has taken advantage of the exemption allowed under FRS 102 s33. 1A not to disclose transactions with other wholly owned members of the group.

During the year the company entered into transactions totalling £61,354 (2024: £56,300) with a company under common control. At the year end the company owed the related party £8,720 (2024: £5,630).

During the year, the company repaid £308,608 to an entity under common control. Interest of £36,141 was paid during the year.

14
Parent company

The directors consider that the parent undertaking of the company is Stonebridge Holdings Limited, a company incorporated in England and Wales, company number 05174535, which owns 100% of the issued share capital in the company.

The smallest and largest group in which the results of the company are consolidated is that headed by the controlling party, Stonebridge Holdings Limited. The consolidated accounts are available from the company's registered office at Unit J Howland Business Park, Howland Road, Thame, Oxfordshire, OX9 3GQ.

In the opinion of the directors, there is no individual ultimate controlling party.

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