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REGISTERED NUMBER: 04646307 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2018

FOR

GLEBE STONE SALES LIMITED

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GLEBE STONE SALES LIMITED

COMPANY INFORMATION
for the Year Ended 31st January 2018







DIRECTORS: T Smith
A M Smith





SECRETARY: T Smith





REGISTERED OFFICE: Heritage Barn
13 Main Street
Upton
Newark
Nottinghamshire
NG23 5ST





REGISTERED NUMBER: 04646307 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

BALANCE SHEET
31st January 2018

31/1/18 31/1/17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 10,000
Tangible assets 5 229,872 231,213
229,872 241,213

CURRENT ASSETS
Debtors 6 63,801 56,085
Cash at bank 24,490 43,760
88,291 99,845
CREDITORS
Amounts falling due within one year 7 132,903 115,509
NET CURRENT LIABILITIES (44,612 ) (15,664 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,260

225,549

CREDITORS
Amounts falling due after more than one
year

8

(40,619

)

(57,741

)

PROVISIONS FOR LIABILITIES 9 (39,516 ) (41,628 )
NET ASSETS 105,125 126,180

CAPITAL AND RESERVES
Called up share capital 10 997 997
Retained earnings 104,128 125,183
SHAREHOLDERS' FUNDS 105,125 126,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2018 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.

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

BALANCE SHEET - continued
31st January 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 27th April 2018 and were signed on its behalf by:




T Smith - Director



A M Smith - Director


GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st January 2018

1. STATUTORY INFORMATION

Glebe Stone Sales 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 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 2003, is being amortised evenly over its estimated useful life of fifteen 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 - 20% on cost and 10% on reducing balance
Fixtures and fittings - 50% on cost
Computer equipment - 33% on cost

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 balance sheet date.

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

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2018

2. ACCOUNTING POLICIES - continued

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.

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 3 (2017 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2017
and 31st January 2018 150,000
AMORTISATION
At 1st February 2017 140,000
Charge for year 10,000
At 31st January 2018 150,000
NET BOOK VALUE
At 31st January 2018 -
At 31st January 2017 10,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2017 504,645 651 11,995 1,463 518,754
Additions 80,824 - - 42 80,866
At 31st January 2018 585,469 651 11,995 1,505 599,620
DEPRECIATION
At 1st February 2017 277,651 651 7,883 1,356 287,541
Charge for year 81,074 - 1,029 104 82,207
At 31st January 2018 358,725 651 8,912 1,460 369,748
NET BOOK VALUE
At 31st January 2018 226,744 - 3,083 45 229,872
At 31st January 2017 226,994 - 4,112 107 231,213

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2018

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st February 2017 174,890
Additions 75,000
At 31st January 2018 249,890
DEPRECIATION
At 1st February 2017 71,479
Charge for year 46,228
At 31st January 2018 117,707
NET BOOK VALUE
At 31st January 2018 132,183
At 31st January 2017 103,411

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/18 31/1/17
£    £   
Trade debtors 54,218 45,207
Prepayments 9,583 10,878
63,801 56,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/18 31/1/17
£    £   
Hire purchase contracts 52,538 27,538
Trade creditors 7,465 7,511
Tax - 1,393
Social security and other taxes 847 694
VAT 4,293 8,293
Other creditors 113 206
Directors' current accounts 62,435 64,262
Accrued expenses 5,212 5,612
132,903 115,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/18 31/1/17
£    £   
Hire purchase contracts 40,619 57,741

GLEBE STONE SALES LIMITED (REGISTERED NUMBER: 04646307)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st January 2018

9. PROVISIONS FOR LIABILITIES
31/1/18 31/1/17
£    £   
Deferred tax 39,516 41,628

Deferred
tax
£   
Balance at 1st February 2017 41,628
Accelerated capital allowances (2,112 )
Balance at 31st January 2018 39,516

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31/1/18 31/1/17
value: £    £   
996 Ordinary £1 996 996
1 Ordinary 'A' Non-Voting £1 1 1
997 997

11. CONTINGENT LIABILITIES

There were no contingent liabilities at 31 January 2018 or 31st January 2017.

12. CAPITAL COMMITMENTS
31/1/18 31/1/17
£    £   
Contracted but not provided for in the
financial statements - -

13. ULTIMATE CONTROLLING PARTY

Mr T Smith and his wife own 100% of the issued voting shares of the company.