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REGISTERED NUMBER: 12962740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Stabiliti Ltd

Stabiliti Ltd (Registered number: 12962740)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Stabiliti Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: S Cochrane
W A Foulkes





REGISTERED OFFICE: 7 Gay Street
Bath
BA1 2PH





REGISTERED NUMBER: 12962740 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Stabiliti Ltd (Registered number: 12962740)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,023 1,023
Tangible assets 5 6,465 8,552
Investments 6 300 300
7,788 9,875

CURRENT ASSETS
Debtors 7 7,856 10,519
Cash at bank 10,562 175,720
18,418 186,239
CREDITORS
Amounts falling due within one year 8 6,934 13,725
NET CURRENT ASSETS 11,484 172,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,272

182,389

PROVISIONS FOR LIABILITIES 1,617 1,625
NET ASSETS 17,655 180,764

CAPITAL AND RESERVES
Called up share capital 100 100
Safe option reserve 553,669 445,656
Retained earnings (536,114 ) (264,992 )
17,655 180,764

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

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

Stabiliti Ltd (Registered number: 12962740)

Statement of Financial Position - continued
31 October 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 31 July 2024 and were signed on its behalf by:




S Cochrane - Director W A Foulkes - Director




J H Cozens - Director


Stabiliti Ltd (Registered number: 12962740)

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

1. STATUTORY INFORMATION

Stabiliti 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 recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at their most recent valuation.

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 etc - 25% on reducing balance and 20% on cost

Grants
Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.


Stabiliti Ltd (Registered number: 12962740)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 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.

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2022
and 31 October 2023 1,023
NET BOOK VALUE
At 31 October 2023 1,023
At 31 October 2022 1,023

Stabiliti Ltd (Registered number: 12962740)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 10,713
Additions 65
At 31 October 2023 10,778
DEPRECIATION
At 1 November 2022 2,161
Charge for year 2,152
At 31 October 2023 4,313
NET BOOK VALUE
At 31 October 2023 6,465
At 31 October 2022 8,552

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 300
NET BOOK VALUE
At 31 October 2023 300
At 31 October 2022 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 7,856 10,519

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 168 5,269
Taxation and social security - 7,790
Other creditors 6,766 666
6,934 13,725

Included within other creditors is £4,008 owed to a company with common directorship.

Stabiliti Ltd (Registered number: 12962740)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As of 31 October 2023, the following director balances were outstanding:
- Director 1 = £165 owed by the company to the director
- Director 2 = £2,593 owed by the company to the director
No formal repayment terms have been agreed.