Registration number: 03959668

Stoneaudio UK Limited

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 8

Stoneaudio UK Limited

Company Information

Director

Mr AJ Scott-Simons

Company secretary

Ward Goodman Company Services Ltd

Registered office

4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Accountants

Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Stoneaudio UK Limited

(Registration number: 03959668)
Abridged Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,669,062	694,534
Current assets
Stocks	5	145,000	136,777
Debtors		6,854	64,795
Cash at bank and in hand		15,760	201,104
		167,614	402,676
Prepayments and accrued income		30,413	475,824
Creditors: Amounts falling due within one year		(199,934)	(734,036)
Net current (liabilities)/assets		(1,907)	144,464
Total assets less current liabilities		1,667,155	838,998
Creditors: Amounts falling due after more than one year		(34,338)	(77,583)
Provisions for liabilities		(226,689)	(9,603)
Net assets		1,406,128	751,812
Capital and reserves
Called up share capital	6	2	2
Revaluation reserve		837,762	67,250
Retained earnings		568,364	684,560
Shareholders' funds		1,406,128	751,812

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Stoneaudio UK Limited

(Registration number: 03959668)
Abridged Balance Sheet as at 31 May 2025

Approved and authorised by the director on 29 May 2026
 

......................................... Mr AJ Scott-Simons Director

Stoneaudio UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

1	General information

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

The address of its registered office is:
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF
United Kingdom

These financial statements were authorised for issue by the director on 29 May 2026.

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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.

The financial statements are presented in pound sterling and rounded to the nearest £1.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Stoneaudio UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.

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.

Freehold property is under a 999 year lease. Due to the length of the lease the substance of the agreement has been interpreted such that freehold property is owned by Stoneaudio UK Limited.

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
Freehold property	2.5% on cost
Improvements to property	20% on cost
Fixtures and fittings	50% on cost and 25% reducing balance
Motor vehicles	20% reducing balance
Computer equipment	50% on cost and 33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are 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.

Borrowings

Stoneaudio UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Stoneaudio UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

4	Tangible assets

	Land and buildings £	Properties under construction  £	Fixtures and fittings £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 June 2024	785,000	210,938	42,464	40,438	119,046
Revaluations	1,011,250	-	-	-	-
Additions	-	-	491	-	-
At 31 May 2025	1,796,250	210,938	42,955	40,438	119,046
Depreciation
At 1 June 2024	176,625	210,938	37,115	40,438	38,236
Charge for the year	19,625	-	1,426	-	16,162
At 31 May 2025	196,250	210,938	38,541	40,438	54,398
Carrying amount
At 31 May 2025	1,600,000	-	4,414	-	64,648
At 31 May 2024	608,375	-	5,349	-	80,810

	Total £
Cost or valuation
At 1 June 2024	1,197,886
Revaluations	1,011,250
Additions	491
At 31 May 2025	2,209,627
Depreciation
At 1 June 2024	503,352
Charge for the year	37,213
At 31 May 2025	540,565
Carrying amount
At 31 May 2025	1,669,062
At 31 May 2024	694,534

Stoneaudio UK Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2025

Included within the net book value of land and buildings above is £1,600,000 (2024 - £608,375) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold property was revalued on 31 May 2025. An independent valuer was not involved.
 The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £541,675 (2024 - £559,619).

5

Stocks

	2025 £	2024 £
Stocks	145,000	136,777

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2