Registration number: 04393050

Stonecutters Limited

Contents

Company Information	1
Statement of financial position	2
Notes to the Unaudited Financial Statements	3 to 9

Stonecutters Limited

Company Information

Directors

Mr Michael William Murphy Mrs Linda Rose Murphy

Company secretary

Mrs Linda Rose Murphy

Registered office

Unit 21 Horsley's Fields King's Lynn Norfolk PE30 5DD

Accountants

Hayhow & Co Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields Kings Lynn Norfolk PE30 5DD

Stonecutters Limited

(Registration number: 04393050)
Statement of financial position as at 30 April 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	2,543	3,450
Other financial assets	6	100,923	98,480
		103,466	101,930
Current assets
Stocks	7	57,176	86,621
Debtors	8	51,192	114,466
Cash at bank and in hand		392,668	322,901
		501,036	523,988
Creditors: Amounts falling due within one year	9	(36,155)	(85,991)
Net current assets		464,881	437,997
Total assets less current liabilities		568,347	539,927
Provisions for liabilities		(636)	(647)
Net assets		567,711	539,280
Capital and reserves
Called up share capital	10	100	100
Retained earnings		567,611	539,180
Shareholders' funds		567,711	539,280

For the financial year ending 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:
 

......................................... Mr Michael William Murphy Director

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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:
Unit 21 Horsley's Fields
King's Lynn
Norfolk
PE30 5DD

The principal place of business is:
The Shooting Box
Church Street
North Creake
Fakenham
Norfolk
NR21 9JQ

These financial statements were authorised for issue by the Board on 4 June 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 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.

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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.

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
Fixtures and fittings	25% Reducing balance
Motor vehicles	25% Reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

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.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

4	Intangible assets

Cost or valuation

Amortisation

Carrying amount

At 30 April 2026

5	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2025	37,701	15,823	53,524
Disposals	-	(15,823)	(15,823)
At 30 April 2026	37,701	-	37,701
Depreciation
At 1 May 2025	34,310	15,764	50,074
Charge for the year	848	-	848
Eliminated on disposal	-	(15,764)	(15,764)
At 30 April 2026	35,158	-	35,158
Carrying amount
At 30 April 2026	2,543	-	2,543
At 30 April 2025	3,391	59	3,450

6	Other financial assets (current and non-current)

	General Investment Fund £	Total £
Non-current financial assets
Cost or valuation
At 1 May 2025	100,923	100,923
At 30 April 2026	100,923	100,923
Impairment
Carrying amount
At 30 April 2026	100,923	100,923

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

7

Stocks

	2026 £	2025 £
Other inventories	57,176	86,621

8

Debtors

Current	Note	2026 £	2025 £
Trade debtors		6,000	4,650
Amounts owed by related parties	11	45,000	109,604
Prepayments		192	212
		51,192	114,466

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		-	2,396
Amounts due to related parties	11	8,543	7,584
Social security and other taxes		4,521	4,042
Other payables		8,444	60,678
Accruals		1,740	1,705
Tax liability		11,282	9,315
Gross amount due to customers for contract work		1,625	271
		36,155	85,991

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	45	45	45	45
Ordinary B of £1 each	45	45	45	45
Ordinary C of £1 each	10	10	10	10
	100	100	100	100

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

11	Related party transactions

Summary of transactions with all entities with joint control or significant interest

Kitchens etc Goods and services

Income and receivables from related parties

2026	Entities with joint control or significant influence £
Sale of goods	93,250

Stonecutters Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2026

2025	Entities with joint control or significant influence £
Sale of goods	69,280

Loans to related parties

2026	Entities with joint control or significant influence £	Total £
At start of period	109,605	109,605
Repaid	(64,605)	(64,605)
At end of period	45,000	45,000

2025	Entities with joint control or significant influence £	Total £
At start of period	109,605	109,605
At end of period	109,605	109,605