Registered number
09230681
Stabileye Limited
Unaudited Filleted Accounts
30 September 2023
Stabileye Limited
Registered number: 09230681
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 19,801 18,401
Current assets
Debtors 4 2,520 77,441
Cash at bank and in hand 261,343 423,194
263,863 500,635
Creditors: amounts falling due within one year 5 (92,093) (177,822)
Net current assets 171,770 322,813
Net assets 191,571 341,214
Capital and reserves
Called up share capital 400 400
Profit and loss account 191,171 340,814
Shareholders' funds 191,571 341,214
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C Legall
Director
Approved by the board on 25 October 2023
Stabileye Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added 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 work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over three years
Motor van 25% Written Down Value
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2022 239,933 7,000 246,933
Additions 13,926 - 13,926
At 30 September 2023 253,859 7,000 260,859
Depreciation
At 1 October 2022 227,332 1,200 228,532
Charge for the year 11,076 1,450 12,526
At 30 September 2023 238,408 2,650 241,058
Net book value
At 30 September 2023 15,451 4,350 19,801
At 30 September 2022 12,601 5,800 18,401
4 Debtors 2023 2022
£ £
Trade debtors 2,520 77,441
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 2,867
Taxation and social security costs 72,358 129,175
Other creditors 19,735 45,780
92,093 177,822
6 Other information
Stabileye Limited is a private company limited by shares and incorporated in England. Its registered office is:
Anglo Dal House
5 Spring Villa Park
Edgware
Middlesex
HA8 7EB
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