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REGISTERED NUMBER: 05589834















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Stable Precision Engineering Limited

Stable Precision Engineering Limited (Registered number: 05589834)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Stable Precision Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B A Harris
Mrs S J O'Shea
Mrs P A Buttinger
M R Buttinger





REGISTERED OFFICE: Unit 7 Silver Business Park
Airfield Way
Christchurch
Bournemouth
Dorset
BH23 3TA





REGISTERED NUMBER: 05589834





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

Stable Precision Engineering Limited (Registered number: 05589834)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 456,698 485,218
456,699 485,219

CURRENT ASSETS
Stocks 250,000 100,000
Debtors 6 219,222 367,701
Cash at bank and in hand 405,246 321,392
874,468 789,093
CREDITORS
Amounts falling due within one year 7 156,084 150,914
NET CURRENT ASSETS 718,384 638,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,083

1,123,398

PROVISIONS FOR LIABILITIES 8 109,913 111,801
NET ASSETS 1,065,170 1,011,597

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,065,070 1,011,497
SHAREHOLDERS' FUNDS 1,065,170 1,011,597

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

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

Stable Precision Engineering Limited (Registered number: 05589834)

Balance Sheet - continued
31 December 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 29 February 2024 and were signed on its behalf by:





M R Buttinger - Director


Stable Precision Engineering Limited (Registered number: 05589834)

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

1. STATUTORY INFORMATION

Stable Precision Engineering 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.

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


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

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.
Plant and machinery - 10% on reducing balance
Office Equipment - 20% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Stable Precision Engineering Limited (Registered number: 05589834)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Stable Precision Engineering Limited (Registered number: 05589834)

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

5. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 January 2023 846,781 14,409 38,190 899,380
Additions 3,401 12,328 18,133 33,862
Disposals - - (11,745 ) (11,745 )
At 31 December 2023 850,182 26,737 44,578 921,497
DEPRECIATION
At 1 January 2023 382,020 10,906 21,236 414,162
Charge for year 46,731 2,837 9,633 59,201
Eliminated on disposal - - (8,564 ) (8,564 )
At 31 December 2023 428,751 13,743 22,305 464,799
NET BOOK VALUE
At 31 December 2023 421,431 12,994 22,273 456,698
At 31 December 2022 464,761 3,503 16,954 485,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 207,586 254,553
Amounts owed by group undertakings 3,615 100,228
Other debtors 8,021 12,920
219,222 367,701

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 41,826 94,056
Taxation and social security 108,204 51,628
Other creditors 6,054 5,230
156,084 150,914

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
Accelerated capital allowances 109,913 111,801

Deferred
tax
£   
Balance at 1 January 2023 111,801
Credit to Income Statement during year (1,888 )
Balance at 31 December 2023 109,913

Stable Precision Engineering Limited (Registered number: 05589834)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
90 Ordinary £1 90 90
5 'A' £1 5 5
5 'B' £1 5 5
100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.23 31.12.22
£    £   
B A Harris
Balance outstanding at start of year 330 -
Amounts advanced 330 330
Amounts repaid (330 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 330 330

Mrs S J O'Shea
Balance outstanding at start of year - 121
Amounts advanced - 330
Amounts repaid - (451 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Stable Precision Engineering Limited

Report of the Accountants to the Directors of
Stable Precision Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................