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REGISTERED NUMBER: 06448589















Financial Statements for the Year Ended 31 January 2024

for

The Stables (Wynyard) Limited

The Stables (Wynyard) Limited (Registered number: 06448589)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Stables (Wynyard) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: M Everson
Mrs J Everson





REGISTERED OFFICE: The Wynd
Wynyard Park
Wynyard
Billingham
TS22 5QQ





REGISTERED NUMBER: 06448589





ACCOUNTANTS: SW Accountants & Business Advisors
73 Duke Street
Darlington
Co. Durham
DL3 7SD

The Stables (Wynyard) Limited (Registered number: 06448589)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,800 21,000
Tangible assets 5 57,875 49,448
74,675 70,448

CURRENT ASSETS
Stocks 15,046 13,095
Debtors 6 85,589 62,814
Cash at bank and in hand 25,289 30,429
125,924 106,338
CREDITORS
Amounts falling due within one year 7 158,696 131,483
NET CURRENT LIABILITIES (32,772 ) (25,145 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,903

45,303

CREDITORS
Amounts falling due after more than one year 8 (30,175 ) (35,186 )

PROVISIONS FOR LIABILITIES (11,645 ) (10,074 )
NET ASSETS 83 43

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 81 41
SHAREHOLDERS' FUNDS 83 43

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 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.

The Stables (Wynyard) Limited (Registered number: 06448589)

Balance Sheet - continued
31 January 2024


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 October 2024 and were signed on its behalf by:





M Everson - Director


The Stables (Wynyard) Limited (Registered number: 06448589)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

The Stables (Wynyard) Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Kitchen equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


The Stables (Wynyard) Limited (Registered number: 06448589)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

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 NIL (2023 - 41 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 84,000
AMORTISATION
At 1 February 2023 63,000
Amortisation for year 4,200
At 31 January 2024 67,200
NET BOOK VALUE
At 31 January 2024 16,800
At 31 January 2023 21,000

The Stables (Wynyard) Limited (Registered number: 06448589)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Kitchen and Motor Computer
equipment fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 33,036 70,815 3,560 12,575 119,986
Additions 9,390 4,490 - 4,996 18,876
At 31 January 2024 42,426 75,305 3,560 17,571 138,862
DEPRECIATION
At 1 February 2023 18,091 44,489 1,558 6,400 70,538
Charge for year 3,650 4,623 500 1,676 10,449
At 31 January 2024 21,741 49,112 2,058 8,076 80,987
NET BOOK VALUE
At 31 January 2024 20,685 26,193 1,502 9,495 57,875
At 31 January 2023 14,945 26,326 2,002 6,175 49,448

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 10,536 -
Directors' current accounts 71,218 57,055
Prepayments and accrued income 3,835 5,759
85,589 62,814

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 69,327 68,678
Tax 24,293 8,221
Social security and other taxes 3,358 3,160
VAT 29,185 21,762
Other creditors 22,334 20,937
Accrued expenses 4,643 3,169
158,696 131,483

The Stables (Wynyard) Limited (Registered number: 06448589)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more 5 yr by instal 7,952 12,963
30,175 35,186

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,952 12,963

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
M Everson and Mrs J Everson
Balance outstanding at start of year 57,055 13,529
Amounts repaid 57,055 (13,529 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 71,218 57,055