IRIS Accounts Production v24.1.0.578 SC412765 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4127652022-12-31SC4127652023-12-31SC4127652023-01-012023-12-31SC4127652021-12-31SC4127652022-01-012022-12-31SC4127652022-12-31SC412765ns15:Scotland2023-01-012023-12-31SC412765ns14:PoundSterling2023-01-012023-12-31SC412765ns10:Director12023-01-012023-12-31SC412765ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC412765ns10:SmallEntities2023-01-012023-12-31SC412765ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC412765ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC412765ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC412765ns10:FullAccounts2023-01-012023-12-31SC412765ns10:OrdinaryShareClass12023-01-012023-12-31SC412765ns10:RegisteredOffice2023-01-012023-12-31SC412765ns5:CurrentFinancialInstruments2023-12-31SC412765ns5:CurrentFinancialInstruments2022-12-31SC412765ns5:ShareCapital2023-12-31SC412765ns5:ShareCapital2022-12-31SC412765ns5:RetainedEarningsAccumulatedLosses2023-12-31SC412765ns5:RetainedEarningsAccumulatedLosses2022-12-31SC412765ns5:FurnitureFittings2023-01-012023-12-31SC412765ns5:ComputerEquipment2023-01-012023-12-31SC412765ns5:FurnitureFittings2022-12-31SC412765ns5:ComputerEquipment2022-12-31SC412765ns5:FurnitureFittings2023-12-31SC412765ns5:ComputerEquipment2023-12-31SC412765ns5:FurnitureFittings2022-12-31SC412765ns5:ComputerEquipment2022-12-31SC412765ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC412765ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC412765ns10:OrdinaryShareClass12023-12-31SC4127651ns10:Director12022-12-31SC4127651ns10:Director12021-12-31SC4127651ns10:Director12023-01-012023-12-31SC4127651ns10:Director12022-01-012022-12-31SC4127651ns10:Director12023-12-31SC4127651ns10:Director12022-12-31
REGISTERED NUMBER: SC412765 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STABEN LTD

STABEN LTD (REGISTERED NUMBER: SC412765)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


STABEN LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: Ms E Ayres





REGISTERED OFFICE: Jelliston Cottage
Jelliston
Ayr
Ayrshire
KA6 6ES





REGISTERED NUMBER: SC412765 (Scotland)





ACCOUNTANTS: K M Stewart & Company
6 Miller Road
Ayr
KA7 2AY

STABEN LTD (REGISTERED NUMBER: SC412765)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,077 550

CURRENT ASSETS
Debtors 5 3,183 -
Cash at bank 1,784 9,207
4,967 9,207
CREDITORS
Amounts falling due within one year 6 5,282 5,675
NET CURRENT (LIABILITIES)/ASSETS (315 ) 3,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,762

4,082

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,662 3,982
SHAREHOLDERS' FUNDS 2,762 4,082

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 director acknowledges her 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.

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 director and authorised for issue on 13 September 2024 and were signed by:





Ms E Ayres - Director


STABEN LTD (REGISTERED NUMBER: SC412765)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Staben Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Functional currency
The financial statements are presented in British Pounds Sterling which is the functional currency. Figures are shown to the nearest whole pound.

Significant judgements and estimates
The preparation of financial statements requires the use of certain accounting estimates. It also requires the
Directors to exercise judgement in applying the Companies Accounting policies. The areas requiring a higher
degree of judgement, or complexity, and areas where assumptions or estimates are most significant to the
financial statements, are disclosed below:

Estimation Uncertainty

Useful life of properties, plant and equipment
The Company assesses the useful life of its properties, plant and equipment and estimates the annual charge to be depreciated based on this.

Recoverability of Debtors
The Company assesses the recoverability of Debtors on an individual basis, taking into consideration payment history, and perceived liquidity. Where it is considered that there is a higher than normal risk to the
recoverability of these, provision is made against the recoverability of these debts.

Key Judgements made in the application of Accounting Policies
a) Exemptions taken in the application of FRS 102
The Company has considered and taken advantage of the following exemptions in its application of FRS 102:
i) The Company has not revisited previous accounting estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.3% on cost

Financial instruments
Classification
The Company believes all financial instruments are Basic Financial Instruments. Therefore, the Company
recognises these in accordance with Section 11 of the Financial Reporting Standard.

Recognition and measurement
The company's debt instruments are measured at amortised cost using the effective interest rate method.

Impairment
Financial instruments are reviewed annually for impairment.

STABEN LTD (REGISTERED NUMBER: SC412765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 - 850 850
Additions 929 3,170 4,099
At 31 December 2023 929 4,020 4,949
DEPRECIATION
At 1 January 2023 - 300 300
Charge for year 232 1,340 1,572
At 31 December 2023 232 1,640 1,872
NET BOOK VALUE
At 31 December 2023 697 2,380 3,077
At 31 December 2022 - 550 550

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 567 -
Other debtors 2,616 -
3,183 -

STABEN LTD (REGISTERED NUMBER: SC412765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,503 5,075
Trade creditors 45 -
Other creditors 1,734 600
5,282 5,675

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
Ms E Ayres
Balance outstanding at start of year - -
Amounts advanced 9,850 -
Amounts repaid (7,234 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,616 -