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REGISTERED NUMBER: 06451527 (England and Wales)















VALE STABLES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






VALE STABLES LIMITED (REGISTERED NUMBER: 06451527)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VALE STABLES LIMITED

COMPANY INFORMATION
For The Year Ended 31 JANUARY 2024







DIRECTOR: M Potter





SECRETARY: Ms H Potter





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 06451527 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

VALE STABLES LIMITED (REGISTERED NUMBER: 06451527)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,362 72,420

CURRENT ASSETS
Stocks 385,000 427,268
Debtors 5 35,727 218,258
Cash at bank and in hand 25,565 46,281
446,292 691,807
CREDITORS
Amounts falling due within one year 6 334,191 574,666
NET CURRENT ASSETS 112,101 117,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,463

189,561

PROVISIONS FOR LIABILITIES 12,771 12,559
NET ASSETS 172,692 177,002

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 172,592 176,902
SHAREHOLDERS' FUNDS 172,692 177,002

VALE STABLES LIMITED (REGISTERED NUMBER: 06451527)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 30 September 2024 and were signed by:





M Potter - Director


VALE STABLES LIMITED (REGISTERED NUMBER: 06451527)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 JANUARY 2024


1. STATUTORY INFORMATION

Vale Stables Limited 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 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 statement of financial position date.

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.

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 6 (2023 - 10 ) .

VALE STABLES LIMITED (REGISTERED NUMBER: 06451527)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 8,760 124,344 133,104
Additions - 34,199 34,199
Disposals - (39,895 ) (39,895 )
At 31 January 2024 8,760 118,648 127,408
DEPRECIATION
At 1 February 2023 2,440 58,244 60,684
Charge for year 175 18,637 18,812
Eliminated on disposal - (25,450 ) (25,450 )
At 31 January 2024 2,615 51,431 54,046
NET BOOK VALUE
At 31 January 2024 6,145 67,217 73,362
At 31 January 2023 6,320 66,100 72,420

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 15,568 51,667
Amounts owed by group undertakings - 149,672
Other debtors 20,159 16,919
35,727 218,258

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 82,655 117,509
Amounts owed to group undertakings 106,304 -
Taxation and social security 117,267 425,471
Other creditors 27,965 31,686
334,191 574,666