Sutton Stone & Ceramics Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09012129 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Sutton Stone & Ceramics Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountant

8

DIRECTORS:

G Hughes

T E Willmore

REGISTERED OFFICE:

Lombard House

Cross Keys

Lichfield

Staffordshire

WS13 6DN

REGISTERED NUMBER:

09012129 (England and Wales)

ACCOUNTANT:

Groucott Moor Limited

Lombard House

Cross Keys

Lichfield

Staffordshire

WS13 6DN

FIXED ASSETS

Intangible assets

4

-

10,000

Tangible assets

5

17,256

21,761

17,256

31,761

CURRENT ASSETS

Stocks

6

6,000

6,000

Debtors

7

209,906

106,413

Cash at bank and in hand

3,978

9,638

219,884

122,051

CREDITORS

Amounts falling due within one year

8

155,478

78,737

NET CURRENT ASSETS

64,406

43,314

TOTAL ASSETS LESS CURRENT LIABILITIES

81,662

75,075

CREDITORS

Amounts falling due after more than one year

9

(12,667

)

(17,340

)

PROVISIONS FOR LIABILITIES

(3,279

)

(4,135

)

NET ASSETS

65,716

53,600

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

65,714

53,598

SHAREHOLDERS' FUNDS

65,716

53,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 January 2020 and were signed on its behalf by:

G Hughes - Director

1.	STATUTORY INFORMATION

Sutton Stone & Ceramics Ltd 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 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

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 NIL (2018 - 2 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2018

and 30 April 2019

50,000

AMORTISATION

At 1 May 2018

40,000

Amortisation for year

10,000

At 30 April 2019

50,000

NET BOOK VALUE

At 30 April 2019

-

At 30 April 2018

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 May 2018

1,220

4,065

29,092

34,377

Additions

1,533

-

-

1,533

At 30 April 2019

2,753

4,065

29,092

35,910

DEPRECIATION

At 1 May 2018

1,106

1,778

9,732

12,616

Charge for year

625

572

4,841

6,038

At 30 April 2019

1,731

2,350

14,573

18,654

NET BOOK VALUE

At 30 April 2019

1,022

1,715

14,519

17,256

At 30 April 2018

114

2,287

19,360

21,761

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2018

and 30 April 2019

29,092

DEPRECIATION

At 1 May 2018

9,732

Charge for year

4,841

At 30 April 2019

14,573

NET BOOK VALUE

At 30 April 2019

14,519

At 30 April 2018

19,360

6.

STOCKS

30.4.19

30.4.18

£

£

Finished goods

6,000

6,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

168,518

74,030

Other debtors

5,525

5,983

VAT

35,863

26,400

209,906

106,413

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

9,259

-

Hire purchase contracts

5,015

5,845

Trade creditors

67,301

42,350

Tax

36,643

19,495

Other creditors

37,081

2,948

Directors' current accounts

179

8,099

155,478

78,737

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.19

30.4.18

£

£

Hire purchase contracts

12,667

17,340

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

2

Ordinary

2

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Statement of Financial Position. Readers are cautioned that the Income

Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Groucott Moor Limited

Lombard House

Cross Keys

Lichfield

Staffordshire

WS13 6DN

7 January 2020