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REGISTERED NUMBER: 04312513 (England and Wales)















Stable Resources Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2023






Stable Resources Ltd (Registered number: 04312513)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Stable Resources Ltd

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D E Aspden
A M Aspden





REGISTERED OFFICE: 1 Talbot Street
Pontcanna
Glamorgan
CF11 9BW





REGISTERED NUMBER: 04312513 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Stable Resources Ltd (Registered number: 04312513)

Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,983 6,283
Tangible assets 5 434,874 226,241
439,857 232,524

CURRENT ASSETS
Debtors 6 2,350,616 1,580,736
Cash at bank 382,831 325,570
2,733,447 1,906,306
CREDITORS
Amounts falling due within one year 7 2,030,336 1,296,157
NET CURRENT ASSETS 703,111 610,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,142,968

842,673

CREDITORS
Amounts falling due after more than one year 8 (247,529 ) (327,192 )

PROVISIONS FOR LIABILITIES (50,440 ) (19,777 )
NET ASSETS 844,999 495,704

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 844,997 495,702
SHAREHOLDERS' FUNDS 844,999 495,704

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2023 and were signed on its behalf by:




D E Aspden - Director


Stable Resources Ltd (Registered number: 04312513)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Stable Resources Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Stable Resources Ltd (Registered number: 04312513)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2022 - 42 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2022
and 31 January 2023 6,500
AMORTISATION
At 1 February 2022 217
Charge for year 1,300
At 31 January 2023 1,517
NET BOOK VALUE
At 31 January 2023 4,983
At 31 January 2022 6,283

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 125,756 78,550 77,564 281,870
Additions 40,691 140,484 54,078 235,253
At 31 January 2023 166,447 219,034 131,642 517,123
DEPRECIATION
At 1 February 2022 - 10,150 45,479 55,629
Charge for year - 15,646 10,974 26,620
At 31 January 2023 - 25,796 56,453 82,249
NET BOOK VALUE
At 31 January 2023 166,447 193,238 75,189 434,874
At 31 January 2022 125,756 68,400 32,085 226,241

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,327,956 816,019
Other debtors 1,022,660 764,717
2,350,616 1,580,736

Stable Resources Ltd (Registered number: 04312513)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 95,697 68,359
Trade creditors 155,876 41,347
Amounts owed to group undertakings 2,437 -
Taxation and social security 919,294 610,205
Other creditors 857,032 576,246
2,030,336 1,296,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 247,529 327,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 43,936 196,661

9. ULTIMATE CONTROLLING PARTY

The company's parent undertakings at the balance sheet date was Stable Group Holdings Limited, a company incorporated in England and Wales. The ultimate controlling parties at the year end were Mr D E Aspden and Mrs A M Aspden.