| REGISTERED NUMBER: |
| Monolith Brick And Stone Limited |
| Financial Statements |
| for the Year Ended 31 March 2026 |
| REGISTERED NUMBER: |
| Monolith Brick And Stone Limited |
| Financial Statements |
| for the Year Ended 31 March 2026 |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Contents of the Financial Statements |
| for the year ended 31 March 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Monolith Brick And Stone Limited |
| Company Information |
| for the year ended 31 March 2026 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants |
| Irish Square |
| Upper Denbigh Road |
| St Asaph |
| Denbighshire |
| LL17 0RN |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Balance Sheet |
| 31 March 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 10 |
| Capital contribution reserve | 10 |
| Retained earnings | 10 | ( |
) | ( |
) |
| ( |
) | ( |
) |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Notes to the Financial Statements |
| for the year ended 31 March 2026 |
| 1. | STATUTORY INFORMATION |
| Monolith Brick And Stone Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. |
| These financial statements have been presented in pound sterling which is the functional currency of the Company, and rounded to the nearest £1. |
| The following principal accounting policies have been applied: |
| Critical accounting judgements and key sources of estimation uncertainty |
| In preparing these financial statements, the directors have made the following judgments: |
| - determine whether there are indicators of impairment of the Company's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset. |
| - determine whether there are indicators of impairment of the Company's trade and other debtors. When assessing impairment of trade and other debtors, management considers factors such as the ageing profile and historical experience. |
| Going concern |
| The Company's forecasts and projections which take into account the risks and uncertainties, show that the Company should be able to operate within the level of its current working capital requirements, the ongoing support of its owner, Mr S P Waring, is expected to continue. The Company is expecting to significantly increase revenue over the coming years and move to a position of profit generation. |
| The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of at least 12 months from the date of approval of these financial statements, as supported by its owner, Mr S P Waring. For this reason, they continue to adopt, and consider appropriate, the going concern basis in preparing the financial statements. |
| Revenue |
| 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 recognised: |
| Sale of goods |
| Revenue 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. |
| Revenue from the sale of goods includes products that have been made available for collection where any delay in collection is solely due to the customer's inability or failure to collect the goods. |
| Rendering of services |
| 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. |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| 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. |
| 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 first in, first out basis. Work in progress and finished goods include labour and attributable overheads. |
| At each reporting 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Operating leases: the company as lessee |
| Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. |
| Pensions |
| Defined contribution pension plan |
| 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. |
| Finance costs |
| Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 April 2025 |
| Additions |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2025 |
| Additions |
| At 31 March 2026 |
| DEPRECIATION |
| At 1 April 2025 |
| Charge for year |
| At 31 March 2026 |
| NET BOOK VALUE |
| At 31 March 2026 |
| At 31 March 2025 |
| 5. | STOCKS |
| 2026 | 2025 |
| £ | £ |
| Stocks |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Deferred tax asset |
| Prepayments |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Other loans |
| Trade creditors |
| Social security and other taxes |
| VAT | 25,029 | 10,286 |
| Other creditors |
| Directors' current accounts | 1,455 | 1,455 |
| Deferred income |
| Accrued expenses |
| Amounts owed to related parties are unsecured, interest free and repayable on demand. |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2026 | 2025 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | PROVISIONS FOR LIABILITIES |
| 2026 | 2025 |
| £ | £ |
| Other provisions | 113,085 | 113,085 |
| Deferred | Other |
| tax | provisions |
| £ | £ |
| Balance at 1 April 2025 | ( |
) |
| Accelerated Capital Allowances | 8,825 | - |
| Losses Carried Forward | (83,459 | ) | - |
| Balance at 31 March 2026 | ( |
) |
| 10. | RESERVES |
| Capital Contribution Reserve |
| This comprises a capital contribution following the release of a liability owed to the parent company. |
| Retaining Earnings |
| This comprises accumulated profits and losses. |
| 11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 12. | PENSION COMMITMENTS |
| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £20,976 (2025 - £7,743). Contributions totalling £0 (2025 - £1,921) were payable to the fund at the reporting date and are included in creditors. |
| Monolith Brick And Stone Limited (Registered number: 09876675) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2026 |
| 13. | RELATED PARTY DISCLOSURES |
| During the year, the loan previously owed to Greenthumb Limited was transferred to S P Waring. The outstanding balance at the year end was £835,000. |
| As at the year end the Company owes £1,455 (2025 - £1,455) to the directors. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr S P Waring. |
| The ultimate controlling party is S P Waring by virtue of his shareholding in the parent company, Monolith Holdings Limited. |
| The Company is a wholly owned subsidiary of Monolith Holdings Limited. Monolith Holdings Limited is the ultimate parent company. |
| 15. | MATERIAL UNCERTAINTY RELATED TO GOING CONCERN |
| The company is awaiting the outcome of its application for accreditation to undertake work on High Risk Buildings and, at the date of approval of these financial statements, the outcome remains uncertain. The directors' forecasts assume the accreditation will be obtained and that financial support will continue to be available from the shareholder under a letter of comfort. These matters indicate the existence of a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern. The financial statements have been prepared on a going concern basis. |