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REGISTERED NUMBER: 06448589















Financial Statements for the Year Ended 31 January 2023

for

The Stables (Wynyard) Limited

The Stables (Wynyard) Limited (Registered number: 06448589)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stables (Wynyard) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: M Everson
Mrs J Everson





REGISTERED OFFICE: The Wynd
Wynyard Park
Wynyard
Billingham
TS22 5QQ





REGISTERED NUMBER: 06448589





ACCOUNTANTS: SW Accountants & Business Advisors
73 Duke Street
Darlington
Co. Durham
DL3 7SD

The Stables (Wynyard) Limited (Registered number: 06448589)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,000 25,200
Tangible assets 5 49,448 51,952
70,448 77,152

CURRENT ASSETS
Stocks 13,095 10,863
Debtors 6 62,814 22,717
Cash at bank and in hand 30,429 39,819
106,338 73,399
CREDITORS
Amounts falling due within one year 7 131,483 96,045
NET CURRENT LIABILITIES (25,145 ) (22,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,303

54,506

CREDITORS
Amounts falling due after more than one year 8 (35,186 ) (41,953 )

PROVISIONS FOR LIABILITIES (10,074 ) (10,166 )
NET ASSETS 43 2,387

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 41 2,385
SHAREHOLDERS' FUNDS 43 2,387

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 Stables (Wynyard) Limited (Registered number: 06448589)

Balance Sheet - continued
31 January 2023


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 25 October 2023 and were signed on its behalf by:





M Everson - Director


The Stables (Wynyard) Limited (Registered number: 06448589)

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

1. STATUTORY INFORMATION

The Stables (Wynyard) Limited is a private company, limited by shares , registered in Not specified/Other. 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty 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.
Kitchen equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


The Stables (Wynyard) Limited (Registered number: 06448589)

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

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 84,000
AMORTISATION
At 1 February 2022 58,800
Amortisation for year 4,200
At 31 January 2023 63,000
NET BOOK VALUE
At 31 January 2023 21,000
At 31 January 2022 25,200

The Stables (Wynyard) Limited (Registered number: 06448589)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Kitchen and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 27,928 69,969 3,560 11,993 113,450
Additions 5,108 846 - 582 6,536
At 31 January 2023 33,036 70,815 3,560 12,575 119,986
DEPRECIATION
At 1 February 2022 15,454 39,844 890 5,310 61,498
Charge for year 2,637 4,645 668 1,090 9,040
At 31 January 2023 18,091 44,489 1,558 6,400 70,538
NET BOOK VALUE
At 31 January 2023 14,945 26,326 2,002 6,175 49,448
At 31 January 2022 12,474 30,125 2,670 6,683 51,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Directors' current accounts 57,055 13,529
Prepayments and accrued income 5,759 9,188
62,814 22,717

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 5,556 4,342
Trade creditors 68,678 27,464
Taxation and social security 33,143 39,926
Other creditors 24,106 24,313
131,483 96,045

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 35,186 41,953

The Stables (Wynyard) Limited (Registered number: 06448589)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.1.23 31.1.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,963 24,584

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
M Everson and Mrs J Everson
Balance outstanding at start of year 13,529 17,620
Amounts repaid (13,529 ) (17,620 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,055 13,529