Stone & Hynard Limited,Ltd - AccountsLtd - Accounts

Stone & Hynard Limited,Ltd - AccountsLtd - Accounts

STONE & HYNARD LIMITED - Company Information

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2017-02-01 09409605 2018-01-31 09409605 2017-02-01 2018-01-31 09409605 2017-01-31 09409605 2016-02-01 2017-01-31 09409605 uk-core:WithinOneYear 2017-01-31 09409605 uk-core:WithinOneYear 2018-01-31 09409605 uk-core:AfterOneYear 2017-01-31 09409605 uk-core:AfterOneYear 2018-01-31 09409605 uk-core:ShareCapital 2018-01-31 09409605 uk-core:ShareCapital 2017-01-31 09409605 uk-core:RetainedEarningsAccumulatedLosses 2018-01-31 09409605 uk-core:RetainedEarningsAccumulatedLosses 2017-01-31 09409605 uk-bus:Director1 2017-02-01 2018-01-31 09409605 uk-core:ComputerEquipment 2017-02-01 2018-01-31 09409605 uk-core:FurnitureFittings 2017-02-01 2018-01-31 09409605 uk-core:ComputerEquipment 2017-01-31 09409605 uk-core:FurnitureFittings 2017-01-31 09409605 uk-core:FurnitureFittings 2018-01-31 09409605 uk-core:ComputerEquipment 2018-01-31 iso4217:GBP 09409605 uk-bus:AuditExemptWithAccountantsReport 2017-02-01 2018-01-31 09409605 uk-bus:FRS102 2017-02-01 2018-01-31 09409605 uk-bus:FullAccounts 2017-02-01 2018-01-31 09409605 uk-bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31
Draft
Stone & Hynard Limited
Registered Number:09409605
For the year ended 31 January 2018
England and Wales
Unaudited Financial Statements
2
Draft
For the year ended 31 January 2018
Stone & Hynard Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Draft
As at 31 January 2018
Stone & Hynard Limited
Statement of Financial Position
Registered Number :
09409605
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
331
921
2
331
921
Current assets
Inventories
445,530
488,891
3
1,326
Cash and cash equivalents
34,618
523,509
446,856
Trade and other payables: amounts falling due within one
year
(256,327)
(351,165)
4
190,529
172,344
Net current assets
Total assets less current liabilities
172,675
191,450
Trade and other payables: amounts falling due after more
than one year
(202,907)
(202,111)
5
(29,436)
Net liabilities
(11,457)
Capital and reserves
Called up share capital
5
5
Retained earnings
(29,441)
(11,462)
(29,436)
(11,457)
Shareholders' funds
For the year ended 31 January 2018 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 year ended 31 January 2018 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 Darren Paul Stone Director
These financial statements were approved and authorised for issue by the Board on 31 October 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
Draft
For the year ended 31 January 2018
Stone & Hynard Limited
Notes to the Financial Statements
Statutory Information
Stone & Hynard Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09409605.
Registered address:
11A Firgrove Hill
Farnham
Surrey
United Kingdom
GU9 8LH
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.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
33% Straight line
Computer Equipment
25% Reducing balance
Furniture and Fittings
Going Concern
Although the balance sheet is negative, the directors have indicated their intention to support the company for the
foreseeable future, a period not expected to be less than one year.
2 of 3
5
Draft
For the year ended 31 January 2018
Stone & Hynard Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 February 2017
2,225
1,438
787
At 31 January 2018
787
1,438
2,225
Provision for depreciation and impairment
At 01 February 2017
1,304
959
345
Charge for year
590
479
111
At 31 January 2018
1,894
1,438
456
At 31 January 2018
Net book value
331
-
331
At 31 January 2017
442
479
921
3. Inventories
2017
2018
£
£
Stocks
488,891
445,530
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Directors' loan accounts
351,165
256,327
5. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Bank loans and overdraft (secured)
202,111
202,907
3 of 3