Glebe Stone Sales Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04646307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2026

FOR

GLEBE STONE SALES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Smith

A M Smith

SECRETARY:

T Smith

REGISTERED OFFICE:

Heritage Barn

13 Main Street

Upton

Newark

Nottinghamshire

NG23 5ST

REGISTERED NUMBER:

04646307 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

61,072

108,857

61,072

108,857

CURRENT ASSETS

Debtors

6

46,780

48,616

Cash at bank

27,362

50,496

74,142

99,112

CREDITORS

Amounts falling due within one year

7

33,484

54,419

NET CURRENT ASSETS

40,658

44,693

TOTAL ASSETS LESS CURRENT
LIABILITIES

101,730

153,550

PROVISIONS FOR LIABILITIES

8

11,282

21,358

NET ASSETS

90,448

132,192

CAPITAL AND RESERVES

Called up share capital

9

997

Retained earnings

89,451

131,195

SHAREHOLDERS' FUNDS

90,448

132,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th August 2026 and were signed on its behalf by:

T Smith - Director

A M Smith - Director

1.	STATUTORY INFORMATION

Glebe Stone Sales Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost and 10% on reducing balance

Fixtures and fittings

-

50% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st June 2025

and 31st May 2026

150,000

AMORTISATION

At 1st June 2025

and 31st May 2026

150,000

NET BOOK VALUE

At 31st May 2026

-

At 31st May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st June 2025

873,538

807

22,660

2,774

899,779

Additions

1,562

-

159

1,721

At 31st May 2026

875,100

807

22,660

2,933

901,500

DEPRECIATION

At 1st June 2025

775,909

803

11,900

2,310

790,922

Charge for year

46,606

4

2,690

206

49,506

At 31st May 2026

822,515

807

14,590

2,516

840,428

NET BOOK VALUE

At 31st May 2026

52,585

-

8,070

417

61,072

At 31st May 2025

97,629

4

10,760

464

108,857

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Trade debtors

39,441

37,329

Prepayments

7,339

11,287

46,780

48,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/26

31/5/25

£

Trade creditors

11,611

13,324

Tax

6,192

11,727

Social security and other taxes

957

1,054

VAT

2,118

16,087

Other creditors

210

206

Directors' current accounts

1,877

381

Accrued expenses

10,519

11,640

33,484

54,419

8.	PROVISIONS FOR LIABILITIES

31/5/26

31/5/25

£

Deferred tax

11,282

21,358

Deferred

tax

£

Balance at 1st June 2025

21,358

Provided during year

(10,076

)

Balance at 31st May 2026

11,282

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/26

31/5/25

value:

£

996

Ordinary

£1

996

1

Ordinary 'A' Non-Voting

£1

1

997

10.	ULTIMATE CONTROLLING PARTY

Mr T Smith and his wife own 100% of the issued voting shares of the company.