Registration number: 06199291

Stonerite Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Stonerite Limited

Statement of Financial Position as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	576,745	615,055
Current assets
Stocks		100,200	79,558
Debtors	5	193,176	137,793
Cash at bank and in hand		221,612	176,104
		514,988	393,455
Creditors: Amounts falling due within one year	6	(154,276)	(86,129)
Net current assets		360,712	307,326
Total assets less current liabilities		937,457	922,381
Creditors: Amounts falling due after more than one year	6	(204,286)	(245,295)
Provisions for liabilities		(61,571)	(50,948)
Net assets		671,600	626,138
Capital and reserves
Called up share capital		20,850	20,850
Retained earnings		650,750	605,288
Shareholders' funds		671,600	626,138

For the financial year ending 31 March 2026 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.

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 Statement of Comprehensive Income.

Approved and authorised by the director on 1 June 2026
 

......................................... Mr Nigel James Hinchly Director

(Registration number: 06199291)

Stonerite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

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

The address of its registered office is:
Unit 8a Greenway
Bedwas House Ind. Estate
Caerphilly
CF83 8DW

These financial statements were authorised for issue by the director on 1 June 2026.

2	Accounting policies

Statement of compliance

These 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 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.

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.

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.

Stonerite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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 Buildings	2% Straight Line
Plant and Machinery	10% / 20% Straight Line
Fixtures and Fittings	20% Straight Line
Motor Vehicles	25% Straight Line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Stonerite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2025 - 8).

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 April 2025	358,459	15,321	744,197	53,985
Additions	-	-	14,105	-
At 31 March 2026	358,459	15,321	758,302	53,985
Depreciation
At 1 April 2025	24,500	14,796	469,207	48,404
Charge for the year	3,500	326	43,008	5,581
At 31 March 2026	28,000	15,122	512,215	53,985
Carrying amount
At 31 March 2026	330,459	199	246,087	-
At 31 March 2025	333,959	525	274,990	5,581

	Total £
Cost or valuation
At 1 April 2025	1,171,962
Additions	14,105
At 31 March 2026	1,186,067
Depreciation
At 1 April 2025	556,907
Charge for the year	52,415
At 31 March 2026	609,322
Carrying amount
At 31 March 2026	576,745
At 31 March 2025	615,055

Included within the net book value of land and buildings above is £330,459 (2025 - £333,959) in respect of freehold land and buildings.
 

Stonerite Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5

Debtors

Current	2026 £	2025 £
Trade debtors	156,540	88,906
Other debtors	36,636	48,887
	193,176	137,793

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings		36,673	46,018
Trade creditors		18,377	260
Taxation and social security		94,321	36,058
Accruals and deferred income		2,934	2,934
Other creditors		1,971	859
		154,276	86,129

Bank loans of £16,673 (2025: £14,023) are secured on the assets of the company. Included in other creditors is an amount of £20,000 (2025: £19,962) owed under hire purchase agreements.

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings		204,286	245,295

Bank loans of £145,953 (2025: £164,191) are secured on the assets of the company.