REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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STONE CONNECTION (UK) LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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FOR |
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STONE CONNECTION (UK) LIMITED |
STONE CONNECTION (UK) LIMITED (REGISTERED NUMBER: 05298496) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
STONE CONNECTION (UK) LIMITED (REGISTERED NUMBER: 05298496) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 3 | ( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Capital redemption reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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STONE CONNECTION (UK) LIMITED (REGISTERED NUMBER: 05298496) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting |
Standard for Smaller Entities (effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company. |
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Turnover |
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. |
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Tangible fixed assets and depreciation |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less |
estimated residual value of each asset over its expected useful life, as follows: |
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Plant and machinery | 20% - reducing balance |
Fixtures, fittings & equipment | 20% - reducing balance |
Motor vehicles | 25% - reducing balance |
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Stock |
Stock is valued at the lower of cost and net realisable value. |
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Deferred taxation |
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for |
taxation and accounting purposes. The deferred tax balance has not been discounted. |
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Leasing and hire purchase commitments |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. Assets obtained under |
hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under |
such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental |
payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding |
in each period. |
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Pensions |
The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss |
account. |
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Revenue recognition |
Income represents revenue earned under a wide variety of contracts to provide goods and services. Revenue is recognised as earned |
when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is |
measured at the fair value of the right to consideration, which represents amounts chargeable to clients, excluding value added tax. |
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Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of |
the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to |
the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant |
amount of revenue are included in creditors. |
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Employer financed retirement benefit schemes (efrbs) |
On 7 August 2013, the Company established an EFRBS for the benefit of its officers, employees and their wider families, The Stone |
Connection (UK) Limited 2013 EFRBS ('the Scheme'). |
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No additions were made to the Scheme during the current accounting period. |
STONE CONNECTION (UK) LIMITED (REGISTERED NUMBER: 05298496) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
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Additions |
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Disposals | ( |
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At 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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Ordinary A | £1 |
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Ordinary B | £1 |
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502 | 502 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to directors subsisted during the years ended 31 March 2016 and 31 March 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year | ( |
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The above loan is unsecured, interest free and repayable on demand. |