Stone Classic Cars Ltd,Ltd - AccountsLtd - Accounts

Stone Classic Cars Ltd,Ltd - AccountsLtd - Accounts

STONE CLASSIC CARS LTD - Company Information

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2020-11-17 13026301 2022-04-30 13026301 2020-11-17 2022-04-30 13026301 uk-core:WithinOneYear 2022-04-30 13026301 uk-core:ShareCapital 2022-04-30 13026301 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 13026301 uk-bus:Director1 2020-11-17 2022-04-30 iso4217:GBP xbrli:pure 13026301 uk-bus:AuditExemptWithAccountantsReport 2020-11-17 2022-04-30 13026301 uk-bus:FRS102 2020-11-17 2022-04-30 13026301 uk-bus:FullAccounts 2020-11-17 2022-04-30 13026301 uk-bus:PrivateLimitedCompanyLtd 2020-11-17 2022-04-30
Stone Classic Cars Ltd
Registered Number:13026301
For the period 17 November 2020 to 30 April 2022
England and Wales
Unaudited Financial Statements
2
For the period 17 November 2020 to 30 April 2022
Stone Classic Cars Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
13026301
As at 30 April 2022
Stone Classic Cars Ltd
Statement of Financial Position
£
2022
Notes
Current assets
Inventories
89,237
2
Trade and other receivables
10,107
3
Cash and cash equivalents
10,189
109,533
Trade and other payables: amounts falling due within one year
(108,177)
4
1,356
Net current assets
Total assets less current liabilities
1,356
1,356
Net assets/liabilities
Capital and reserves
Called up share capital
2
Retained earnings
1,354
1,356
Shareholders' funds
For the period 17 November 2020 to 30 April 2022 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 of its financial statements for the period 17 November 2020 to 30 April 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Robert Bickerton Director
These financial statements were approved and authorised for issue by the Board on 27 July 2022 and were signed by:
The notes form part of these financial statements
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4
For the period 17 November 2020 to 30 April 2022
Stone Classic Cars Ltd
Notes to the Financial Statements
Statutory Information
Stone Classic Cars Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
13026301.
Registered address:
43a Whitebridge Ind Est
Stone
Staffordshire
ST15 8LQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2. Inventories
2022
£
Stocks
89,237
3. Trade and other receivables
2022
£
Trade debtors
8,440
Other debtors
1,667
10,107
2 of 3
5
For the period 17 November 2020 to 30 April 2022
Stone Classic Cars Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
£
Trade creditors
6,640
Taxation and social security
569
Other creditors
100,968
108,177
5. Related party transactions
The directors loan accounts balance totals £100,898. These loans are interest free with no fixed date of repayment.
6. Average number of persons employed
During the year the average number of employees was 2
3 of 3