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Registered number: 09834033
Set In Stone (Southern) Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Loveless & Co Accountants Ltd
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Company Information
Directors Mr G Brown
Mr L Weston
Company Number 09834033
Registered Office 3a Catherington Business Park
Waterlooville
Hampshire
PO8 0AQ
Accountants Loveless & Co Accountants Ltd
Suite 1 Ground Floor, 4 Quay Point
Northarbour Road
Portsmouth
PO6 3TD
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Balance Sheet
Registered number: 09834033
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,814 18,149
16,814 18,149
CURRENT ASSETS
Stocks 5 98,094 72,621
Debtors 6 173,696 240,145
Cash at bank and in hand 91,963 41,768
363,753 354,534
Creditors: Amounts Falling Due Within One Year 7 (370,102 ) (351,167 )
NET CURRENT ASSETS (LIABILITIES) (6,349 ) 3,367
TOTAL ASSETS LESS CURRENT LIABILITIES 10,465 21,516
Creditors: Amounts Falling Due After More Than One Year 8 (10,413 ) (20,035 )
NET ASSETS 52 1,481
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account (48 ) 1,381
SHAREHOLDERS' FUNDS 52 1,481
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For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Brown
Director
Mr L Weston
Director
28/07/2026
The notes on pages 4 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Set In Stone (Southern) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09834033 . The registered office is 3a Catherington Business Park, Waterlooville, Hampshire, PO8 0AQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2024 5,767 35,699 - 1,717 43,183
Additions - - 4,269 - 4,269
As at 31 October 2025 5,767 35,699 4,269 1,717 47,452
Depreciation
As at 1 November 2024 4,920 18,763 - 1,351 25,034
Provided during the period 212 4,234 1,067 91 5,604
As at 31 October 2025 5,132 22,997 1,067 1,442 30,638
Net Book Value
As at 31 October 2025 635 12,702 3,202 275 16,814
As at 1 November 2024 847 16,936 - 366 18,149
5. Stocks
2025 2024
£ £
Work in progress 98,094 72,621
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 138,918 209,141
Other debtors 34,778 31,004
173,696 240,145
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,956 4,956
Trade creditors 42,594 50,682
Bank loans and overdrafts 93,089 131,437
Other creditors 33,808 33,808
Taxation and social security 195,655 130,284
370,102 351,167
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 10,413 15,368
Bank loans - 4,667
10,413 20,035
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,956 4,956
Later than one year and not later than five years 10,413 15,368
15,369 20,324
15,369 20,324
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Ultimate Controlling Party
The company is under the joint control of Mr G Brown and Mr L Weston.
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