Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 10882772 Mr Henri Van Der Hoorn Mr Henricus Van Leest Stabilo Management BV Flight Forum 3846, 5657 DX Eindhoven, Netherlands true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10882772 2022-12-31 10882772 2023-12-31 10882772 2023-01-01 2023-12-31 10882772 frs-core:CurrentFinancialInstruments 2023-12-31 10882772 frs-core:PlantMachinery 2023-12-31 10882772 frs-core:PlantMachinery 2023-01-01 2023-12-31 10882772 frs-core:PlantMachinery 2022-12-31 10882772 frs-core:OtherReservesSubtotal 2023-12-31 10882772 frs-core:ShareCapital 2023-12-31 10882772 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10882772 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10882772 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10882772 frs-bus:SmallEntities 2023-01-01 2023-12-31 10882772 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10882772 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10882772 1 2023-01-01 2023-12-31 10882772 frs-core:DeferredTaxation 2023-01-01 2023-12-31 10882772 frs-core:DeferredTaxation 2023-12-31 10882772 frs-bus:Director1 2023-01-01 2023-12-31 10882772 frs-bus:Director2 2023-01-01 2023-12-31 10882772 frs-countries:EnglandWales 2023-01-01 2023-12-31 10882772 2021-12-31 10882772 2022-12-31 10882772 2022-01-01 2022-12-31 10882772 frs-core:CurrentFinancialInstruments 2022-12-31 10882772 frs-core:OtherReservesSubtotal 2022-12-31 10882772 frs-core:ShareCapital 2022-12-31 10882772 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10882772
Stabilo UK Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
Spicer & Co UK Limited
Chartered Accountants
Staple House
5 Eleanors Cross
Dunstable
Bedfordshire
LU6 1SU
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10882772
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,959 410
11,959 410
CURRENT ASSETS
Debtors 5 667,980 447,655
Cash at bank and in hand 1,419,350 1,385,329
2,087,330 1,832,984
Creditors: Amounts Falling Due Within One Year 6 (1,797,797 ) (1,780,718 )
NET CURRENT ASSETS (LIABILITIES) 289,533 52,266
TOTAL ASSETS LESS CURRENT LIABILITIES 301,492 52,676
PROVISIONS FOR LIABILITIES
Deferred Taxation (807 ) -
NET ASSETS 300,685 52,676
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Other reserves (302,658 ) (302,658 )
Profit and Loss Account 553,343 305,334
SHAREHOLDERS' FUNDS 300,685 52,676
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For the year ending 31 December 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Henri Van Der Hoorn
Director
27/08/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Stabilo UK Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10882772 . The registered office is Staple House, Eleanors Cross, Dunstable, Bedfordshire, LU6 1SU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existance for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery over 5 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2023 31,704
Additions 13,891
As at 31 December 2023 45,595
Depreciation
As at 1 January 2023 31,294
Provided during the period 2,342
As at 31 December 2023 33,636
Net Book Value
As at 31 December 2023 11,959
As at 1 January 2023 410
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 144,698 139,941
Amounts owed by group undertakings 338,273 338,273
Other debtors 185,009 (30,559)
667,980 447,655
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6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 17,078 1,473,202
Amounts owed to group undertakings 1,612,444 -
Other creditors 96,440 242,538
Taxation and social security 71,835 64,978
1,797,797 1,780,718
7. Provisions for Liabilities
Deferred Tax Total
£ £
Additions 807 807
Balance at 31 December 2023 807 807
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 50,000 50,000
9. Reserves
Profit and Loss reserves
The Profit and Loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholder. This is a distributable reserve.
10. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Stabilo Management BV . Stabilo Management BV was incorporated in Netherlands. Copies of the group accounts may be obtained from the secretary, Flight Forum 3846, 5657 DX Eindhoven, Netherlands . The ultimate controlling party is Stabilo Management BV who controls 100% of the shares of Stabilo UK Limited .
Stabilo Management BV prepares consolidated accounts to 31 December each year.
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