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REGISTERED NUMBER: 09009009 (England and Wales)















STABLES PHOTOGRAPHY STUDIOS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024






STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STABLES PHOTOGRAPHY STUDIOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: P Andersson
G H Poulton





REGISTERED OFFICE: Studio E, Treowen House
Llanover Business Centre
Llanover
Abergavenny
Monmouthshire
NP7 9HA





REGISTERED NUMBER: 09009009 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 331 804
331 804

CURRENT ASSETS
Stocks 240 200
Debtors 6 64,040 51,065
Cash at bank - 1,350
64,280 52,615
CREDITORS
Amounts falling due within one year 7 25,640 12,117
NET CURRENT ASSETS 38,640 40,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,971

41,302

CREDITORS
Amounts falling due after more than one
year

8

(31,070

)

(39,800

)

PROVISIONS FOR LIABILITIES (63 ) (153 )
NET ASSETS 7,838 1,349

STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

BALANCE SHEET - continued
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 66 66
Capital redemption reserve 33 33
Retained earnings 7,739 1,250
SHAREHOLDERS' FUNDS 7,838 1,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2024 and were signed on its behalf by:





P Andersson - Director


STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Stables Photography Studios 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

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 Profit and Loss, 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.


STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 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.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 33,000
AMORTISATION
At 1st May 2023
and 30th April 2024 33,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023
and 30th April 2024 22,659 4,082 8,666 35,407
DEPRECIATION
At 1st May 2023 22,177 3,992 8,434 34,603
Charge for year 367 30 76 473
At 30th April 2024 22,544 4,022 8,510 35,076
NET BOOK VALUE
At 30th April 2024 115 60 156 331
At 30th April 2023 482 90 232 804

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,204 3,892
Directors' current accounts 44,196 35,533
Other debtors 11,640 11,640
64,040 51,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,999 2,177
Corporation Tax 2,081 2,431
Social security and other taxes 110 100
VAT 1,431 1,678
Other creditors 7,916 3,600
Accruals and deferred income 3,103 2,131
25,640 12,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 31,070 39,800

STABLES PHOTOGRAPHY STUDIOS LIMITED (REGISTERED NUMBER: 09009009)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
33 Ordinary A £1 33 33
33 Ordinary B £1 33 33
66 66

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- G H Poulton owed £26,814 (2023 - owed £20,009)
- P Andersson owed £17,382 (2023 - owed £15,524)