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Company Registration No. 13257485 (England and Wales)
The Stable Cornwall Limited Unaudited accounts for the year ended 31 March 2024
The Stable Cornwall Limited Unaudited accounts Contents
Page
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The Stable Cornwall Limited Company Information for the year ended 31 March 2024
Director
Kelly Adsett
Company Number
13257485 (England and Wales)
Registered Office
MENA BARN LANIVET BODMIN CORNWALL PL30 5HW ENGLAND
Accountants
Chynance Accountancy Services Ltd 2 King Mark House Stret Constantine Newquay Cornwall TR7 1GF
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The Stable Cornwall Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
66,055 
72,954 
Current assets
Debtors
- 
8,000 
Cash at bank and in hand
3,838 
17,377 
3,838 
25,377 
Creditors: amounts falling due within one year
(24,169)
(31,623)
Net current liabilities
(20,331)
(6,246)
Total assets less current liabilities
45,724 
66,708 
Creditors: amounts falling due after more than one year
(55,902)
(48,345)
Net (liabilities)/assets
(10,178)
18,363 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,278)
18,263 
Shareholders' funds
(10,178)
18,363 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 April 2024 and were signed on its behalf by
Kelly Adsett Director Company Registration No. 13257485
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The Stable Cornwall Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
The Stable Cornwall Limited is a private company, limited by shares, registered in England and Wales, registration number 13257485. The registered office is MENA BARN, LANIVET, BODMIN, CORNWALL, PL30 5HW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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The Stable Cornwall Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
43,102 
49,995 
330 
93,427 
Additions
- 
66,875 
- 
66,875 
Disposals
(1,761)
(49,995)
- 
(51,756)
At 31 March 2024
41,341 
66,875 
330 
108,546 
Depreciation
At 1 April 2023
20,329 
- 
144 
20,473 
Charge for the year
5,253 
16,719 
46 
22,018 
At 31 March 2024
25,582 
16,719 
190 
42,491 
Net book value
At 31 March 2024
15,759 
50,156 
140 
66,055 
At 31 March 2023
22,773 
49,995 
186 
72,954 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
15,759 
22,773 
- Motor vehicles
50,156 
39,995 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
8,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
22,780 
19,536 
Taxes and social security
1,389 
509 
Other creditors
- 
10,900 
Accruals
- 
678 
24,169 
31,623 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
42,033 
35,477 
Loans from directors
13,869 
12,868 
55,902 
48,345 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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