A & Y Stone Plant Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04776100 (England and Wales)

A & Y Stone Plant Limited

Abridged Unaudited Financial Statements

for the Year Ended 30 June 2023

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M P Stone

D J Stone

A G Stone

Mrs Y J J Stone

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

04776100 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

HSBC Bank plc

6-8 Colliers Walk

Nailsea

North Somerset

BS48 1RH

FIXED ASSETS

Intangible assets

5

3,860

5,790

Tangible assets

6

67,968

47,018

Investments

7

45,794

50,000

117,622

102,808

CURRENT ASSETS

Debtors

28,788

10,794

Cash at bank

371,412

513,400

400,200

524,194

CREDITORS

Amounts falling due within one year

108,878

95,408

NET CURRENT ASSETS

291,322

428,786

TOTAL ASSETS LESS CURRENT LIABILITIES

408,944

531,594

PROVISIONS FOR LIABILITIES

12,914

8,933

NET ASSETS

396,030

522,661

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

395,930

522,561

SHAREHOLDERS' FUNDS

396,030

522,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2024 and were signed on its behalf by:

M P Stone - Director

1.	STATUTORY INFORMATION

A & Y Stone Plant 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 was being amortised over 20 years from the date of purchase of the business in 2009 but this policy was changed with effect 1 July 2015 to write off over 9 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 etc

-

25% on reducing balance and 15% on reducing balance

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2022

and 30 June 2023

38,600

AMORTISATION

At 1 July 2022

32,810

Amortisation for year

1,930

At 30 June 2023

34,740

NET BOOK VALUE

At 30 June 2023

3,860

At 30 June 2022

5,790

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2022

267,690

Additions

43,380

At 30 June 2023

311,070

DEPRECIATION

At 1 July 2022

220,672

Charge for year

22,430

At 30 June 2023

243,102

NET BOOK VALUE

At 30 June 2023

67,968

At 30 June 2022

47,018

7.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 July 2022

50,000

Additions

491

Revaluations

(4,697

)

At 30 June 2023

45,794

NET BOOK VALUE

At 30 June 2023

45,794

At 30 June 2022

50,000

Cost or valuation at 30 June 2023 is represented by:

Totals

£

Valuation in 2023

45,794